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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
Income tax Appellate Tribunal
ITAT: Sets aside CIT(A) order passed overlooking pending HC writs in Breach Candy Trust case
May 28, 2026
- In Favour of Both, Partially
- Citation Number : TS-744-ITAT-2026(Mum)
- Tax Payer : Breach Candy Hospital Trust
Income tax Appellate Tribunal
ITAT: Incriminating material not required on issuance of Sec. 148 notice; Rejects narrow reading of Sec. 170
May 28, 2026
- In Favour of Revenue
- Citation Number : TS-770-ITAT-2026(Kol)
- Tax Payer : Action Tie-up Pvt. ltd
Income tax Appellate Tribunal
ITAT: Allows Sec. 80-IB deduction on scrap sales, forex gains, sundry write-backs derived from manufacturing activity
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-759-ITAT-2026(Mum)
- Tax Payer : Hitech Corporation Limited
Income tax Appellate Tribunal
ITAT: SCN u/s 251 mandatory when CIT(A) enhances disallowance of Sec. 80P(2) deduction
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-761-ITAT-2026(Mum)
- Tax Payer : New Bombay Co-operative Commercial Premises Society Ltd
Income tax Appellate Tribunal
ITAT: Prior rejection doesn't bar subsequent Sec. 80G approval application; Rejects order treating Form 10AB non-est
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-766-ITAT-2026(Bang)
- Tax Payer : Mohammediya Educational Trust