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Rulings ( 15043 results )

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High Court

HC: Systemic tech failures cannot deny Assessee's statutory rights; Grants refund interest u/s 244A till payment date

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-917-HC-2026(BOM)
  • Tax Payer : Bedmutha Industries Limited
Income tax Appellate Tribunal

ITAT: Legal services by law-firms, not FTS; Deletes addition pertaining to profit share of non-UK partners

Jun 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-920-ITAT-2026(DEL)
  • Tax Payer : Herbert Smith Freehills LLP
Income tax Appellate Tribunal

ITAT: Sans presumptive hallmarks of sham transaction, Assessee entitled to LTCG exemption; Addition u/s 68 unjustified

Jun 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-919-ITAT-2026(JODH)
  • Tax Payer : Madan Lal Paliwal
High Court

HC: Unsubstantiated belated retraction of statement u/s 132(4) by filing ITR/explanations, unacceptable; Confirms addition u/s 69

Jun 22, 2026
  • In Favour of Revenue
  • Citation Number : TS-918-HC-2026(KAR)
  • Tax Payer : Kudlur Ramaswamy Sathyanarayana
Income tax Appellate Tribunal

ITAT: Purchase of subsidiary's units not strategic business transaction but investment, sales profit taxable as “Capital Gain”

Jun 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2026(Mum)
  • Tax Payer : Kohinoor Planet Constructions Private Limited
Income tax Appellate Tribunal

ITAT: No separate approval required by Gemological Institute as transaction under automatic route; Allows lower rate u/s 115A(1)(b)

Jun 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-914-ITAT-2026(Mum)
  • Tax Payer : Gemological Institute International Inc
Income tax Appellate Tribunal

ITAT: Agricultural land constitutes capital asset u/s 2(14)(iii), given statutory criterion for population & distance is fulfilled

Jun 22, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-912-ITAT-2026(CHNY)
  • Tax Payer : Narayanan Sundaramahalingam Rajkumar
Income tax Appellate Tribunal

ITAT: Partly deletes Sec. 69A addition; Cash already taxed in preceding AY cannot be taxed again

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-911-ITAT-2026(CHNY)
  • Tax Payer : Sengodan Govindarajan
Income tax Appellate Tribunal

ITAT: Restricts Sec. 69A cash-deposit addition to 15% being profit element from transport receipts; Gross turnover cannot be taxed

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2026(CHNY)
  • Tax Payer : Sennakrishnan Venkatachalam
Income tax Appellate Tribunal

ITAT: ITAT: Application filed for registration u/s 80G(5) post-amendment valid, cites within timeframe as per CBDT circulars

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-888-ITAT-2026(ASR)
  • Tax Payer : Kukreja Charitable Foundation
High Court

HC: HC: Remands Sec. 119(2)(b) condonation plea rejected mechanically by applying subsequent restrictive CBDT circular

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-910-HC-2026(KER)
  • Tax Payer : SURESH VELU ELLATHUKALATHIL
High Court

HC: HC: Quashes reassessment on Sec. 80-IA deduction, as accepted during original assessment; Change of opinion impermissible

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-906-HC-2026(BOM)
  • Tax Payer : Chennai Container Terminal Pvt.Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Restricts Sec. 69A addition on agricultural overdraft cash deposits to 50% sans contrary material/evidence

Jun 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-913-ITAT-2026(CHNY)
  • Tax Payer : Govindaraj Ravichandran
Income tax Appellate Tribunal

ITAT: ITAT: Sans actual fund misutilization abroad Sec. 11 violations cannot be presumed; Allows Sec. 12AB registration

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-909-ITAT-2026(Mum)
  • Tax Payer : Inspira Global Foundation
Income tax Appellate Tribunal

ITAT: ITAT: Cannot deny exemption u/s 54 on hypertechnical grounds; Beneficial provision deserves liberal interpretation

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2026(CHNY)
  • Tax Payer : Palani Vel Rajan
Income tax Appellate Tribunal

ITAT: ITAT: Withholding condoned delay refunds tantamounts to unjust enrichment by Revenue; Allows TDS refund

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-892-ITAT-2026(DEL)
  • Tax Payer : Gurcharan Singh Bhatia
Income tax Appellate Tribunal

ITAT: ITAT: WhatsApp chats, alone, insufficient evidence sans supporting corroborative material; Deletes additions

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-887-ITAT-2026(Ahd)
  • Tax Payer : Dhaval Patel
Income tax Appellate Tribunal

ITAT: ITAT: Receiving NCD interest from buyer instead of issuer doesn't alter tax character; Taxable as IFoS, not capital gains

Jun 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2026(DEL)
  • Tax Payer : Macquarie SBI Infrastructure Investments Pte Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Disallows derivative loss as non-genuine basis co-ordinated & premediated bogus trading

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2026(DEL)
  • Tax Payer : Ravi Prakash Aggarwal
Income tax Appellate Tribunal

ITAT: Sec. 54 deduction allowable on allotment of under-construction flat despite non-possession & non-registration

Jun 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2026(Mum)
  • Tax Payer : Vaibhav Vijay Sawant