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Rulings ( 14655 results )

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Income tax Appellate Tribunal

ITAT: Notice u/s 148 barred by limitation as per first proviso to Sec. 149; Quashes assessment order

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2026(HYD)
  • Tax Payer : Tulsi Dasari
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition where loan repayment wrongly treated as fresh unexplained credit

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2026(Mum)
  • Tax Payer : A P Trading Co.
Income tax Appellate Tribunal

ITAT: Invoking Sec. 68 based solely on shareholder company being struck-off, without infusion of funds, unjustified

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-532-ITAT-2026(Mum)
  • Tax Payer : Lan Finance Private Limited
Income tax Appellate Tribunal

ITAT: Additional claim cannot be denied on mere technicality; Tribunal vested with powers to entertain fresh claims

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2026(Mum)
  • Tax Payer : Oracle Financial Services Software Limited
Income tax Appellate Tribunal

ITAT: Minor variations in Form No. 10 not a ground to deny Sec. 11(2) benefit; Restores issue

Apr 15, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-527-ITAT-2026(Mum)
  • Tax Payer : Shree Tardeo Jain Swetamber Murti Pujak Sangh
Income tax Appellate Tribunal

ITAT: Rejects APMC commission agent’s TDS credit claim u/s 194Q as income belonged to farmers

Apr 15, 2026
  • In Favour of Revenue
  • Citation Number : TS-526-ITAT-2026(Ahd)
  • Tax Payer : Jivanbhai Somabhai Patel
Income tax Appellate Tribunal

ITAT: ITAT: CA status no bar to inadvertent mistakes; Quashes penalty u/s 271(1)(c) citing bonafide error

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2026(Mum)
  • Tax Payer : Gopalkrishna Narla Rao
High Court

HC: HC: Share buy-back is capital reduction, not acquisition of assets; Not taxable u/s 56(2)(x)

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-529-HC-2026(DEL)
  • Tax Payer : Globe Capital Market Ltd
High Court

HC: HC: Beneficial circular for delay condonation applies irrespective of specified AYs to avoid anomalous situations

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-528-HC-2026(DEL)
  • Tax Payer : VRG Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Additions in variation of SCN unsustainable, violates Sec. 144B(1)(xii); Deletes additions against Discovery Sales

Apr 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2026(DEL)
  • Tax Payer : Discovery Sales
Income tax Appellate Tribunal

ITAT: Quashes reassessment as alleged accommodation entry stands corroborated & duly disclosed in ITR

Apr 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2026(DEL)
  • Tax Payer : Lasco Chemie Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 148 notice mandatory for search based assessments under new tax regime; Quashes assessment

Apr 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2026(DEL)
  • Tax Payer : Gas Supply Co. Pvt. Ltd
Supreme Court

SC: Accumulated losses of amalgamating co. cannot be set-off against income of amalgamated co. under Kerala Agricultural Act

Apr 14, 2026
  • In Favour of Revenue
  • Citation Number : TS-521-SC-2026
  • Tax Payer : Aspinwall And Co. Ltd
High Court

HC: Validates reassessment notice as corrigendum extended limitation period through third proviso to Sec. 149(1)

Apr 14, 2026
  • In Favour of Revenue
  • Citation Number : TS-522-HC-2026(DEL)
  • Tax Payer : Abhinav Jain
Income tax Appellate Tribunal

ITAT: Grants opportunity to produce valid Mauritius TRC for claiming lower tax rate; Remands matter

Apr 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2026(Ahd)
  • Tax Payer : Ram Krupa Medicare Pvt. Ltd
High Court

HC: Quashes revision as assessment order passed after complete verification of facts & details on record

Apr 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-519-HC-2026(BOM)
  • Tax Payer : Platinum Properties
Income tax Appellate Tribunal

ITAT: Suo-moto change in Assessee’s status from AOP/BOI to co-operative society, beyond scope of Sec. 143(1)

Apr 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2026(Ahd)
  • Tax Payer : Kailash Appartment Flat Owners Association
Income tax Appellate Tribunal

ITAT: Allows Sec. 11 exemption citing activities as charitable, not commercial; Rejects applicability of proviso to Sec. 2(15)

Apr 13, 2026
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2026(Mum)
  • Tax Payer : Vanita Samaj
High Court

HC: Affirms revision u/s 263 as assessment order erroneous due lack of inquiry & incorrect application of law

Apr 13, 2026
  • In Favour of Revenue
  • Citation Number : TS-516-HC-2026(MAD)
  • Tax Payer : Kerala Roadways (P) Ltd
High Court

HC: Criticizes Appellate Authorities' for inventing new reasons not supported by records; Remands bad debt write-off case

Apr 13, 2026
  • In Favour of Revenue
  • Citation Number : TS-515-HC-2026(MAD)
  • Tax Payer : The India Cements Ltd