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Rulings ( 14149 results )

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Income tax Appellate Tribunal

ITAT: No addition/adjustment can be made u/s 50C during processing of return u/s 143(1)

Jan 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2026(DEL)
  • Tax Payer : CK International Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Negative capital balance doesn't automatically imply diversion of borrowed funds; Quashes interest disallowance

Jan 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2026(Mum)
  • Tax Payer : Ashapura Developers
Income tax Appellate Tribunal

ITAT: Addition unwarranted on timing difference in revenue recognition; No loss to exchequer as change being tax neutral

Jan 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-25-ITAT-2026(DEL)
  • Tax Payer : Halcrow Group Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Branch office/PE a separate entity, entitled to reimbursements & procurement cost deductions

Jan 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-24-ITAT-2026(DEL)
  • Tax Payer : FCS Computer Systems S PTE Ltd
Income tax Appellate Tribunal

ITAT: Mere uploading/ generation of notice on tax portal not ‘issuance’ unless communicated

Jan 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2026(HYD)
  • Tax Payer : Desu Enterprises
High Court

HC: Quasi judicial authority to exercise conscientious discretion, not reject application u/s 119(2)(b) on hyper technical ground

Jan 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-22-HC-2026(ORI)
  • Tax Payer : The Reserve Bank Employees Co-operative Credit Society Limited
High Court

HC: HC: Criticizes CIT for misdirecting authority, judicial discipline non-negotiable; Mandates adherence to higher authority decisions

Jan 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-21-HC-2026(BOM)
  • Tax Payer : Samir N. Bhojwani
Income tax Appellate Tribunal

ITAT: Affirms deletion of addition u/s 2(22)(e); Upholds addition on STCL sans evidences to show property sale

Jan 12, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-20-ITAT-2026(DEL)
  • Tax Payer : Om Prakash Arora
Income tax Appellate Tribunal

ITAT: ITAT: Receipts not Royalty under India-Netherlands DTAA as no use or right to use of IP given to customers

Jan 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2026(DEL)
  • Tax Payer : Sabre Marketing Nederland, BV
Income tax Appellate Tribunal

ITAT: Computer software integral to trading business, eligible for 60% depreciation despite in-house development

Jan 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-1754-ITAT-2025(DEL)
  • Tax Payer : CNB Finwiz Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Additional disallowance u/s 40(a)(ia) impermissible once Assessee suo motu disallowed 30% for TDS default

Jan 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2026(DEL)
  • Tax Payer : Deliverhealth Services Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s miscellaneous application u/s 254(2) sans ‘error apparent on record’, cannot re-argue/ recall concluded order

Jan 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-19-ITAT-2026(DEL)
  • Tax Payer : R K Aggarwal
High Court

HC: Quashes reassessment proceedings for AY 2015-16, being time barred; Follows Rajeev Bansal judgment

Jan 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-1756-HC-2025(BOM)
  • Tax Payer : Selvakumar Vethamonickam Nadar
Income tax Appellate Tribunal

ITAT: ITAT: Nixes Binny Bansal’s residence tax planning, rejects Flipkart co-founder’s ‘non-resident’ claim

Jan 10, 2026
  • In Favour of Revenue
  • Citation Number : TS-18-ITAT-2026(Bang)
  • Tax Payer : Binny Bansal
Income tax Appellate Tribunal

ITAT: ITAT: Systematic lending with profit motive is business; Confirms characterization of interest income as business income, not IoS

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-1755-ITAT-2025(Mum)
  • Tax Payer : Mulchand Shamji Chheda HUF
Supreme Court

SC: Lays down 'commercial realisability' test to determine Sec. 28 taxability of share exchange through amalgamation

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-13-SC-2026
  • Tax Payer : Jindal Equipment Leasing and Consultancy Service Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition as impugned cash deposits did not pertain to relevant AY

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-05-ITAT-2026(Ahd)
  • Tax Payer : Ashok Ramulbhaya Malhotra
Income tax Appellate Tribunal

ITAT: Composite Trusts eligible for Sec. 80G if religious spending within statutory limit; Quashes CIT(E) order

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2026(Ahd)
  • Tax Payer : Shri Rajesh Ravindran Charity Trust
Income tax Appellate Tribunal

ITAT: Estimated commission addition u/s 153A unsustainable sans incriminating evidence when profits are disclosed

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2026(Mum)
  • Tax Payer : Subhkaran & Sons
Income tax Appellate Tribunal

ITAT: Addition on bogus purchases u/s 69C based on investigation report sans independent inquiry, unsustainable

Jan 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-1750-ITAT-2025(DEL)
  • Tax Payer : The Indure Private Limited