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Rulings ( 15369 results )

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Income tax Appellate Tribunal

ITAT: Notional rent on unsold units utilised for business purpose not taxable u/s 22/23

  • In Favour of Assessee
  • Citation Number : TS-1348-ITAT-2026(Ahd)
  • Tax Payer : Sharad Kanaiyalal Shah
High Court

HC: HC: 'Suspicion' can't substitute 'proof' to nail penny stock transactions; Dismisses Revenue appeals

  • In Favour of Assessee
  • Citation Number : TS-1360-HC-2026(MAD)
  • Tax Payer : Sohanraj Uttamchand
Income tax Appellate Tribunal

ITAT: Direct nexus between payments & acquisition of capital asset determines ‘cost of acquisition’ u/s 48

  • In Favour of Assessee
  • Citation Number : TS-1346-ITAT-2026(Mum)
  • Tax Payer : Divya Kumar Bhisham Sawilani
Income tax Appellate Tribunal

ITAT: ITAT: Taxpayer can choose between Tax Statute & DTAA; Allows loss set-off against post March-2017 share gains

  • In Favour of Assessee
  • Citation Number : TS-1325-ITAT-2026(Mum)
  • Tax Payer : Apoletto Asia Ltd
Income tax Appellate Tribunal

ITAT: ITAT: Govt.-sanctioned market fee, sub-agent commission not liable to TDS u/s 194C; Deletes Sec. 40(a)(ia) disallowance

  • In Favour of Assessee
  • Citation Number : TS-1357-ITAT-2026(Mum)
  • Tax Payer : The Maharashtra State Co- Op Marketing Federation Limited
Income tax Appellate Tribunal

ITAT: ITAT: Sec. 49(1)(i) mandates adoption of previous owner's cost on HUF partition; Allows long term capital loss set-off

  • In Favour of Assessee
  • Citation Number : TS-1358-ITAT-2026(Mum)
  • Tax Payer : Ashim Ashitbaran Desai
Income tax Appellate Tribunal

ITAT: ITAT: Interpreting key jurisdictional point, once again quashes revisionary proceedings against Sr. Adv. Rohatgi

  • In Favour of Assessee
  • Citation Number : TS-1356-ITAT-2026(DEL)
  • Tax Payer : Mukul Rohatgi
Income tax Appellate Tribunal

ITAT: Year-end provision without identified payee doesn’t trigger TDS; Deletes demand u/s 201(1) against Pfizer

  • In Favour of Assessee
  • Citation Number : TS-1355-ITAT-2026(Mum)
  • Tax Payer : Pfizer Limited
Income tax Appellate Tribunal

ITAT: Banking trail, firm’s financials establish genuineness of loan transaction; Deletes addition against partner

  • In Favour of Assessee
  • Citation Number : TS-1354-ITAT-2026(Mum)
  • Tax Payer : Jaspalsingh Prehladsingh Chandock
Income tax Appellate Tribunal

ITAT: Client code modification data, sans substantive evidence, cannot establish fictitious loss; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-1345-ITAT-2026(Mum)
  • Tax Payer : Ganita Technologies & Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Pre-schooling activities qualifies as “education” u/s 2(15); Affiliation with competent authority not mandatory for charitable registration

  • In Favour of Assessee
  • Citation Number : TS-1341-ITAT-2026(DEL)
  • Tax Payer : Hans Foundation
Income tax Appellate Tribunal

ITAT: Interest on enhanced land acquisition compensation taxable as ‘Other Sources’ income u/s 56(2)(viii); Follows Mahendra Pal Narang ruling

  • In Favour of Assessee
  • Citation Number : TS-1350-ITAT-2026(CHANDI)
  • Tax Payer : Sudershan Kumar Garg
Income tax Appellate Tribunal

ITAT: Deletes Sec. 68 addition on unexplained loans as primary onus discharged & loan repaid via banking channel

  • In Favour of Assessee
  • Citation Number : TS-1349-ITAT-2026(Mum)
  • Tax Payer : DICET Creative Ventures (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 69A addition on forex cash deposits held as business receipts sans any finding of bogus purchases

  • In Favour of Both, Partially
  • Citation Number : TS-1351-ITAT-2026(Kol)
  • Tax Payer : LKPS Forex Private Limited
Income tax Appellate Tribunal

ITAT: Accumulated income u/s 11(2) applied charitably cannot attract tax u/s 115BBI due to reporting mismatch

  • In Favour of Assessee
  • Citation Number : TS-1353-ITAT-2026(Mum)
  • Tax Payer : Council For Fair Business Practices
High Court

HC: Upholds Sun Pharma Sikkim’s Sec. 80IE deduction claim on transfer of undertaking; Rejects Revenue’s business reconstruction allegation

  • In Favour of Assessee
  • Citation Number : TS-1352-HC-2026(GUJ)
  • Tax Payer : Sun Pharma Sikkim
High Court

HC: Holds bona fide delay in return filing cannot deny TDS credit as attributable to pending Advance Ruling outcome

  • In Favour of Assessee
  • Citation Number : TS-1340-HC-2026(DEL)
  • Tax Payer : Late Sh. Dipankar Mohan Ghosh
Income tax Appellate Tribunal

ITAT: Subsequent Sec. 148 return doesn’t erase deemed concealment; Upholds penalty under Explanation 3 to Sec. 271(1)(c)

  • In Favour of Revenue
  • Citation Number : TS-1344-ITAT-2026(COCH)
  • Tax Payer : Valsan Chiyyabath
Income tax Appellate Tribunal

ITAT: AO’s omission or incorrect application of law justifies PCIT’s invocation of Sec. 263 revisionary proceedings

  • In Favour of Assessee
  • Citation Number : TS-1343-ITAT-2026(PAT)
  • Tax Payer : Nikhat Fatma
Income tax Appellate Tribunal

ITAT: Appellate proceeding pertaining to Assessee availing VsV Scheme, liable to be dismissed as withdrawn

  • In Favour of Revenue
  • Citation Number : TS-1329-ITAT-2026(Bang)
  • Tax Payer : Pradeep Kothari