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Rulings ( 15436 results )

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Income tax Appellate Tribunal

ITAT: Upholds deletion of Sec. 69B addition, finds ISPL share valuation flawed over franchise fee treatment

  • In Favour of Assessee
  • Citation Number : TS-1676-ITAT-2026(Ahd)
  • Tax Payer : Siddhant Commercials Private Limited
Income tax Appellate Tribunal

ITAT: Sec. 197 Certificate cannot limit advance-tax liability on incremental assessed income; Upholds Sec. 234B interest

  • In Favour of Both, Partially
  • Citation Number : TS-1673-ITAT-2026(Mum)
  • Tax Payer : MSM Satellite (Singapore) Pte. Ltd
Income tax Appellate Tribunal

ITAT: No disallowance u/s 37(1) of Adat commission payments basis presumption when accepted in preceding years

  • In Favour of Assessee
  • Citation Number : TS-1660-ITAT-2026(PUN)
  • Tax Payer : Shobha Sudamrao Tagad
Income tax Appellate Tribunal

ITAT: Delayed Form 10B and subsequent condonation rejection do not render assessment erroneous; Quashes Sec. 263 revision

  • In Favour of Assessee
  • Citation Number : TS-1672-ITAT-2026(CHNY)
  • Tax Payer : Nesamony Memorial Trust
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition against dissolved firm, holds post-dissolution transactions belong to erstwhile partner

  • In Favour of Assessee
  • Citation Number : TS-1652-ITAT-2026(Ahd)
  • Tax Payer : Shakti Enterprise
Income tax Appellate Tribunal

ITAT: Deletes royalty addition against Novartis; Trademark assignment gains taxable only in Switzerland under DTAA

  • In Favour of Assessee
  • Citation Number : TS-1671-ITAT-2026(Mum)
  • Tax Payer : Novartis AG
High Court

HC: Quashes Sec. 270A penalty pending ITAT appeal, violating Section 275(1)(a); Permits fresh proceedings subject to outcome

  • In Favour of Assessee
  • Citation Number : TS-1653-HC-2026(DEL)
  • Tax Payer : Bt Global Communications India Private Ltd
Income tax Appellate Tribunal

ITAT: Separate cash-contributions by same partner cannot be aggregated without establishing single transaction; Deletes penalty u/s 271D

  • In Favour of Assessee
  • Citation Number : TS-1670-ITAT-2026(Ahd)
  • Tax Payer : Aryanparv Realty LLP
Income tax Appellate Tribunal

ITAT: Cornell University’s online educational course receipts not ‘FIS’, excluded under India-USA DTAA Article 12(5)(c)

  • In Favour of Assessee
  • Citation Number : TS-1669-ITAT-2026(Mum)
  • Tax Payer : Cornell University
High Court

HC: Rejects GAAR invocation involving stock exchange transactions, re-iterates Westminster doctrine

  • In Favour of Assessee
  • Citation Number : TS-1668-HC-2026(TEL)
  • Tax Payer : EKGE Retail LLP
Income tax Appellate Tribunal

ITAT: Deletes Sec. 56(2)(viib) addition; AO cannot substitute valuation method or reject DCF sans specific errors

  • In Favour of Assessee
  • Citation Number : TS-1664-ITAT-2026(JPR)
  • Tax Payer : Hem Securities Limited
Income tax Appellate Tribunal

ITAT: Director of struck-off company lacks locus standi to challenge tax assessment on its behalf

  • In Favour of Assessee
  • Citation Number : TS-1655-ITAT-2026(DEL)
  • Tax Payer : Prabneet Singh
Income tax Appellate Tribunal

ITAT: Matching sales turnover with VAT return insufficient to explain cash-deposits, restores Sec. 69A issue

  • In Favour of Both, Partially
  • Citation Number : TS-1656-ITAT-2026(CHNY)
  • Tax Payer : Ramakrishnan Yokesh Kumar
Income tax Appellate Tribunal

ITAT: Quashes reassessment for unproven Sec. 148 notice service; Assessee’s participation cannot confer AO jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-1665-ITAT-2026(ASR)
  • Tax Payer : Narinder Jit Singh
Supreme Court

SC: Rejects Revenue’s review petition against quashing of tax evasion prosecution for non-compliance with CBDT-Circular

  • In Favour of Assessee
  • Citation Number : TS-1667-SC-2026
  • Tax Payer : Vijay Krishnaswami
High Court

HC: Sec. 115-JB inapplicable to banking companies; Confirms Sec. 43B disallowance towards leave salary provision

  • In Favour of Revenue
  • Citation Number : TS-1666-HC-2026(MAD)
  • Tax Payer : Indian Overseas Bank
High Court

HC: Audit objection alone cannot reopen assessment beyond 3 years absent new evidence u/s 149(1)(b)

  • In Favour of Revenue
  • Citation Number : TS-1663-HC-2026(SIK)
  • Tax Payer : Zydus Healthcare Limited
Income tax Appellate Tribunal

ITAT: Non-filing of original return doesn’t establish misreporting; Directs penalty recomputation @50% u/s 270A

  • In Favour of Assessee
  • Citation Number : TS-1662-ITAT-2026(Ahd)
  • Tax Payer : Dargabhai Bheraji Patel
Income tax Appellate Tribunal

ITAT: Absence of TRC doesn't automatically create domestic tax chargeability u/s 195; Deletes disallowance u/s 40(a)(ia)

  • In Favour of Both, Partially
  • Citation Number : TS-1659-ITAT-2026(Mum)
  • Tax Payer : Thrius Pharma Expertize Llp
Income tax Appellate Tribunal

ITAT: Allows Sec. 35(2AB) weighted deduction beyond DSIR quantification; Holds Sec. 143(1) additions contestable in scrutiny appeal

  • In Favour of Both, Partially
  • Citation Number : TS-1657-ITAT-2026(DEL)
  • Tax Payer : Maruti Suzuki India Ltd