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Rulings ( 15162 results )

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Income tax Appellate Tribunal Latest

ITAT: Interest on borrowings for IBC auctioned stock-in-trade allowable as business expenditure u/s 36(1)(iii)

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1392-ITAT-2026(Bang)
  • Tax Payer : Bachangada Nachappa Monnappa
Income tax Appellate Tribunal

ITAT: Allows Sec. 35 deduction for R&D building construction used for scientific-research related to Assessee’s business

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1410-ITAT-2026(Mum)
  • Tax Payer : Bhansali Engineering Polymers Limited
Income tax Appellate Tribunal

ITAT: One-time compensation for diminution in value of unexercised ESOPs on PhonePe divestment not taxable as perquisite

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1414-ITAT-2026(Mum)
  • Tax Payer : Ankit Jain
High Court

HC: Quashes AO's colorable exercise of DVO reference to artificially extend assessment limitation period

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1412-HC-2026(GUJ)
  • Tax Payer : Slimtile Private Limited
Income tax Appellate Tribunal

ITAT: Upholds reassessment based on Investigation Wing report revealing accommodation-entry loan, sustains addition

Sep 07, 2026
  • In Favour of Revenue
  • Citation Number : TS-1377-ITAT-2026(Mum)
  • Tax Payer : Manav Developers
Income tax Appellate Tribunal

ITAT: Diamond grading services not FTS under I-T Act, DTAA; Deletes Sec. 201(1) demand & consequential interest

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1409-ITAT-2026(Mum)
  • Tax Payer : Hari Krishna Exports Private Limited
Income tax Appellate Tribunal

ITAT: Restricts personal-use disallowance of motor car expenses to 5%; Deletes car loan interest disallowance u/s 36(1)(iii)

Sep 07, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-1407-ITAT-2026(SUR)
  • Tax Payer : Shakti Infra
Income tax Appellate Tribunal

ITAT: Organizing golf tournaments integral to charitable sporting activity u/s 2(15); Directs registration u/s 12AB

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1408-ITAT-2026(DEL)
  • Tax Payer : Womens Golf Association Of India
Income tax Appellate Tribunal

ITAT: Disclosed firm profit credited to partners’ capital not unexplained cash credit; Deletes Sec. 68 addition

Sep 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-1406-ITAT-2026(JPR)
  • Tax Payer : Arun Udyoga Mansarover Rameshwarm Parisar
Income tax Appellate Tribunal

ITAT: DVO valuation matching consideration precludes Sec. 56(2)(vii)(b) addition; Co-owners require parity valuation

Sep 07, 2026
  • In Favour of Revenue
  • Citation Number : TS-1405-ITAT-2026(Mum)
  • Tax Payer : Archana Santosh Pandey
High Court

HC: Condones 2-day delay in Form 10B filing, restores Sec. 11 exemption of religious trust

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1380-HC-2026(BOM)
  • Tax Payer : Shree Hararwala Building Shwetamber
High Court

HC: Quashes reassessment over unsigned & undated Sec. 148 notice; Revenue failed to disprove claim of unsigned notice

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1396-HC-2026(BOM)
  • Tax Payer : The Saraswat Co-operative Bank Ltd
Income tax Appellate Tribunal

ITAT: Refuses to condone 11 years delay to former cricketer; Subsequent favourable ruling cannot excuse prolonged conscious inaction

Sep 05, 2026
  • In Favour of Revenue
  • Citation Number : TS-1397-ITAT-2026(Mum)
  • Tax Payer : Sandeep Madhusudan Patil
Income tax Appellate Tribunal

ITAT: Sec. 12AB renewal cannot be denied where payments for asset protection neither divert funds nor benefit trustees

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1395-ITAT-2026(DEL)
  • Tax Payer : Santosh Trust
Income tax Appellate Tribunal

ITAT: Outstanding creditors discharged in subsequent year, proves absence of remission or cessation in present year; Deletes addition u/s 41(1)

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1398-ITAT-2026(Mum)
  • Tax Payer : Nawalkishor Basudev Sharma
Income tax Appellate Tribunal

ITAT: Deletes Sec. 50C addition as consideration crystallised under BIFR scheme before registration through banking advances

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1404-ITAT-2026(CHNY)
  • Tax Payer : Coimbatore Pioneer Trading & Warehousing Limited
Income tax Appellate Tribunal

ITAT: Expanded municipal limits on transfer date determine distance for agricultural-land exemption u/s 2(14)(iii); Remand for denovo adjudication

Sep 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-1403-ITAT-2026(DEL)
  • Tax Payer : Shri Phool Singh Raghav
Income tax Appellate Tribunal

ITAT: Mentioning old PAN of amalgamating company doesn’t vitiate assessment, sans any prejudice caused to Assessee

Sep 04, 2026
  • In Favour of Revenue
  • Citation Number : TS-1401-ITAT-2026(DEL)
  • Tax Payer : Argentium International Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Granting reprieve to Ceat, quashes reassessment proceedings due to breach of mandatory procedure

Sep 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-1399-ITAT-2026(Mum)
  • Tax Payer : Ceat Limited
Income tax Appellate Tribunal

ITAT: Absent statutory prohibition, Sec. 87A rebate applies to Sec. 111A STCG

Sep 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-1389-ITAT-2026(Ahd)
  • Tax Payer : Kajol Patel