Filters
Rulings ( 14925 results )
Income tax Appellate Tribunal
ITAT: Revenue-neutral depreciation timing difference insufficient for Sec. 263 revision proceedings
Jun 01, 2026
- In Favour of Assessee
- Citation Number : TS-771-ITAT-2026(Mum)
- Tax Payer : Hampi Expressways Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec. 68 addition on unexplained sundry creditors, given unsecured loan repaid via banking channel & onus discharged
May 30, 2026
- In Favour of Assessee
- Citation Number : TS-776-ITAT-2026(Ahd)
- Tax Payer : Pallavi Nileshbhai Shah
Income tax Appellate Tribunal
ITAT: Quashes reassessment u/s 148 for bogus donations as notice issued beyond limitation & escaped income below Rs. 50 Lac
May 30, 2026
- In Favour of Assessee
- Citation Number : TS-784-ITAT-2026(AGR)
- Tax Payer : Amit Sharma
Income tax Appellate Tribunal
ITAT: Deletes Sec. 56(2)(viib) addition for share premium on non-equity & preferential shares
May 30, 2026
- In Favour of Assessee
- Citation Number : TS-778-ITAT-2026(DEL)
- Tax Payer : First Class Infrabuild Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Disallowance u/s 43B unsustainable on unclaimed GST liability in profit & loss account
May 30, 2026
- In Favour of Assessee
- Citation Number : TS-779-ITAT-2026(DEL)
- Tax Payer : KBH Energy and Infra Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Ex-gratia received under BSNL voluntary compensation scheme fully exempt u/s 10(10B)
May 30, 2026
- In Favour of Assessee
- Citation Number : TS-780-ITAT-2026(CHNY)
- Tax Payer : Hemalatha Govindarajulu
Income tax Appellate Tribunal
ITAT: Upholds Sec. 54F deduction disallowance for non-compliance of two-year period on urban land; Remits matter for denovo adjudication
May 30, 2026
- In Favour of Revenue
- Citation Number : TS-785-ITAT-2026(Ahd)
- Tax Payer : Dharmendrabhai Jayantibhai Patel
Income tax Appellate Tribunal
ITAT: Rejects application of ‘presumptions’ & ‘human probabilities’ to make addition u/s 68 in penny stock case; Deletes addition
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-783-ITAT-2026(DEL)
- Tax Payer : Ajay Gupta
Income tax Appellate Tribunal
ITAT: Deletes addition on per-diem received in UK during non-resident status period
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-782-ITAT-2026(DEL)
- Tax Payer : Sachin Saxena
Income tax Appellate Tribunal
ITAT: Auditorium rental not business income, merely incidental to attainment of charitable objects; Deletes addition
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-781-ITAT-2026(Mum)
- Tax Payer : Yashwantrao Chavan Centre
Income tax Appellate Tribunal
ITAT: Deletes addition against Honda R&D qua reimbursement of salary of seconded employees, as not FTS
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-777-ITAT-2026(DEL)
- Tax Payer : Honda R&D Company Limited
Income tax Appellate Tribunal
ITAT: Sec. 270A penalty impermissible where quantum additions based on DVO valuation estimates
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-769-ITAT-2026(Mum)
- Tax Payer : Manoj Lachhmandas Jagwani
Income tax Appellate Tribunal
ITAT: Deletes addition u/s 69 on unexplained bank credit over declared turnover sans rejection of books
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-767-ITAT-2026(CHNY)
- Tax Payer : Selvaraj Sridhar
Income tax Appellate Tribunal
ITAT: No requirement to acquire entire land in one go u/s 80IB(10); Allows proportionate deduction
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-775-ITAT-2026(DEL)
- Tax Payer : Mahagun (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: AO unjustified in invoking Sec.154 for changing character of income accepted during scrutiny assessment
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-774-ITAT-2026(Ahd)
- Tax Payer : Sudarshan Status Corporation
Income tax Appellate Tribunal
ITAT: Quashes refund adjustment against stayed demand; Restricts adjustment to 20% of demand
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-732-ITAT-2026(Mum)
- Tax Payer : Mondelez India Foods Private Limited
Income tax Appellate Tribunal
ITAT: GP addition cannot be applied on both sales & purchases; Double taxation impermissible
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-760-ITAT-2026(Mum)
- Tax Payer : Oneworld Design Studio Private Limited
Income tax Appellate Tribunal
ITAT: Rejects mechanical application of Rule 11UA(1)(c)(b); Remits capital gains recomputation
May 28, 2026
- In Favour of Both, Partially
- Citation Number : TS-773-ITAT-2026(CHNY)
- Tax Payer : Rajasehar Buvaneswari
Income tax Appellate Tribunal
ITAT: Upholds Sec. 69A addition on unexplained seized cash; Rejects delayed jurisdictional objection
May 28, 2026
- In Favour of Revenue
- Citation Number : TS-768-ITAT-2026(DEL)
- Tax Payer : Inderpal Bansal
Income tax Appellate Tribunal
ITAT: Cannot treat cash deposits during demonetization out of sales as ‘unexplained sources’; Deletes addition u/s 69A
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-772-ITAT-2026(Ahd)
- Tax Payer : Krishna Petroleum