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Income tax Appellate Tribunal
Latest
ITAT: Complete documentary evidence negates bogus LTCG allegation; Deletes Sec. 69A addition
May 21, 2026
- In Favour of Assessee
- Citation Number : TS-730-ITAT-2026(Mum)
- Tax Payer : Jitendra Udaylal Jain
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s power under Finance Act 2024 to remand best judgment assessment orders u/s 144
May 21, 2026
- In Favour of Assessee
- Citation Number : TS-729-ITAT-2026(DEL)
- Tax Payer : Sudhir Kumar
Income tax Appellate Tribunal
ITAT: Rejects first time exemption claim u/s 11&12 in returns filed in response to notice u/s 148, sans original return
May 20, 2026
- In Favour of Revenue
- Citation Number : TS-726-ITAT-2026(CHANDI)
- Tax Payer : The Punjab State Board of Technical Education & Industrial Training
Income tax Appellate Tribunal
ITAT: Reassessment vitiated due to non-application of independent mind & borrowed satisfaction
May 20, 2026
- In Favour of Assessee
- Citation Number : TS-727-ITAT-2026(Ahd)
- Tax Payer : Chandrakant Kantilal Patel (HUF)
High Court
HC: Telephone & car expenses having nexus with company’s business, not of personal nature; Deletes disallowance u/s 37(1)
May 20, 2026
- In Favour of Assessee
- Citation Number : TS-724-HC-2026(DEL)
- Tax Payer : Raunaq International Ltd
Income tax Appellate Tribunal
ITAT: No ‘under-reporting’ u/s 270A when assessed income equals income disclosed u/s 148; Quashes penalty
May 20, 2026
- In Favour of Assessee
- Citation Number : TS-725-ITAT-2026(DEL)
- Tax Payer : Pravesh Aggarwal
Income tax Appellate Tribunal
ITAT: Quashes Sec. 270A penalty order passed in laconic manner sans consideration of complex legal issue
May 20, 2026
- In Favour of Assessee
- Citation Number : TS-722-ITAT-2026(NAG)
- Tax Payer : Ajay Maheshwari
Income tax Appellate Tribunal
ITAT: Sec. 234C interest not leviable before commencement of business operations and income accrual; Remands for re-computation
May 20, 2026
- In Favour of Assessee
- Citation Number : TS-721-ITAT-2026(Mum)
- Tax Payer : Capgemini IT Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Cadila Pharma subject to pre-amended Sec. 35(2AB) for AY 2013-14; Deduction not restricted to Form 3CL amount
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-718-ITAT-2026(Ahd)
- Tax Payer : Cadila Pharmaceuticals Ltd
Income tax Appellate Tribunal
ITAT: Pass-through JV entity eligible for Sec. 80IA deduction; Direct government contracts not necessary
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-717-ITAT-2026(HYD)
- Tax Payer : Navayuga Engineering Company Limited
Income tax Appellate Tribunal
ITAT: Acquired business workforce by TV Today, 'intangible asset' eligible for depreciation; Allows migration fee as revenue expenditure
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-716-ITAT-2026(DEL)
- Tax Payer : T.V. Today Network Limited
Income tax Appellate Tribunal
ITAT: Remands Britannia's dividend taxability case to verify non-resident TRCs & PE declarations
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-715-ITAT-2026(Kol)
- Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal
ITAT: Compensation received for surrendering right to sue is non-taxable capital receipt
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-714-ITAT-2026(Kol)
- Tax Payer : Belani Housing Development Limited
Income tax Appellate Tribunal
ITAT: Deletes ‘on-money’ addition as no flats sold in relevant AY; Cites AO exceeded specific remand direction
May 19, 2026
- In Favour of Assessee
- Citation Number : TS-713-ITAT-2026(Mum)
- Tax Payer : Mumbai Shelter Housing Development Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Reassessment notice issued before NCLT restores struck-off company, bad in law
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-712-ITAT-2026(DEL)
- Tax Payer : Metlon India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Assessee, key person in company, not owner of unaccounted cash; Cannot invoke Sec. 69A provisions
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-711-ITAT-2026(DEL)
- Tax Payer : Dolly Kumar
Income tax Appellate Tribunal
ITAT: Sets-aside CIT(A) order; Cites no tax relief for SEBI debarred manipulator, confirms addition @5% of commission
May 18, 2026
- In Favour of Revenue
- Citation Number : TS-710-ITAT-2026(Mum)
- Tax Payer : Santosh Deshmal Oswal
Income tax Appellate Tribunal
ITAT: Generation Based Incentive receipts, directly linked with business activity, eligible for Sec. 80-IA deduction
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-709-ITAT-2026(Bang)
- Tax Payer : Sokke Kaliveerappa Shivaraj
Income tax Appellate Tribunal
ITAT: Reasons recorded for re-opening, invalid, sans PCIT’s approval & without tangible material
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-700-ITAT-2026(Rjt)
- Tax Payer : Prafulla Jagdishchandra Sedani
Supreme Court
SC: Copy of SC order dismissing Revenue's Engineering Analysis review petition on software taxation
May 18, 2026
- In Favour of Assessee
- Citation Number : TS-708-SC-2026
- Tax Payer : Engineering Analysis Centre Of Excellence Private Limited Etc