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Rulings ( 14224 results )

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Income tax Appellate Tribunal

ITAT: Sec. 263 order on capital gain unsustainable where AO made due inquiry & order not erroneous

Mar 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2026(DEL)
  • Tax Payer : Chandra Prakash Goel
Income tax Appellate Tribunal

ITAT: Sustains Sec. 69A addition basis statement recorded u/s 132(4), supported by incriminating material

Mar 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2026(Bang)
  • Tax Payer : Thippareddy Govindareddy Malli Reddy
Income tax Appellate Tribunal

ITAT: Excludes professional fees & registration fees from Sec. 14A disallowance sans live nexus with exempt income

Mar 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2026(Mum)
  • Tax Payer : Nowrosjee Wadia & Sons Ltd
Income tax Appellate Tribunal

ITAT: Non-filer co-operative society not entitled for deduction u/s 80P(2)

Mar 10, 2026
  • In Favour of Revenue
  • Citation Number : TS-316-ITAT-2026(VIZ)
  • Tax Payer : The Chinnampeta Primary Agricultural Cooperative Credit Society Limited
Income tax Appellate Tribunal

ITAT: Donation to charitable trust not deductible u/s 80G/37(1) sans registration & nexus between expense & business purpose

Mar 10, 2026
  • In Favour of Revenue
  • Citation Number : TS-315-ITAT-2026(HYD)
  • Tax Payer : Zaheer Ahmed Syed
High Court

HC: Condones delay of 534 days in filing Form 10B; Denial of benefit u/s 11/12, completely unfair & cannot be countenanced

Mar 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-314-HC-2026(MAD)
  • Tax Payer : Suga Jeeva Oozhiyangal
Income tax Appellate Tribunal

ITAT: Flat received on redevelopment, a consideration for surrender of tenancy rights, not taxable u/s 56(2)(x)

Mar 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2026(Mum)
  • Tax Payer : Varun Jaisingh Asher
Income tax Appellate Tribunal

ITAT: Discards AO's "issue register" over glaring manual entry deviations; Quashes ante-dated notice

Mar 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2026(CHNY)
  • Tax Payer : Gurusamy Suseela
High Court

HC: Revenue cannot revive lapsed assessments after a decade under garb of Sec. 153A; Quashes reassessment as time barred

Mar 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-311-HC-2026(RAJ)
  • Tax Payer : B & B Mercantile Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Earlier year deficits qualify as application of income in subsequent years; Cites restriction u/s 11(1) applies from AY 2022-23

Mar 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2026(Bang)
  • Tax Payer : Chitradurga Zilla Reddy Jana Sangha (R)
Income tax Appellate Tribunal

ITAT: Assumption of jurisdiction for issuance of notice u/s 148, valid, if no return filed u/s 139(1)

Mar 09, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-309-ITAT-2026(Mum)
  • Tax Payer : Rekhaben Sharadkumar Mehta
Income tax Appellate Tribunal

ITAT: Holds PCIT cannot invoke revision simply to substitute an AO's plausible view

Mar 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2026(DEL)
  • Tax Payer : Dhani Loans & Services Ltd
Income tax Appellate Tribunal

ITAT: Allows set-off towards claims of retirement/pension benefits to society-members against FD interest receipts

Mar 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2026(DEL)
  • Tax Payer : All India Oriental Bank of Employees Welfare Society
Income tax Appellate Tribunal

ITAT: AO cannot rely on material seized during search in set-aside proceedings; Separate proceedings apply

Mar 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2026(DEL)
  • Tax Payer : Prem Prakash
Income tax Appellate Tribunal

ITAT: Restores Sec. 40(a)(i)/(ia) dispute to verify TDS compliance, given consistent policy of offering provisions to tax post-reversal

Mar 09, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-305-ITAT-2026(Mum)
  • Tax Payer : Maersk Line India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extended 12 months period u/s 153(4) inapplicable to eligible Assessee u/s 144C(15); Quashes assessment as time-barred

Mar 09, 2026
  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2026(HYD)
  • Tax Payer : Samiudedin Aslam
High Court

HC: Sales tax subsidy received under State Government scheme, non-taxable capital receipt; ‘Purpose test’ prevails

Mar 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-303-HC-2026(P & H)
  • Tax Payer : Vardhman Textiles Ltd
High Court

HC: Capital gain not taxable in JDA execution AY, as already taxed in subsequent AY

Mar 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-302-HC-2026(KAR)
  • Tax Payer : SHRI N. G. CHANDRA REDDY (HUF)
High Court

HC: Condones delay in compounding charges payment for TDS defaults as delay due to bona fide financial hardship

Mar 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-301-HC-2026(MAD)
  • Tax Payer : Muthulakshmi Spinning Mills Pvt Ltd.
Income tax Appellate Tribunal

ITAT: Sec. 11 exemption cannot be denied as property registered in Trustee’s name sans evidence of personal benefits

Mar 07, 2026
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2026(CHNY)
  • Tax Payer : Everwin Educational & Charitable Trust