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Rulings ( 14949 results )
Income tax Appellate Tribunal
ITAT: Denies Sec. 80P deduction for invalid belated ITR filed after completion of assessment
Jun 06, 2026
- In Favour of Revenue
- Citation Number : TS-808-ITAT-2026(Bang)
- Tax Payer : Adat Farmers Service Co-operative Bank Ltd
High Court
HC: Upholds Sec. 69 addition on unexplained investment lacking transfer or ownership documents
Jun 06, 2026
- In Favour of Revenue
- Citation Number : TS-822-HC-2026(MAD)
- Tax Payer : Seyadu Beedi Company
Income tax Appellate Tribunal
ITAT: Unexplained cash addition solely on third party statement, unsustainable; Sec. 132(4A) presumption inapplicable sans corroboration, cross-examination
Jun 06, 2026
- In Favour of Assessee
- Citation Number : TS-819-ITAT-2026(DEL)
- Tax Payer : Jagdeep Singh Gill
Income tax Appellate Tribunal
ITAT: Confirms Sec. 69A addition towards cash deposit during demonetization, relying on unbiased google data used by AO
Jun 05, 2026
- In Favour of Revenue
- Citation Number : TS-827-ITAT-2026(DEL)
- Tax Payer : Garima Leather Exports
Income tax Appellate Tribunal
ITAT: No time limit extension by TOLA for Black Money Act assessments; Holds assessment order u/s 10(3) as time-barred
Jun 05, 2026
- In Favour of Assessee
- Citation Number : TS-826-ITAT-2026(DEL)
- Tax Payer : Bindu Todi
Income tax Appellate Tribunal
ITAT: FMV of tenancy rights on surrender date constitutes CoA of permanent alternate accommodation under redevelopment
Jun 05, 2026
- In Favour of Assessee
- Citation Number : TS-823-ITAT-2026(Mum)
- Tax Payer : Sarjit Ghanshyam Desai
High Court
HC: Foreign remittance by Vedanta to NR parent company not allowable as reimbursement sans break-up of expenses
Jun 05, 2026
- In Favour of Revenue
- Citation Number : TS-821-HC-2026(MAD)
- Tax Payer : Vedanta Limited, (Successor in Interest to Cairn India Limited)
Income tax Appellate Tribunal
ITAT: Oyo's FEMA compliant investments aren’t unaccounted money; Deletes addition u/s 56(2)(viib) rejecting share revaluation
Jun 05, 2026
- In Favour of Assessee
- Citation Number : TS-820-ITAT-2026(DEL)
- Tax Payer : OYO Hotels And Homes Private Limited
Income tax Appellate Tribunal
ITAT: ITAT: Not ‘wholly & substantially financed by Government’ if grant is below 50%; Ineligible for exemption u/s 10(23C)(iiiab)
Jun 04, 2026
- In Favour of Revenue
- Citation Number : TS-813-ITAT-2026(RAI)
- Tax Payer : Hidayatullah National Law University HNLU Campus
Income tax Appellate Tribunal
ITAT: Rejects invocation of revisionary proceedings to determine profits u/s 43CB, as inapplicable to builder/developer
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-818-ITAT-2026(Mum)
- Tax Payer : Jaydeep Construction
Income tax Appellate Tribunal
ITAT: ITAT: Employees’ five day visit not sufficient to establish existence of PE; No income attributable to Imax Corporation
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-817-ITAT-2026(DEL)
- Tax Payer : IMAX Corporation
Income tax Appellate Tribunal
ITAT: Holds Sec. 40A(2)(b) inapplicable on debenture interest paid to AIF; Directs AO to exercise power u/s 133(6)
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-815-ITAT-2026(Bang)
- Tax Payer : Cashfree Payment India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes Jet Lite disallowance as spare parts repair provision is routine expense in airline sector
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-816-ITAT-2026(DEL)
- Tax Payer : Jet Lite (India) Limited
Income tax Appellate Tribunal
ITAT: ITAT: Validates assumption of jurisdiction u/s 263 as AO allowed excess Sec. 36(1)(vii) deduction without due examination
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-814-ITAT-2026(CHNY)
- Tax Payer : Shriram Finance Ltd., [Formerly known as Shriram Transport Finance Company Limited]
Income tax Appellate Tribunal
ITAT: ITAT: Procedural lapse cannot obliterate treaty relief; Grants FTC credit on rental income
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-812-ITAT-2026(Mum)
- Tax Payer : Jean Christophe Pierre Andre Letellier
Income tax Appellate Tribunal
ITAT: Excise/GST subsidy refund under New Industrial Policy for J&K constitutes non-taxable capital receipt
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-811-ITAT-2026(DEL)
- Tax Payer : Jakson Limited
Income tax Appellate Tribunal
ITAT: ITAT: Unexplained on-money addition invalid without cross-examination and independent seized document corroboration
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-807-ITAT-2026(Mum)
- Tax Payer : Mayuri Hitendra Shah
Income tax Appellate Tribunal
ITAT: Allows Sec. 80P deduction on interest income from deposits with co-operative banks
Jun 04, 2026
- In Favour of Assessee
- Citation Number : TS-805-ITAT-2026(Mum)
- Tax Payer : New Satara Zilla Nagrik Multistate Multipurpose Cooperative Society Ltd
Income tax Appellate Tribunal
ITAT: ITAT: Confirms rejection of Trust registration over missing irrevocability clause & Sec. 12AB(4) specified violation
Jun 04, 2026
- In Favour of Revenue
- Citation Number : TS-809-ITAT-2026(Mum)
- Tax Payer : Ramanlal Shah (Pradipkumar & CO.) Religious Trust
Income tax Appellate Tribunal
ITAT: ITAT: Refuses to condone 83-day delay in appeal sans condonation petition and sufficient cause
Jun 03, 2026
- In Favour of Revenue
- Citation Number : TS-803-ITAT-2026(Mum)
- Tax Payer : Commissioner State CET Cell Maharashtra State Mumbai