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Rulings ( 15335 results )

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Income tax Appellate Tribunal

ITAT: Allows Sec. 87A rebate on STCG u/s 111A where income below Rs. 7 Lac threshold

  • In Favour of Assessee
  • Citation Number : TS-589-ITAT-2026(Rjt)
  • Tax Payer : Jignesh Harjivanbhai Chikani
Income tax Appellate Tribunal

ITAT: Condones Sec. 12A registration delay due to procedural lapses & interpretational confusion; Remits back for denovo adjudication

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2026(Ahd)
  • Tax Payer : Navsarjan Education Trust
High Court

HC: Sales tax subsidy received under State Government Scheme, non-taxable capital receipt, excluded from book profit u/s 115JB

  • In Favour of Assessee
  • Citation Number : TS-578-HC-2026(CAL)
  • Tax Payer : GRAPHITE INDIA LTD
High Court

HC: Upholds PCIT order u/s 119(2)(b) rejecting 6 years condonation of over delay in filing ITR to claim refund; CBDT circular mandatory

  • In Favour of Revenue
  • Citation Number : TS-584-HC-2026(KER)
  • Tax Payer : SURESH VELU ELLATHUKALATHIL
High Court

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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2026(Mum)
  • Tax Payer : Hansa Harischandra Thakur