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Rulings ( 14644 results )

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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
Income tax Appellate Tribunal

ITAT: Income of Bank under liquidation accrues to liquidator not DICGC; Rejects diversion of income by overriding title plea

Apr 13, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2026(Ahd)
  • Tax Payer : The Madhavpura Mercantile Co Op Bank Limited (Under Liquidation)
Income tax Appellate Tribunal

ITAT: Addition basis wrong classification in ITR due to inadvertent mistake, unsustainable

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2026(DEL)
  • Tax Payer : Rinchen Zangpo Endowment Society
Income tax Appellate Tribunal

ITAT: Sec. 143(2) notice issued by non-jurisdictional AO renders assessment void ab initio

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2026(DEL)
  • Tax Payer : Rachit Jain
Income tax Appellate Tribunal

ITAT: Reassessment based on Investigation Wing report sans independent inquiry invalid

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2026(DEL)
  • Tax Payer : Vishwanath Agarwal
Income tax Appellate Tribunal

ITAT: ITAT: TDS credit allowable despite timing mismatch between income recognition & deduction year, subject to verification

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2026(DEL)
  • Tax Payer : BPTP Limited
Income tax Appellate Tribunal

ITAT: Cooperative society receiving interest from another society is eligible for deduction u/s 80P(2)(d)

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2026(Bang)
  • Tax Payer : Hotel Maleekara Pattina Souharda Sahakaari Sangha Niyamitha
Income tax Appellate Tribunal

ITAT: Penalty u/s 271(1)(c) unsustainable due to inconsistency between initiation & final levy of penalty; Relies on Manjunatha Cotton judgment

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2026(HYD)
  • Tax Payer : Tulip Granites Pvt Ltd
High Court

HC: Assessee entitled to new-tax regime benefits u/s 115BBA despite 13 days delay in filing Form 10IC; Substantive right prevails over procedural requirement

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-510-HC-2026(BOM)
  • Tax Payer : Srivatsa Encivil Pvt. Ltd
High Court

HC: Interest on temporarily parked project funds, intrinsically linked to setup, non-taxable capital receipt

Apr 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-508-HC-2026(DEL)
  • Tax Payer : VNG Automotive P. Ltd
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Benami transaction may emanate from disclosed/legitimate income; Illegal /unaccounted money existence not prerequisite

Apr 10, 2026
  • In Favour of Revenue
  • Citation Number : TS-507-PBPTAT-2026(DEL)
  • Tax Payer : Swagatma Enclave Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remands Sec. 80P dispute for de novo adjudication due to PAN status error; Imposes cost on Assessee

Apr 10, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2026(Bang)
  • Tax Payer : Bhuvaneshwari Co-op. Credit Society Ltd