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Rulings ( 14670 results )

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High Court

HC: Condones 430 days bonafide delay in filing Form No. 10 sans statutory time limit; Adopts liberal & justice oriented approach

Apr 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-585-HC-2026(BOM)
  • Tax Payer : Bombay Prathana Samaj
High Court

HC: Quashes excess depreciation disallowance on genuine cinematographic film sale-leaseback transactions; Suspicion alone insufficient

Apr 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-587-HC-2026(MAD)
  • Tax Payer : Vijay Shanthi Builders Ltd
High Court

HC: Sets aside assessment order & consequential demand; Grants Assessee another opportunity of filing reply

Apr 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-582-HC-2026(DEL)
  • Tax Payer : Puneet Kanodia
Income tax Appellate Tribunal

ITAT: No legal provision precludes granting registration u/s 12AB after a prior denial; Remands matter for verification

Apr 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-593-ITAT-2026(Bang)
  • Tax Payer : KCR Foundation
Income tax Appellate Tribunal

ITAT: CIT(A) erred in upholding POEM addition merely due to Collegium order; Deletes addition of global income

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-592-ITAT-2026(Ahd)
  • Tax Payer : Best Oasis Limited
Income tax Appellate Tribunal

ITAT: Sec. 56(2)(x)(c) inapplicable to fresh share allotment or leasehold rights; Deletes addition based on dump documents

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2026(CHANDI)
  • Tax Payer : Torque Pharmaceuticals Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Utilization of borrowed funds doesn't alter investments character; Deletes addition as shares held as investments

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-590-ITAT-2026(Ahd)
  • Tax Payer : Kutir Navinchandra Patel
Income tax Appellate Tribunal

ITAT: Allows deduction to Tata Motors for provision of employee benefit schemes u/s 37 basis actuarial valuation

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2026(Mum)
  • Tax Payer : Tata Motors Body Solutions Limited
Income tax Appellate Tribunal

ITAT: Cash gifts from family members reasonably explained; Systematic activity in bank statements justify partial relief

Apr 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2026(Mum)
  • Tax Payer : Shrenik Manish Mehta
Income tax Appellate Tribunal

ITAT: Sec. 153D approval granted on same day of AO’s application without examining material on record, mechanical & invalid

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-583-ITAT-2026(DEL)
  • Tax Payer : JBM Auto System
High Court

HC: Confirms Trust's registration cancellation for abuse of funds, but clarifies retrospective effect impermissible

Apr 23, 2026
  • In Favour of Revenue
  • Citation Number : TS-581-HC-2026(MAD)
  • Tax Payer : Ponnaiyah Ramajeyathammal Educational And Charitable Trust
Income tax Appellate Tribunal

ITAT: STCG on sale of derivatives exempt under Article 13(4) of DTAA; Cites derivatives & shares as distinct assets

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2026(DEL)
  • Tax Payer : Em Delta One
Income tax Appellate Tribunal

ITAT: Trust’s box donations utilized for construction constitutes non-taxable capital receipts despite no registration u/s 12AA

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2026(NAG)
  • Tax Payer : Shree Sant Bhojaji Maharaj Deosthan Ajansara
Income tax Appellate Tribunal

ITAT: Compensation received from RERA taxable as LTCG, not as IoS u/s 56

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-572-ITAT-2026(DEL)
  • Tax Payer : Prem Narayan Chaurasia
Income tax Appellate Tribunal

ITAT: Salary reimbursement to Goldman Sachs’ seconded employees, not taxable as FTS

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2026(Mum)
  • Tax Payer : Goldman Sachs International
Income tax Appellate Tribunal

ITAT: Quashes Sec. 68 addition on cash-deposit duly explained by disclosed property sale with evidence

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2026(Mum)
  • Tax Payer : Hansa Harischandra Thakur
Income tax Appellate Tribunal

ITAT: Confirms Sec. 147 jurisdiction despite Sec. 153C route for proceedings basis third party search

Apr 22, 2026
  • In Favour of Revenue
  • Citation Number : TS-556-ITAT-2026(DEL)
  • Tax Payer : Vinosha Trade Pvt. Ltd
Income tax Appellate Tribunal

ITAT: 'DD' code reference insufficient to link seized material to Late Ajit Pawar; Quashes Sec. 153C order

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2026(Mum)
  • Tax Payer : Sunetra Ajit Pawar (Legal Heir of Late Shri Ajit Anantrao Pawar)
High Court

HC: Failure to pass speaking order & provide Revenue opportunity for examination of fresh evidence, vitiates CIT(A) order

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-574-HC-2026(J & K)
  • Tax Payer : Kamraz Rural Bank
Income tax Appellate Tribunal

ITAT: No capital gain arose as sale deed declared void; Deletes LTCG addition made on protective basis

Apr 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2026(Ahd)
  • Tax Payer : Suraj Jayantilal Patel L/H of Late Jayantilal Joitaram patel