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Rulings ( 14224 results )

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High Court

HC: Upholds addition of undisclosed income basis probative value of entries found in loose sheets; Rejects theory of telescoping

Mar 24, 2026
  • In Favour of Revenue
  • Citation Number : TS-400-HC-2026(MAD)
  • Tax Payer : N. Saroja
Income tax Appellate Tribunal

ITAT: Mechanical comparison with earlier AY’s expenditure sans FMV, invalid; Deletes disallowance

Mar 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2026(Mum)
  • Tax Payer : Blend Financial Services Limited
Income tax Appellate Tribunal

ITAT: Rejects AO’s action of treating entire receipts u/s 69 when partial amount disclosed in return of income

Mar 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2026(Mum)
  • Tax Payer : Suraj Vijay Kulkarni
Income tax Appellate Tribunal

ITAT: ITAT: Statement u/s 132(4) doesn’t constitute incriminating material sans corroborative material; Deletes bogus purchase disallowance

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2026(DEL)
  • Tax Payer : Vestige Marketing Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Sec. 263 action unsustainable where ITR filed u/s 44AD; Quashes revision for lack of jurisdiction

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2026(DEL)
  • Tax Payer : Neeraj
Income tax Appellate Tribunal

ITAT: ITAT: Withdrawn IPO expenses allowable as revenue; Upholds Sec. 10B benefit on difference between forex & write-backs

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2026(DEL)
  • Tax Payer : Orient Craft Limited
High Court

HC: Quashes demand as Revenue fails to pass final order post-DRP; Rejects "software functionality" plea

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-394-HC-2026(CAL)
  • Tax Payer : Almatis Alumina Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Remittances for outright transfer of design rights not Royalty under India-UAE DTAA

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2026(DEL)
  • Tax Payer : International Bridge Technologies Middle East DMCC
High Court

HC: Vacates attachment on properties citing statutory period of 7 years for sale being elapsed under Rule 68B(4)

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-392-HC-2026(KER)
  • Tax Payer : The South Indian Bank Ltd
High Court

HC: Upholds ITAT's rectification of conflicting order on deemed dividends & TDS liability u/s 254(2) sans re-appreciation of evidences

Mar 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-387-HC-2026(TEL)
  • Tax Payer : M/s Jaypeem Granites (P) Ltd.
Income tax Appellate Tribunal

ITAT: Technical glitch constitutes 'reasonable cause' u/s 273B, quashes penalty u/s 271B

Mar 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2026(CHNY)
  • Tax Payer : Konda Seenivasaiyer Damodharan Kishori Lal
Income tax Appellate Tribunal

ITAT: ITAT: Sec. 270A(9) penalty not leviable where disallowance arise from bonafide error with full disclosure & tax neutral impact

Mar 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2026(HYD)
  • Tax Payer : N.A.M. Expressway Limited
High Court

HC: Quashes reassessment for AY 2013-14 being time barred following Rajeev Bansal; Rejects Revenue’s ten year limitation plea

Mar 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-390-HC-2026(BOM)
  • Tax Payer : Pratibha Syntex Limited
High Court

HC: Quashes arbitrary rejection of lower TDS certificate application against Make Mytrip; Cites Rule 28AA parameters mandatory

Mar 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-391-HC-2026(DEL)
  • Tax Payer : Make Mytrip (India) Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A)'s powers co-terminus with AO; Rules appellate authority must adjudicate on merits, not dismiss in limine

Mar 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2026(Bang)
  • Tax Payer : Erki Krishnamurthy HUF
High Court

HC: Condones 169 days delay in filing ITR due to internal corporate disputes sans past default

Mar 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-385-HC-2026(BOM)
  • Tax Payer : Teksons Private Limited
High Court

HC: "Misappropriated" funds by partner’s relative not a deductible business expense; Upholds disallowance u/s 40A(2)

Mar 20, 2026
  • In Favour of Revenue
  • Citation Number : TS-384-HC-2026(MAD)
  • Tax Payer : Karpaga Vinayagar Papers
Income tax Appellate Tribunal

ITAT: Overseas "NRI Desk" expenditure of Bank of America qualify as head office expenditure; Restricts deduction u/s 44C

Mar 20, 2026
  • In Favour of Revenue
  • Citation Number : TS-383-ITAT-2026(Mum)
  • Tax Payer : Bank of America N.A
High Court

HC: Bars Revenue from relying on "human probabilities" instead of facts for Sec. 68 additions; Upholds remand

Mar 20, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-382-HC-2026(TEL)
  • Tax Payer : Bharathi Cement Corporation Pvt. Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Assumption of jurisdiction u/s 147/148 impermissible when jurisdiction dismissed u/s 153C, constitutes as parallel proceedings

Mar 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2026(DEL)
  • Tax Payer : Advantage Housings Pvt. Ltd.