Direct tax Rulings

In Favour of Both, Partially
Citation Number : TS-412-ITAT-2026(Mum)
Tax Payer : Deloitte Touche Tohmatsu India LLP (Sucessor of Deloitte Touche Tohmatsu India Private Limited)

Income tax Appellate Tribunal

ITAT: Preventing the "mischief", Sec. 94(7) targets tax avoidance regardless of dividend exemption status

Mar 25, 2026

In Favour of Revenue
Citation Number : TS-411-ITAT-2026(Ahd)
Tax Payer : Punita Kalpesh Patel

High Court

HC: HC: Assessment cannot be re-opened to review AO’s earlier stand; Quashes reassessment proceedings

Mar 25, 2026

In Favour of Assessee
Citation Number : TS-410-HC-2026(BOM)
Tax Payer : Marico Limited

High Court

HC: Genuine hardship warrants condonation of delay in filing Form 10-IC; Quashes rejection order u/s 119(2)(b)

Mar 25, 2026

In Favour of Assessee
Citation Number : TS-408-HC-2026(GUJ)
Tax Payer : Herald Global Ventures Private Limited

Income tax Appellate Tribunal

ITAT: ITAT: Allows Aishwarya Rai Bachchan interest deduction u/s 57, applies consistency principle

Mar 25, 2026

In Favour of Assessee
Citation Number : TS-409-ITAT-2026(Mum)
Tax Payer : Aishwarya Rai Bachchan

Income tax Appellate Tribunal

ITAT: Assessment order not void when taxpayer itself filed submissions in erstwhile entity’s name

Mar 25, 2026

In Favour of Assessee
Citation Number : TS-407-ITAT-2026(Ahd)
Tax Payer : Shalby Ltd

Income tax Appellate Tribunal

ITAT: Substantial benefit cannot be denied for procedural delay; Condones delay in filing Form 10-IC

Mar 24, 2026

In Favour of Assessee
Citation Number : TS-404-ITAT-2026(Mum)
Tax Payer : Getinge Medical India Private Limited

Income tax Appellate Tribunal

ITAT: ITAT: Taxpayer entitled to claim deduction u/s 10A prior to setting off carry forward losses & unabsorbed depreciation

Mar 24, 2026

In Favour of Assessee
Citation Number : TS-403-ITAT-2026(AGR)
Tax Payer : ACPL Products (P) Ltd

High Court

HC: HC: Payment by Pfizer India to sister concern, reimbursement of cost-sharing expense, not liable for TDS u/s 40(a)(ia)

Mar 24, 2026

In Favour of Assessee
Citation Number : TS-402-HC-2026(BOM)
Tax Payer : Pfizer Products India Pvt. Ltd

Income tax Appellate Tribunal

ITAT: Incorrect section doesn't vitiate assessment when taxpayer cognizant of nature of inquiry; Upholds addition

Mar 24, 2026

In Favour of Revenue
Citation Number : TS-401-ITAT-2026(Mum)
Tax Payer : Bajaj International Realty Pvt. Ltd

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Rulings ( 14224 results )

ITAT: Disclosure in return negates BMA Sec. 43 penalty despite Schedule FA omission

ITAT: Non-issuance of Sec.143(2) notice within statutory period renders reassessment as invalid

ITAT: Upholds revision as AO failed to examine ALV taxability of unsold flats in reassessment

ITAT: Rectification u/s 154 can’t deny Sec. 11 exemption once same accepted by CPC

ITAT: Deletes addition of demonetisation deposits as source explained, cites Revenue’s failure to rebut

HC: Allows deduction for LIC premium as it stems from existing obligation, not contingent liability

ITAT: Selection of deduction method doesn't amount to inaccurate particulars; No penalty if two opinions exist

ITAT: ITAT: Share buy-back within corporate-group qualifies as ‘reorganization’, eligible for benefit under India-Netherlands DTAA

ITAT: Remits matter, directs CIT(A) to examine Assessee’s eligibility for Sec. 249(4)(b) claim

ITAT: Clarifies retrospective changes do not automatically trigger penalty for past bona fide claims; Deletes penalty u/s 270A

ITAT: Deletes interest disallowance against Deloitte Touche LLP sans nexus between borrowings & advances

ITAT: Preventing the "mischief", Sec. 94(7) targets tax avoidance regardless of dividend exemption status

HC: HC: Assessment cannot be re-opened to review AO’s earlier stand; Quashes reassessment proceedings

HC: Genuine hardship warrants condonation of delay in filing Form 10-IC; Quashes rejection order u/s 119(2)(b)

ITAT: ITAT: Allows Aishwarya Rai Bachchan interest deduction u/s 57, applies consistency principle

ITAT: Assessment order not void when taxpayer itself filed submissions in erstwhile entity’s name

ITAT: Substantial benefit cannot be denied for procedural delay; Condones delay in filing Form 10-IC

ITAT: ITAT: Taxpayer entitled to claim deduction u/s 10A prior to setting off carry forward losses & unabsorbed depreciation

HC: HC: Payment by Pfizer India to sister concern, reimbursement of cost-sharing expense, not liable for TDS u/s 40(a)(ia)

ITAT: Incorrect section doesn't vitiate assessment when taxpayer cognizant of nature of inquiry; Upholds addition