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Rulings ( 15369 results )

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High Court

HC: Penalty notice requires mention of specific clause u/s 271(1)(c) on which penalty seeks to be imposed

  • In Favour of Assessee
  • Citation Number : TS-1281-HC-2026(DEL)
  • Tax Payer : Vitasta Estates
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 270A on bonafide TDS interpretation despite confirmed quantum disallowance

  • In Favour of Assessee
  • Citation Number : TS-1290-ITAT-2026(DEL)
  • Tax Payer : Royalgolf Link City Projects
High Court

HC: Condones Revenue’s appeal-filing delay of 156 days, bonafide administrative reason constitutes ‘sufficient cause’

  • In Favour of Assessee
  • Citation Number : TS-1289-HC-2026(BOM)
  • Tax Payer : JS Capital LLC
High Court

HC: Upholds deduction for provision towards contractual future road repairs u/s 37(1) despite subsequent expenditure

  • In Favour of Assessee
  • Citation Number : TS-1291-HC-2026(BOM)
  • Tax Payer : ECA Infrastructure India
Income tax Appellate Tribunal

ITAT: REC sale proceeds non-taxable capital receipts, excludible from book profits u/s 115JB; Section 80IA inapplicable

  • In Favour of Assessee
  • Citation Number : TS-1296-ITAT-2026(DEL)
  • Tax Payer : Kapil Mohan And Associates Hydro Power
Income tax Appellate Tribunal

ITAT: On property devolution, Trust beneficiary entitled to previous owner’s holding period; Interprets Sec. 49(1)(iii)

  • In Favour of Assessee
  • Citation Number : TS-1294-ITAT-2026(Ahd)
  • Tax Payer : Devikaben Navnitlal Patel
Income tax Appellate Tribunal

ITAT: Demonetization cash surge from genuine sales isn't undisclosed income; Deletes addition u/s 68

  • In Favour of Assessee
  • Citation Number : TS-1292-ITAT-2026(Ahd)
  • Tax Payer : Pravinkumar D Gandhi HUF
Income tax Appellate Tribunal

ITAT: Foreign Limited Partnership’s ‘company’ status under DTAA determines due date & STCL carry-forward eligibility

  • In Favour of Assessee
  • Citation Number : TS-1288-ITAT-2026(Mum)
  • Tax Payer : Pabrai Investment Fund IV, L.P.
Income tax Appellate Tribunal

ITAT: Women’s marathon sponsorship magnitude alone doesn't attract Sec. 2(15) commercial proviso; Quashes Sec. 13(8) invocation

  • In Favour of Assessee
  • Citation Number : TS-1286-ITAT-2026(Mum)
  • Tax Payer : United Sisters Foundation
Income tax Appellate Tribunal

ITAT: Bank of Bahrain's NRI desk expense governed by Sec. 44C limitation; Disallows Sec. 37(1) claim

  • In Favour of Revenue
  • Citation Number : TS-1285-ITAT-2026(Mum)
  • Tax Payer : Bank Of Bahrain & Kuwait B.S.C.
Income tax Appellate Tribunal

ITAT: Bona-fide belief basis ICAI Guidance Note constitutes reasonable cause; Deletes penalty for tax audit failure u/s 44AB

  • In Favour of Assessee
  • Citation Number : TS-1287-ITAT-2026(Mum)
  • Tax Payer : Manish Pushkar Dayal Singhal
High Court

HC: Pending interest waiver writ petition makes Assessee 'appellant' u/s 89(1)(a) of VsV; Sets-aside rejection order

  • In Favour of Assessee
  • Citation Number : TS-1284-HC-2026(P & H)
  • Tax Payer : Subhash Chander Mittal
Income tax Appellate Tribunal

ITAT: TDS provisions inapplicable for relevant AY, being first year for tax audit; Deletes penalty u/s 271(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-1251-ITAT-2026(Mum)
  • Tax Payer : Ashwin Ramesh Saksena
Income tax Appellate Tribunal

ITAT: Sec. 68 inapplicable to SBN deposits representing repayment of existing loan receivables

  • In Favour of Assessee
  • Citation Number : TS-1278-ITAT-2026(Mum)
  • Tax Payer : Agora Microfinance India Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271(1)(c) penalty given TDS exceeds tax sought to be evaded

  • In Favour of Assessee
  • Citation Number : TS-1277-ITAT-2026(Mum)
  • Tax Payer : Hitesha Sachin Takur
Income tax Appellate Tribunal

ITAT: Condones delay in Sec. 154 rectification, 4-year limitation runs from communication, not order date

  • In Favour of Assessee
  • Citation Number : TS-1271-ITAT-2026(Mum)
  • Tax Payer : Ronch Polymers Private Ltd
Income tax Appellate Tribunal

ITAT: Foreign salary of non-resident not taxable in India merely due to payment by Indian-employer

  • In Favour of Assessee
  • Citation Number : TS-1270-ITAT-2026(Bang)
  • Tax Payer : Kachana Raghunatha Reddy
Income tax Appellate Tribunal

ITAT: Allows write-off of unbilled revenue for KPMG India, follows coordinate bench ruling

  • In Favour of Assessee
  • Citation Number : TS-1264-ITAT-2026(Mum)
  • Tax Payer : KPMG India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sec. 12AB registration cannot be rejected without opportunity to cure defects; Quashes CIT(E) order

  • In Favour of Assessee
  • Citation Number : TS-1261-ITAT-2026(Ahd)
  • Tax Payer : Amrutlal Parshotam Jain Dharmshala Trust
Income tax Appellate Tribunal

ITAT: No double deduction when depreciation claimed only on fixed asset expenditure not application of income

  • In Favour of Assessee
  • Citation Number : TS-1280-ITAT-2026(AGR)
  • Tax Payer : Saqlainia Shikchhan Prasar