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Rulings ( 15558 results )

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High Court

HC: Quashes reassessment based on roving inquiry; Disregarding Assessee’s evidence vitiates proceedings

  • In Favour of Assessee
  • Citation Number : TS-1456-HC-2026(TEL)
  • Tax Payer : Naandi Foundation
Income tax Appellate Tribunal

ITAT: Quashes Sec. 270A penalty where reassessment return accepted without addition & explanation found bona fide

  • In Favour of Assessee
  • Citation Number : TS-1455-ITAT-2026(Bang)
  • Tax Payer : KARNATAKA SHEEP AND WOOL DEVELOPMENT CORPORATION LIMITED
Income tax Appellate Tribunal

ITAT: Assessee-trust entitled to Sec.57(iii) deduction towards charitable donation, as Sec. 11/12 exemption not claimed

  • In Favour of Assessee
  • Citation Number : TS-1449-ITAT-2026(Mum)
  • Tax Payer : Rahulkumar Bajaj Charitable Trust
Income tax Appellate Tribunal

ITAT: Lays down nuanced test for genuineness u/s 68; Cites banking trail alone not conclusive

  • In Favour of Both, Partially
  • Citation Number : TS-1453-ITAT-2026(Mum)
  • Tax Payer : Sanobar Infrastructure Private Limited
Income tax Appellate Tribunal

ITAT: Interest-free housing assistance to financially needy persons qualify as ‘relief to the poor’ u/s 2(15)

  • In Favour of Assessee
  • Citation Number : TS-1444-ITAT-2026(Mum)
  • Tax Payer : Kutchi Jain Foundation
Income tax Appellate Tribunal

ITAT: Profit on sale of depreciable asset forms part of ‘book profit’ for partner remuneration u/s 40(b)

  • In Favour of Assessee
  • Citation Number : TS-1443-ITAT-2026(Mum)
  • Tax Payer : Sanjay Distributors
High Court

HC: 18 Key Excerpts from P&H HC judgment striking down JAO-FAO retrospective amendment

  • In Favour of Assessee
  • Citation Number : TS-1442-HC-2026(P & H)
  • Tax Payer : Jyoti Sareen
Income tax Appellate Tribunal

ITAT: Rejects 12.5% profit estimation; Restores 100% addition for unproven bogus purchases

  • In Favour of Revenue
  • Citation Number : TS-1441-ITAT-2026(Mum)
  • Tax Payer : Strawberry Construction Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Rs. 67 Cr. Sec. 69A addition on jewellery, but upholds Rs. 12 lakh brokerage disallowance

  • In Favour of Both, Partially
  • Citation Number : TS-1434-ITAT-2026(Mum)
  • Tax Payer : Anjani Ashok Parikh
Income tax Appellate Tribunal

ITAT: Allows Sec. 54F deduction on house constructed within 3 years of agricultural land sale

  • In Favour of Revenue
  • Citation Number : TS-1440-ITAT-2026(NAG)
  • Tax Payer : Chandra Moreshwar Gaydhane
Income tax Appellate Tribunal

ITAT: Form 26AS mismatch alone cannot trigger rental income addition; Directs year-wise reconciliation

  • In Favour of Assessee
  • Citation Number : TS-1433-ITAT-2026(Mum)
  • Tax Payer : Myra Mall Management Company Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Deletes Sec. 69 addition citing cash deposits sourced from sale of agricultural products

  • In Favour of Assessee
  • Citation Number : TS-1431-ITAT-2026(Bang)
  • Tax Payer : Balakrishnamurthy Ramachandrababu
Income tax Appellate Tribunal

ITAT: Tax payment post-assessment not voluntary; No leeway for under-reporting of income u/s 270A

  • In Favour of Revenue
  • Citation Number : TS-1438-ITAT-2026(Bang)
  • Tax Payer : Karnataka Co-Operative Oil Seeds Growers Federation Limited
Income tax Appellate Tribunal

ITAT: ITAT: Non-refundable MoU payment for sub-judice land dealing constitutes taxable income; Confirms addition

  • In Favour of Revenue
  • Citation Number : TS-1439-ITAT-2026(Ahd)
  • Tax Payer : Amjadali Gazanfarali Bukhari
Income tax Appellate Tribunal

ITAT: ITAT: Mere suspicion over cash accumulation, book rejection u/s 145(3) cannot sustain Sec. 69A addition

  • In Favour of Assessee
  • Citation Number : TS-1437-ITAT-2026(JODH)
  • Tax Payer : Ajay Lunawat
Income tax Appellate Tribunal

ITAT: ITAT: No natural justice breach sans oral-hearing if written submissions duly considered; Rejects Revenue’s MA

  • In Favour of Assessee
  • Citation Number : TS-1435-ITAT-2026(DEL)
  • Tax Payer : Amazon Web Services, Inc
High Court

HC: HC: Paying tax twice over same income constitutes hardship, permits belated revised return u/s 119(2)(b)

  • In Favour of Assessee
  • Citation Number : TS-1436-HC-2026(DEL)
  • Tax Payer : Sojitz Asia Pte. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Audit under LLP Act triggers extended return due-date u/s 139(1), despite turnover below Sec. 44AB threshold

  • In Favour of Assessee
  • Citation Number : TS-1432-ITAT-2026(Mum)
  • Tax Payer : Project Revolt LLP
Income tax Appellate Tribunal

ITAT: ITAT: Profit estimation cannot be ad-hoc; Deletes Rs. 73 lakh suspicion-based additions, admits additional evidence

  • In Favour of Assessee
  • Citation Number : TS-1429-ITAT-2026(Ahd)
  • Tax Payer : Noormohmad Ummarbhai Vohra
Income tax Appellate Tribunal

ITAT: ITAT: Commercial property cannot be treated as residential house for denying Sec. 54F deduction; Allows Sec. 54B benefit

  • In Favour of Assessee
  • Citation Number : TS-1430-ITAT-2026(CHANDI)
  • Tax Payer : Sushil Tiwari