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Rulings ( 14467 results )

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Income tax Appellate Tribunal

ITAT: Agricultural land not capital asset absent conversion/development, outside Sec. 2(14)(iii)(b)(1) scope

Mar 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2026(Ahd)
  • Tax Payer : Ahmed Mahomed Pandor
Income tax Appellate Tribunal

ITAT: Confirms recognition of AMC revenue over contract period on straight-line basis, as per amended Sec. 43CB

Mar 13, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2026(CHNY)
  • Tax Payer : Johnson Lifts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Additions made in absence of incriminating material, contrary to provisions of Sec. 132 r.w.s 153A; Quashes order

Mar 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2026(CHNY)
  • Tax Payer : Jothi Narayanan
High Court

HC: Rejection of condonation application u/s 119(2)(b) for non-furnishing of registration certificate, beyond scope of application

Mar 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-339-HC-2026(GUJ)
  • Tax Payer : Jain Dehrasar Upasraya Ane Sadharan
Income tax Appellate Tribunal

ITAT: Profit estimation on turnover at fixed percentage cannot be applied in an arbitrary manner; Deletes addition

Mar 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2026(Ahd)
  • Tax Payer : Hemantkumar Rajendrakumar Shah
Income tax Appellate Tribunal

ITAT: Quashes rectification u/s 154 denying exemption u/s 10AA sans reasonable opportunity, mistake apparent on record

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2026(Mum)
  • Tax Payer : Portescap India Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 68 addition unsustainable sans credit entry in Assessee’s books; Uncorroborated third-party info insufficient

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2026(Mum)
  • Tax Payer : Abdul Wajid Abdul Rehman Sheikh
Income tax Appellate Tribunal

ITAT: Assessees under ‘Souharda Act’ are co-op societies for Sec.2(19), eligible for deduction u/s 80P

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2026(Bang)
  • Tax Payer : Balaji Vividoddesha Souharda
High Court

HC: Quashes Sec. 148 notices issued beyond timelines specified by SC in both Ashish Agarwal & Rajeev Bansal

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-337-HC-2026(GUJ)
  • Tax Payer : Asha Vishnukumar Patel
Income tax Appellate Tribunal

ITAT: Confirms reassessment basis live link between material & belief; Rejects challenge to AO’s jurisdiction

Mar 12, 2026
  • In Favour of Revenue
  • Citation Number : TS-336-ITAT-2026(Ahd)
  • Tax Payer : Infinity International
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69C addition on bogus purchases sans discrepancy in Assessee’s voluminous evidences

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2026(Mum)
  • Tax Payer : Jorss Bullion Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec. 80IB(11A) deduction for milk chilling & preservation activities, cites expanded scope post-FA 2009

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2026(HYD)
  • Tax Payer : Dodla Dairy Limited
Income tax Appellate Tribunal

ITAT: Deletes disallowance u/s 37 on furnishing all documents; Rejects Revenue's contradictory stand on GST Laws

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2026(DEL)
  • Tax Payer : Akash Somany
High Court

HC: Allows additional depreciation on assets acquired in previous year & put to use for less than 180 days

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-332-HC-2026(MAD)
  • Tax Payer : Wheels India Limited
Income tax Appellate Tribunal

ITAT: Partner’s use of son’s account doesn't vitiate source of funds; Deletes Sec. 68 addition basis documented fund flow

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2026(Bang)
  • Tax Payer : Vijay Mahantesh Trading Company
Income tax Appellate Tribunal

ITAT: No double taxation on turnover; Holds disclosed sales cannot be treated as unexplained cash credits

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2026(Mum)
  • Tax Payer : Ashok Amritlal Nayak
Income tax Appellate Tribunal

ITAT: Alleged financial irregularities not ‘specified violation’ u/s 13(1)(c)/ 13(1)(d) for cancellation of registration u/s 12AB

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2026(DEL)
  • Tax Payer : Richmond Educational Society
Income tax Appellate Tribunal

ITAT: Absence of detailed notes in assessment order doesn't prove lack of inquiry; Quashes revision u/s 263

Mar 12, 2026
  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2026(Bang)
  • Tax Payer : Pioneer Independent Trust
Income tax Appellate Tribunal

ITAT: Holds disputed contractual liability admissible as expense in AY in which it is settled between parties

Mar 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2026(DEL)
  • Tax Payer : Odean Shrine Multiplex Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects wrong PIN-code plea, portal upload of Sec. 148 notice considered valid service; Restores matter

Mar 11, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2026(DEL)
  • Tax Payer : Sh. Rakesh