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Rulings ( 15459 results )

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Income tax Appellate Tribunal

ITAT: Pre-schooling activities qualifies as “education” u/s 2(15); Affiliation with competent authority not mandatory for charitable registration

  • In Favour of Assessee
  • Citation Number : TS-1341-ITAT-2026(DEL)
  • Tax Payer : Hans Foundation
Income tax Appellate Tribunal

ITAT: Interest on enhanced land acquisition compensation taxable as ‘Other Sources’ income u/s 56(2)(viii); Follows Mahendra Pal Narang ruling

  • In Favour of Assessee
  • Citation Number : TS-1350-ITAT-2026(CHANDI)
  • Tax Payer : Sudershan Kumar Garg
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition on unexplained loans as primary onus discharged & loan repaid via banking channel

  • In Favour of Assessee
  • Citation Number : TS-1349-ITAT-2026(Mum)
  • Tax Payer : DICET Creative Ventures (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition on forex cash deposits held as business receipts sans any finding of bogus purchases

  • In Favour of Both, Partially
  • Citation Number : TS-1351-ITAT-2026(Kol)
  • Tax Payer : LKPS Forex Private Limited
Income tax Appellate Tribunal

ITAT: Accumulated income u/s 11(2) applied charitably cannot attract tax u/s 115BBI due to reporting mismatch

  • In Favour of Assessee
  • Citation Number : TS-1353-ITAT-2026(Mum)
  • Tax Payer : Council For Fair Business Practices
High Court

HC: Upholds Sun Pharma Sikkim’s Sec. 80IE deduction claim on transfer of undertaking; Rejects Revenue’s business reconstruction allegation

  • In Favour of Assessee
  • Citation Number : TS-1352-HC-2026(GUJ)
  • Tax Payer : Sun Pharma Sikkim
High Court

HC: Holds bona fide delay in return filing cannot deny TDS credit as attributable to pending Advance Ruling outcome

  • In Favour of Assessee
  • Citation Number : TS-1340-HC-2026(DEL)
  • Tax Payer : Late Sh. Dipankar Mohan Ghosh
Income tax Appellate Tribunal

ITAT: Subsequent Sec. 148 return doesn’t erase deemed concealment; Upholds penalty under Explanation 3 to Sec. 271(1)(c)

  • In Favour of Revenue
  • Citation Number : TS-1344-ITAT-2026(COCH)
  • Tax Payer : Valsan Chiyyabath
Income tax Appellate Tribunal

ITAT: AO’s omission or incorrect application of law justifies PCIT’s invocation of Sec. 263 revisionary proceedings

  • In Favour of Assessee
  • Citation Number : TS-1343-ITAT-2026(PAT)
  • Tax Payer : Nikhat Fatma
Income tax Appellate Tribunal

ITAT: Appellate proceeding pertaining to Assessee availing VsV Scheme, liable to be dismissed as withdrawn

  • In Favour of Revenue
  • Citation Number : TS-1329-ITAT-2026(Bang)
  • Tax Payer : Pradeep Kothari
Income tax Appellate Tribunal

ITAT: Rejects dubious claim positioning MHADA land as agricultural; Upholds capital gains liability

  • In Favour of Assessee
  • Citation Number : TS-1339-ITAT-2026(PUN)
  • Tax Payer : Vithalrao Ranganathrao Ambarwadikar
Prohibition of Benami Property Transactions Appellate Tribunal

PBPTAT: Unsubstantiated loan source, fictitious beneficiary render property purchase ‘benami’ u/s 2(9)(D); Affirms PAO

  • In Favour of Revenue
  • Citation Number : TS-1336-PBPTAT-2026(DEL)
  • Tax Payer : Bannoth Laxman
Income tax Appellate Tribunal

ITAT: Receipts from closely held company representing repayment not deemed dividend u/s 2(22)(e)

  • In Favour of Assessee
  • Citation Number : TS-1338-ITAT-2026(Mum)
  • Tax Payer : Deepak Varandmal Wadhwa
Income tax Appellate Tribunal

ITAT: LG Korea's expatriate deputation to Indian subsidiary insufficient to constitute fixed place PE under Art. 5 of DTAA

  • In Favour of Assessee
  • Citation Number : TS-1337-ITAT-2026(DEL)
  • Tax Payer : LG Electronics Inc. Korea
Income tax Appellate Tribunal

ITAT: Sec. 54EC exemption available despite 6-month investment period spanning two FYs

  • In Favour of Assessee
  • Citation Number : TS-1335-ITAT-2026(Kol)
  • Tax Payer : Shiv Kumar Agarwal
Income tax Appellate Tribunal

ITAT: Allows non-encashable accumulated sick leave provision to HP Computing, cites not hypothetical liability

  • In Favour of Assessee
  • Citation Number : TS-1334-ITAT-2026(Bang)
  • Tax Payer : HP Computing And Printing Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Subsequent change in commercial arrangement no ground for Sec. 68 addition; Allows interest on delayed TDS remittance

  • In Favour of Assessee
  • Citation Number : TS-1333-ITAT-2026(Mum)
  • Tax Payer : Smash Factor Sports Private Limited
Income tax Appellate Tribunal

ITAT: Genuine share transaction cannot be treated as colourable device merely due to resulting capital loss

  • In Favour of Assessee
  • Citation Number : TS-1332-ITAT-2026(DEL)
  • Tax Payer : Renu Gupta
Income tax Appellate Tribunal

ITAT: ITAT: Upholds taxability of enhanced compensation interest, but mandates 50% deduction u/s 57(iv)

  • In Favour of Both, Partially
  • Citation Number : TS-1331-ITAT-2026(CHANDI)
  • Tax Payer : Sudershan Kumar Garg
Income tax Appellate Tribunal

ITAT: Quashes reassessment for mechanical Sec. 151 sanction; PCIT’s approval lacked reasons & application of mind

  • In Favour of Assessee
  • Citation Number : TS-1330-ITAT-2026(DEL)
  • Tax Payer : Researchco Reprints