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Rulings ( 14742 results )

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Income tax Appellate Tribunal

ITAT: Securitization Trust income taxable in hands of security receipt holders, not Trust; Rejects AOP status for Trust

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2026(Mum)
  • Tax Payer : Arcil Retail Loan Portfolio-001-H Trust
Income tax Appellate Tribunal

ITAT: Entrepreneurial risks, involvement in design qualifies Assessee as 'developer'; Sec. 80-IA doesn’t mandate infra-facility ownership

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-620-ITAT-2026(CHANDI)
  • Tax Payer : SPS Construction India Private Ltd
Income tax Appellate Tribunal

ITAT: ‘Project Falcon’ findings are only triggers, not conclusive evidence of tax evasion; Deletes addition u/s 68

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2026(Mum)
  • Tax Payer : Mentor Capital Limited
Income tax Appellate Tribunal

ITAT: Bond interest taxable only after deducting corresponding interest paid to fund provider; Deletes disallowance

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-618-ITAT-2026(Bang)
  • Tax Payer : Hutchinson & Co. (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds purchase of shares to be bogus & non-genuine; Confirms Sec. 69 addition

Apr 30, 2026
  • In Favour of Revenue
  • Citation Number : TS-617-ITAT-2026(DEL)
  • Tax Payer : Dinesh Kumar (HUF)
Income tax Appellate Tribunal

ITAT: Retrospective cancellation of registration invoking Sec. 12AB(4), unjustified as ‘specified violations’

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2026(ASR)
  • Tax Payer : Open Door Welfare Society
Income tax Appellate Tribunal

ITAT: No depreciation on land use conversion charges as benefit accrues to owner; No depreciable asset created

Apr 29, 2026
  • In Favour of Revenue
  • Citation Number : TS-616-ITAT-2026(CHANDI)
  • Tax Payer : Joshi Automotive Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Findings in quantum proceedings constitute good evidence for levying penalty; Upholds 10% penalty u/s 271AAC

Apr 29, 2026
  • In Favour of Revenue
  • Citation Number : TS-610-ITAT-2026(Mum)
  • Tax Payer : Anil Kantilal Shah
Supreme Court

SC: Copy of SC order setting aside JAO-FAO orders, remitting constitutional challenge back to HC

Apr 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-615-SC-2026
  • Tax Payer : Tej Partap Singh
High Court

HC: Quashes reassessment proceedings as contrary to first proviso to Sec. 147 given no failure to disclose material facts

Apr 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-611-HC-2026(BOM)
  • Tax Payer : GSTAAD Hotels Pvt Ltd
Income tax Appellate Tribunal

ITAT: Fresh valuation report mandatory for each year for shares issued at premium; Restores matter

Apr 29, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-612-ITAT-2026(DEL)
  • Tax Payer : Cinestaan Entertainment Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Trademark depreciation once allowed cannot be disallowed sans change of facts; Follows doctrine of consistency

Apr 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2026(Mum)
  • Tax Payer : Transworld Furtichem Private Limited
Income tax Appellate Tribunal

ITAT: Retrenchment compensation under BSNL VRS, capital receipt exempt u/s 10(10B), despite appellate-stage claim

Apr 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2026(Mum)
  • Tax Payer : Bajirao Shankar Jagdale
Income tax Appellate Tribunal

ITAT: Dismisses appeal as infructuous due to liquidation, no enforceable tax demand; Condones delay

Apr 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2026(Bang)
  • Tax Payer : Fibertex Private Limited
Income tax Appellate Tribunal

ITAT: Reverses CIT(A) order for deleting addition without appreciating evidentiary matrix; Restores matter

Apr 28, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-607-ITAT-2026(Mum)
  • Tax Payer : NIBR Bullion Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Only inventory-related costs capitalized, general expenses allowable as revenue u/s 37(1)

Apr 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2026(Mum)
  • Tax Payer : Samira Realty Projects Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Condones 639-days delay in appeal citing improper service and genuine medical hardship

Apr 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2026(Mum)
  • Tax Payer : Sunanda Vasant Pai
Income tax Appellate Tribunal

ITAT: Sets-aside CIT(A) order based on erroneous premise of ex-parte assessment; Remands matter

Apr 28, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-606-ITAT-2026(Ahd)
  • Tax Payer : Mukesh Commotrade Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition on unexplained agricultural income given Assessee discharged primary onus

Apr 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-577-ITAT-2026(Mum)
  • Tax Payer : Vithoba Holiday Resort Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 254(2) MA cannot be used to re-argue jurisdiction; No review/recall absent “apparent error”

Apr 28, 2026
  • In Favour of Revenue
  • Citation Number : TS-576-ITAT-2026(Mum)
  • Tax Payer : Vipul Bansal