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Rulings ( 14473 results )

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Income tax Appellate Tribunal

ITAT: Rejects profit estimation basis contradictory stand taken by Revenue; Deletes addition

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2026(Bang)
  • Tax Payer : Devadas Anup
Income tax Appellate Tribunal

ITAT: Sec. 153C notice issued after gap of 10-months from assessment order of searched person, invalid

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2026(HYD)
  • Tax Payer : Fayaz Mohammed
Income tax Appellate Tribunal

ITAT: Notice u/s 143(2) invalid citing lack of pecuniary jurisdiction as per CBDT instruction; Quashes assessment

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2026(DEL)
  • Tax Payer : Balraj Sharma
Income tax Appellate Tribunal

ITAT: Outstanding trade liability recorded in books sans write-back or remission not cessation u/s 41(1)

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2026(Mum)
  • Tax Payer : Max Media Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Grants exemption u/s 54F as possession of new property taken within 2 years from original-asset sale

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2026(Mum)
  • Tax Payer : Kishore Anand Shetty
Income tax Appellate Tribunal

ITAT: Mere retraction of admission insufficient to vacate additions; Confirms unexplained cash addition citing incriminating material

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-285-ITAT-2026(PAN)
  • Tax Payer : Bagkiya Construction Pvt. Ltd
Income tax Appellate Tribunal

ITAT: No reassessment possible against non-existent company post-amalgamation; Quashes proceedings

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2026(DEL)
  • Tax Payer : Surya Medi Tech Ltd
High Court

HC: Surplus funds generation doesn't automatically violate Trust’s objects u/s 12AA(3)

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-283-HC-2026(P & H)
  • Tax Payer : Baba Gandha Singh Education Trust
Income tax Appellate Tribunal

ITAT: New house constructed replacing old house under JDA, constitutes transfer; Assessee eligible for indexed COA

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2026(Mum)
  • Tax Payer : Seeta Nayyar
Income tax Appellate Tribunal

ITAT: Digital platform outside India defeats Fixed Place PE claim; Booking.com’s commission not taxable in India

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-281-ITAT-2026(DEL)
  • Tax Payer : BOOKING.COM B.V.
Income tax Appellate Tribunal

ITAT: Bridging the digital divide, restores matter holding digital illiteracy valid ground for non-response to e-notices

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2026(Mum)
  • Tax Payer : Bharti Nehru Kariya
Income tax Appellate Tribunal

ITAT: Rejects sympathy as ground for condoning inordinate delay; Rules Revenue deserve equal protection under limitation law

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2026(Mum)
  • Tax Payer : Sonmrug Co-operative Housing Society Ltd
Income tax Appellate Tribunal

ITAT: Transaction not ‘bogus’ as amount returned through proper banking channel; Conditions u/s 68 satisfied

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2026(DEL)
  • Tax Payer : ICMC Projects P. Ltd
Income tax Appellate Tribunal

ITAT: Penny stock gains do not align with business operations; Confirms Sec. 68 addition over lack of genuineness

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2026(Mum)
  • Tax Payer : Nishit Praful Gogri
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