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Rulings ( 15039 results )

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Income tax Appellate Tribunal

ITAT: Depreciation on second-hand assets allowable on actual cost; Sec. 43(1) Explanation 3 cannot be invoked mechanically

Feb 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2026(CHNY)
  • Tax Payer : Hameed Marine Private Limited
High Court

HC: Revenue holds ITRs in trust u/s 8(1)(e) of RTI Act; Frames guidelines for summoning ITRs through matrimonial Courts

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-252-HC-2026(KAR)
  • Tax Payer : Gulsanober
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s rectification plea citing "clean slate" given by NCLT; Sec. 254(2) not substitute for appeal on merits

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2026(CHNY)
  • Tax Payer : Karaikal Port Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rule 46A(3) compliance inevitable for admission of Assessee’s additional evidence application by CIT(A)

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2026(HYD)
  • Tax Payer : South Asian Ceramic Tiles Private Limited
Income tax Appellate Tribunal

ITAT: Sans incriminating evidence, Mauritius/tax havens routed funds can't suffer Sec. 69 addition

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2026(Mum)
  • Tax Payer : Equifax Credit Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Penalty u/s 271(1)(c) unsustainable where income disclosed in survey accepted in assessment

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-247-ITAT-2026(Ahd)
  • Tax Payer : Radhika Jewellers
Income tax Appellate Tribunal

ITAT: Reassessment notice issued by non-jurisdictional AO sans transfer order u/s 127, invalid

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2026(DEL)
  • Tax Payer : Raj Bhagwan Bansal
High Court

HC: Upholds validity of Sec. 148 notice basis postal department’s dispatch date; Dismisses reassessment challenge

Feb 26, 2026
  • In Favour of Revenue
  • Citation Number : TS-246-HC-2026(GUJ)
  • Tax Payer : Perin Exim LLP
Income tax Appellate Tribunal

ITAT: Quashes reassessment given proper sanction of ‘specified authority’ not taken for issuance of notice u/s 148

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2026(CHANDI)
  • Tax Payer : Priya Pahwa
Income tax Appellate Tribunal

ITAT: Trusts created for relatives are exempt from tax u/s 56(2)(x) exceptions, doesn't cover 'non-relative' beneficiaries

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2026(CHNY)
  • Tax Payer : VS Trust
Income tax Appellate Tribunal

ITAT: Ex MP Pratibha Singh liable for unexplained LIC investment; Indirect cash transfers don’t prove HUF ownership

Feb 26, 2026
  • In Favour of Revenue
  • Citation Number : TS-243-ITAT-2026(CHANDI)
  • Tax Payer : Pratibha Singh
Income tax Appellate Tribunal

ITAT: Rejection of trust’s regular registration untenable when application filed within 3-months from provisional approval

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2026(Ahd)
  • Tax Payer : Shree Higlaj Education Trust
High Court

HC: Same transaction cannot be re-assessed by different authorities; Invokes ‘Nemo Debet Bis Vexari’ to quash second reassessment

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-241-HC-2026(ORI)
  • Tax Payer : Sanjay Kumar Bijay Kumar Adaspur
Income tax Appellate Tribunal

ITAT: Holds disallowance on technical grounds cannot oust benefit conferred by law; Allows Sec.80IAC deduction

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2026(DEL)
  • Tax Payer : Timble Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Non-deposit in Capital Gains scheme can't snatch Sec. 54F benefit when re-investment timely

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2026(PUN)
  • Tax Payer : Satishchandra Jagdishchandra Gugale
High Court

HC: Electoral support a ‘Specified Violation’ u/s 12AB(4); Rejects ‘Quality of Life’ plea for political spends, denies exemption

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-238-HC-2026(KER)
  • Tax Payer : Trivandrum Agenda Task Force
Income tax Appellate Tribunal

ITAT: Denial of exemption u/s 11 unwarranted, if updated return filed within permissible time u/s 139(8)

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2026(PUN)
  • Tax Payer : Indian Medical Association Pune Branch
High Court

HC: Dismisses NRI’s attempt to avoid DRP jurisdiction via Sec. 154; Applies amended "Eligible Assessee" definition u/s 144C(15)(b)(ii)

Feb 25, 2026
  • In Favour of Revenue
  • Citation Number : TS-236-HC-2026(MAD)
  • Tax Payer : Motilal Jain Mahaveer Jain
Income tax Appellate Tribunal

ITAT: Criticizes Revenue for forcing vexatious litigation, ignoring high-power committee recommendations

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2026(DEL)
  • Tax Payer : Krish Icon
Income tax Appellate Tribunal

ITAT: Quashes assessment, holds Sec. 143(2) notice to be time-barred despite CPC-driven rectification of return

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-233-ITAT-2026(DEL)
  • Tax Payer : Boang Technology Pvt. Ltd