Direct tax Rulings

In Favour of Assessee
Citation Number : TS-1253-HC-2026(DEL)
Tax Payer : Aricent Technologies Holding Ltd (Formerly Known As Flextronics Software System Ltd

Income tax Appellate Tribunal

ITAT: Organized receipts don't turn charitable trust into commercial venture; Grants Sec. 12AB registration to ‘ISKCON’

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1252-ITAT-2026(Mum)
Tax Payer : International Society for Krishna Consciousness

Income tax Appellate Tribunal

ITAT: Grants final opportunity to Assessee subject to plantation of 500 trees; CIT(A) order to revive on non-compliance

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1249-ITAT-2026(CHANDI)
Tax Payer : Ranbir Singh

High Court

HC: BIOSOT performing sovereign welfare functions immune from Union taxation under Article 289(1); Quashes notice u/s 226(3)

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1248-HC-2026(TEL)
Tax Payer : The Biodiversity Conservation Society of Telangana (BIOSOT)

Income tax Appellate Tribunal

ITAT: Disallowance u/s 43B unsustainable on unclaimed GST liability in profit & loss account

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1244-ITAT-2026(Bang)
Tax Payer : M Monks Digital Media

Income tax Appellate Tribunal

ITAT: Upholds Sec. 263 revision for AO's failure to invoke Sec. 69A/69B on undisclosed investment & cash

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1225-ITAT-2026(PAT)
Tax Payer : Mohammed Tanweer Alam

Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A protective addition for seized jewellery, as already substantively assessed in owner’s hands

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1242-ITAT-2026(Mum)
Tax Payer : Dev Kishan Joshi

Income tax Appellate Tribunal

ITAT: TDS deduction or payer’s accounting treatment cannot establish accrual of income sans any proof of services rendered; Deletes addition

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1243-ITAT-2026(Mum)
Tax Payer : Ajr Oil And Gas Engineering Services

Income tax Appellate Tribunal

ITAT: Sets aside Sec. 271B penalty for F&O turnover verification under ICAI Guidance Note; Remits back for denovo adjudication

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1240-ITAT-2026(Mum)
Tax Payer : Yashwant Hiralal Thakar

High Court

HC: Quashes CIT(A), ITAT orders on incorrect tax computation; Directs fresh Sec. 234B interest calculation

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1227-HC-2026(DEL)
Tax Payer : Maharishi Education Corporation Pvt Ltd

Income tax Appellate Tribunal

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

Aug 17, 2026

In Favour of Assessee
Citation Number : TS-1247-ITAT-2026(Ahd)
Tax Payer : Shree Saras Spices And Food Private Limited

Filters

Rulings ( 15015 results )

ITAT: Rejects assessee's M.A. seeking rectification basis co-ordinate bench ruling not expressly pleaded

ITAT: TDR sale proceeds taxable as capital gains; Cost of acquisition attributable to surrendered land

ITAT: Incomparable entities cannot justify books of accounts rejection u/s 145(3); Upholds 8% estimated profit rate

ITAT: Equity & preference shares carry different rights, cannot be valued alike; Rejects price substitution for capital gains

HC: Sans specific donor directions, Trust's FD interest taxable; Distinguishes Mata Amrithanandamayi ratio

ITAT: Sec. 12A registration rejection on quashed grounds violates Judicial Discipline; Sets aside PCIT’s arbitrary order

ITAT: No PE for Bloomberg in India, rejects Revenue's Service/DAPE charge

SC: Dismisses Revenue SLP on taxability of live telecast rights as royalty

HC: Cannot invoke 'extraordinary' writ jurisdiction to test sufficiency of every SCN; Dismisses re-assessment challenge

HC: Sec. 10B export profit computation confined to deduction, doesn't restrict inter-unit loss set-off

ITAT: Organized receipts don't turn charitable trust into commercial venture; Grants Sec. 12AB registration to ‘ISKCON’

ITAT: Grants final opportunity to Assessee subject to plantation of 500 trees; CIT(A) order to revive on non-compliance

HC: BIOSOT performing sovereign welfare functions immune from Union taxation under Article 289(1); Quashes notice u/s 226(3)

ITAT: Disallowance u/s 43B unsustainable on unclaimed GST liability in profit & loss account

ITAT: Upholds Sec. 263 revision for AO's failure to invoke Sec. 69A/69B on undisclosed investment & cash

ITAT: Deletes Sec. 69A protective addition for seized jewellery, as already substantively assessed in owner’s hands

ITAT: TDS deduction or payer’s accounting treatment cannot establish accrual of income sans any proof of services rendered; Deletes addition

ITAT: Sets aside Sec. 271B penalty for F&O turnover verification under ICAI Guidance Note; Remits back for denovo adjudication

HC: Quashes CIT(A), ITAT orders on incorrect tax computation; Directs fresh Sec. 234B interest calculation

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