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Rulings ( 14459 results )

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Income tax Appellate Tribunal

ITAT: No separate Sec. 43CA adjustment if Assessee opts for Sec. 44AD presumptive tax & accepted by Revenue

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2026(Mum)
  • Tax Payer : Mukesh Vasantkumar Chandan
Income tax Appellate Tribunal

ITAT: No tax exemption u/s 10(10D) for Keyman insurance maturity; Rules Explanation-1, clarificatory & retrospective

Mar 03, 2026
  • In Favour of Revenue
  • Citation Number : TS-272-ITAT-2026(DEL)
  • Tax Payer : Harsimron Singh Sandhu
Income tax Appellate Tribunal

ITAT: Rules DTVSV settlements qualify for “refund of tax” entitled to interest u/s 244A; Grants refund interest to LIC Housing Finance

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2026(Mum)
  • Tax Payer : LIC Housing Finance Ltd.
Income tax Appellate Tribunal

ITAT: Receipts from software licences sale, not royalty & software maintenance fee not FIS, under India-Canada DTAA

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2026(DEL)
  • Tax Payer : Computer Modelling Group Ltd
Income tax Appellate Tribunal

ITAT: Fair valuation loss claimed in respect of debentures, allowable expenditure u/s 37(1)

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-269-ITAT-2026(Mum)
  • Tax Payer : Nomura Capital (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Rs. 518 Cr. interest disallowance against Tata Steel on loans for foreign acquisition, as incurred for business expansion

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2026(Mum)
  • Tax Payer : Tata Steel Ltd
High Court

HC: Upholds taxation of additional income offered voluntarily post-survey; Rejects Assessee's coercion plea sans retraction

Mar 02, 2026
  • In Favour of Revenue
  • Citation Number : TS-267-HC-2026(KAR)
  • Tax Payer : Narayan Rao Hebri
High Court

HC: Sans inquiry into Trust activities, no registration can be granted u/s 12AB & 80G; Remands matter to CIT(E)

Mar 02, 2026
  • In Favour of Revenue
  • Citation Number : TS-266-HC-2026(DEL)
  • Tax Payer : Kush Innovative Foundation
Income tax Appellate Tribunal

ITAT: Incorrect reliance on proviso to Section 194A constitutes ‘mistake apparent from record’ rectifiable u/s 254(2)

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2026(Mum)
  • Tax Payer : Abhyudaya Co-operative Bank Ltd
High Court

HC: Upholds capital gains on unlisted shares, sans evidence for "sham transaction"; Rejects PCIT’s stock-in-trade plea

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-264-HC-2026(CAL)
  • Tax Payer : Russel Credit Limited
Income tax Appellate Tribunal

ITAT: Condones delay in filing appeal given ‘sufficient cause’ showcased by Assessee; Substantial justice supersedes procedural laws

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2026(AGR)
  • Tax Payer : Ambah Co-operative Marketing Society
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271(1)(c) penalty where Nil return filed under bona fide belief of non-existence of PE

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2026(DDN)
  • Tax Payer : Seabird Exploration FZLLC
High Court

HC: Condones 423 days bonafide delay in filing Form No. 10 sans statutory time limit

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-262-HC-2026(BOM)
  • Tax Payer : Francis Xavier Church
High Court

HC: Quashes reassessment on unexplained loan repaid via banking & onus discharged u/s 68

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-261-HC-2026(GUJ)
  • Tax Payer : Laxmi Infra Developers Limited
High Court

HC: Quashes reassessment based solely on vague 'Tax Evasion Petition' sans tangible material & corroborative evidence

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-260-HC-2026(GUJ)
  • Tax Payer : Shah Nanchandbhai Ranchhoddas Choksi
High Court

HC: Sec. 263 order unsustainable where AO made due enquiry & took plausible view

Feb 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-259-HC-2026(TEL)
  • Tax Payer : VST Industries Ltd
Income tax Appellate Tribunal

ITAT: Rebates given by builder a contractual concession for timely payment, not real income; Deletes addition u/s 56(1)

Feb 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2026(DEL)
  • Tax Payer : Satya Prasan Rajguru
Income tax Appellate Tribunal

ITAT: Two possible views on a position of law, not ‘mistake apparent from record’ addressable by rectification u/s 154

Feb 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2026(LKW)
  • Tax Payer : Dinesh Chand Jain
Income tax Appellate Tribunal

ITAT: Incorrect invocation of Sec. 13(1)(c) as university recipient of grant, not related person u/s 13(3)

Feb 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-255-ITAT-2026(DEL)
  • Tax Payer : Hriday
Income tax Appellate Tribunal

ITAT: Can’t deny DTAA benefit on ‘flimsy objections’; Quashes reassessment given twin conditions u/s 263 unmet

Feb 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2026(DEL)
  • Tax Payer : Sandstone Investment Partners I