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Rulings ( 14308 results )

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Income tax Appellate Tribunal

ITAT: Penalty u/s 43 of BMA, discretionary & cannot be levied automatically; Restores issue to AO

Feb 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-1766-ITAT-2025(Bang)
  • Tax Payer : Madhu Gupta
Income tax Appellate Tribunal

ITAT: ITAT: No Sec. 234C interest if advance tax paid on due date; Date of credit to department beyond Assessee's control

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2026(Mum)
  • Tax Payer : Sporta Technologies Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Non-issuance of jurisdictional notice u/s 143(2) by appropriate authority, fatal & incurable defect; Quashes assessment

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2026(Mum)
  • Tax Payer : Svadeshi Enterprises
Income tax Appellate Tribunal

ITAT: ITAT: Directs fresh verification of pre-BMA foreign investments, holds FEMA compounding not tax immunity

Feb 03, 2026
  • In Favour of Revenue
  • Citation Number : TS-1765-ITAT-2025(Bang)
  • Tax Payer : Ullal Kojabba Monu
High Court

HC: HC: Criticizes Revenue for ignoring amalgamation notice; Rejects 'technical glitch' excuse for assessing non-existent entity

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-118-HC-2026(BOM)
  • Tax Payer : Paras Defence and Space Technologies Ltd
Income tax Appellate Tribunal

ITAT: Writing back decade-old loan is ‘consequential entry’, not unexplained cash credit; Deletes Sec.68 addition

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2026(Mum)
  • Tax Payer : Antara Tushar Motiwala
Income tax Appellate Tribunal

ITAT: Substantial payment to developer creates transferable right over property to Assessee on husband's demise

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-116-ITAT-2026(DEL)
  • Tax Payer : Anshu Dhawan
High Court

HC: AO's attempt of exhuming settled amounts beyond SCN scope; Quashes reassessment notice & order

Feb 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-115-HC-2026(GUJ)
  • Tax Payer : Guruvayur Infratech Private Limited
High Court

HC: Belief u/s 148 bereft of legal basis, no link in material & formation of belief; Quashes notice u/s 148

Feb 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-114-HC-2026(BOM)
  • Tax Payer : Shantilal Gulabchand Muttha
Income tax Appellate Tribunal

ITAT: ITAT: Notice issued u/s 143(2) by non-jurisdictional officer, an incurable defect, renders assessment illegal & void

Feb 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2026(Mum)
  • Tax Payer : Vinod Ramnath Rao
Income tax Appellate Tribunal

ITAT: ITAT: ITAT: No commercial substance, no treaty relief; Denies grandfathering benefits for sham Singapore-HK-China structure

Feb 01, 2026
  • In Favour of Revenue
  • Citation Number : TS-112-ITAT-2026(DEL)
  • Tax Payer : Hareon Solar Singapore Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 56(2)(vii)(b) addition unsustainable on agricultural land, excluded from capital asset u/s 2(14)

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2026(DEL)
  • Tax Payer : Vikas Agarwal
Income tax Appellate Tribunal

ITAT: AO not empowered to reopen, revise, or rectify the assessment u/s 154 post settlement under DTVsV

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-106-ITAT-2026(DEL)
  • Tax Payer : ICRA Ltd
Income tax Appellate Tribunal

ITAT: Providing essential facilities in IT/Software Park qualifies as PGBP, not income from house property

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2026(DEL)
  • Tax Payer : Advant IT Park Private Ltd
Income tax Appellate Tribunal

ITAT: Penalty towards delayed supply to Government, compensatory in nature, allowable u/s 37(1)

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2026(DEL)
  • Tax Payer : AXA Parenterals Limited
High Court

HC: Quashes criminal prosecution post compounding; Inordinate delay makes continued TDS prosecution an abuse of criminal process law

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-110-HC-2026(CAL)
  • Tax Payer : Jyotsana Investments Company Limited
Income tax Appellate Tribunal

ITAT: Declines 297 days delay condonation; Rejects Assessee’s plea of management change sans corroborative evidence

Jan 31, 2026
  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2026(HYD)
  • Tax Payer : Agricultural Market Committee
Income tax Appellate Tribunal

ITAT: ITAT: Penalty is quasi-criminal; Clear & specific satisfaction is sine qua non for levy u/s 271(1)(c)

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2026(Mum)
  • Tax Payer : Alka Ashok Jagtap
High Court

HC: Search in FY 2024-25 cannot trigger reassessment for AY 2015-16 due to limitation bar; Quashes reassessment notice

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-104-HC-2026(GUJ)
  • Tax Payer : Jayantibhai Karamshibhai Maniya
Income tax Appellate Tribunal

ITAT: Automatic re-investment of dividends doesn't create ‘undisclosed assets’; Deletes BMA addition

Jan 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2026(Mum)
  • Tax Payer : Ketan Ramesh Dhamanaskar