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Rulings ( 15447 results )

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Income tax Appellate Tribunal

ITAT: Transferable development rights constitutes, a capital asset u/s 2(14), chargeable to ‘capital gains’ tax

  • In Favour of Revenue
  • Citation Number : TS-1460-ITAT-2026(Bang)
  • Tax Payer : Kamlesh Pukhraj Talera
High Court

HC: Declines to condone 1480-day delay; Reprimands Revenue for its 'utterly lethargic, tardy and indolent' conduct

  • In Favour of Assessee
  • Citation Number : TS-1459-HC-2026(CAL)
  • Tax Payer : Pricewaterhouse Coopers Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: No exemption u/s 10(26) sans income source in notified area; Liberal interpretation can't override unfulfilled statutory conditions

  • In Favour of Revenue
  • Citation Number : TS-1458-ITAT-2026(GAU)
  • Tax Payer : Aphidalin Syiemlieh
Income tax Appellate Tribunal

ITAT: Quashes assessment lacking Sec. 143(2) notice against CEAT Limited; Allows trademark depreciation

  • In Favour of Assessee
  • Citation Number : TS-1457-ITAT-2026(Mum)
  • Tax Payer : CEAT Limited
Income tax Appellate Tribunal

ITAT: Revaluation surplus taxable in partnership firms' hands u/s 45(4), not in retiring partners' hands

  • In Favour of Assessee
  • Citation Number : TS-1447-ITAT-2026(Ahd)
  • Tax Payer : Anilkumar Bhikhabhai Virani
Income tax Appellate Tribunal

ITAT: Sets aside Sec. 69A addition on verifiable cash gift despite belated explanation; Remits for denovo adjudication

  • In Favour of Assessee
  • Citation Number : TS-1450-ITAT-2026(CHNY)
  • Tax Payer : Thirumalai Arangannal
High Court

HC: Quashes Sec. 201 order on non-taxable grading fees paid to non-resident parent company; Binding precedent cannot be disregarded

  • In Favour of Assessee
  • Citation Number : TS-1451-HC-2026(BOM)
  • Tax Payer : GIA India Laboratory Private Limited
High Court

HC: Quashes reassessment u/s 148 for curtailed reply period & non-consideration of Assessee’s online response to SCN

  • In Favour of Assessee
  • Citation Number : TS-1452-HC-2026(DEL)
  • Tax Payer : J J Foods Private Limited
High Court

HC: Upholds revisionary order directing fresh examination of TDS liability discharge

  • In Favour of Revenue
  • Citation Number : TS-1454-HC-2026(CAL)
  • Tax Payer : Deepak Bajaj
High Court

HC: Quashes reassessment based on roving inquiry; Disregarding Assessee’s evidence vitiates proceedings

  • In Favour of Assessee
  • Citation Number : TS-1456-HC-2026(TEL)
  • Tax Payer : Naandi Foundation
Income tax Appellate Tribunal

ITAT: Quashes Sec. 270A penalty where reassessment return accepted without addition & explanation found bona fide

  • In Favour of Assessee
  • Citation Number : TS-1455-ITAT-2026(Bang)
  • Tax Payer : KARNATAKA SHEEP AND WOOL DEVELOPMENT CORPORATION LIMITED
Income tax Appellate Tribunal

ITAT: Assessee-trust entitled to Sec.57(iii) deduction towards charitable donation, as Sec. 11/12 exemption not claimed

  • In Favour of Assessee
  • Citation Number : TS-1449-ITAT-2026(Mum)
  • Tax Payer : Rahulkumar Bajaj Charitable Trust
Income tax Appellate Tribunal

ITAT: Lays down nuanced test for genuineness u/s 68; Cites banking trail alone not conclusive

  • In Favour of Both, Partially
  • Citation Number : TS-1453-ITAT-2026(Mum)
  • Tax Payer : Sanobar Infrastructure Private Limited
Income tax Appellate Tribunal

ITAT: Interest-free housing assistance to financially needy persons qualify as ‘relief to the poor’ u/s 2(15)

  • In Favour of Assessee
  • Citation Number : TS-1444-ITAT-2026(Mum)
  • Tax Payer : Kutchi Jain Foundation
Income tax Appellate Tribunal

ITAT: Profit on sale of depreciable asset forms part of ‘book profit’ for partner remuneration u/s 40(b)

  • In Favour of Assessee
  • Citation Number : TS-1443-ITAT-2026(Mum)
  • Tax Payer : Sanjay Distributors
High Court

HC: 18 Key Excerpts from P&H HC judgment striking down JAO-FAO retrospective amendment

  • In Favour of Assessee
  • Citation Number : TS-1442-HC-2026(P & H)
  • Tax Payer : Jyoti Sareen
Income tax Appellate Tribunal

ITAT: Rejects 12.5% profit estimation; Restores 100% addition for unproven bogus purchases

  • In Favour of Revenue
  • Citation Number : TS-1441-ITAT-2026(Mum)
  • Tax Payer : Strawberry Construction Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Rs. 67 Cr. Sec. 69A addition on jewellery, but upholds Rs. 12 lakh brokerage disallowance

  • In Favour of Both, Partially
  • Citation Number : TS-1434-ITAT-2026(Mum)
  • Tax Payer : Anjani Ashok Parikh
Income tax Appellate Tribunal

ITAT: Allows Sec. 54F deduction on house constructed within 3 years of agricultural land sale

  • In Favour of Revenue
  • Citation Number : TS-1440-ITAT-2026(NAG)
  • Tax Payer : Chandra Moreshwar Gaydhane
Income tax Appellate Tribunal

ITAT: Form 26AS mismatch alone cannot trigger rental income addition; Directs year-wise reconciliation

  • In Favour of Assessee
  • Citation Number : TS-1433-ITAT-2026(Mum)
  • Tax Payer : Myra Mall Management Company Private Limited