Direct tax Weekly Digest

Weekly Digest #22 31 May to 06 Jun 2026 7 Rulings

High Court HC: Upholds Sec. 69 addition on unexplained investment lacking transfer or ownership documents

Jun 06, 2026

In Favour of : Revenue
Citation Number : TS-822-HC-2026(MAD)

Income tax Appellate Tribunal ITAT: Denies Sec. 80P deduction for invalid belated ITR filed after completion of assessment

Jun 06, 2026

In Favour of : Revenue
Citation Number : TS-808-ITAT-2026(Bang)

Income tax Appellate Tribunal ITAT: Deletes penalty u/s 43 of BMA on foreign assets disclosed in Sec. 153C return sans addition

Jun 06, 2026

In Favour of : Assessee
Citation Number : TS-810-ITAT-2026(Ahd)

Income tax Appellate Tribunal ITAT: Deletes Sec. 69A addition, validates demonetization-period cash as genuine business advances despite VAT non-compliance

Jun 06, 2026

In Favour of : Assessee
Citation Number : TS-824-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Bad debt write-off allowable u/s 36(1)(vii) & subsequent recovery doesn't preclude deduction

Jun 06, 2026

In Favour of : Assessee
Citation Number : TS-828-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Only embedded profit from bogus purchases can be added where genuineness of purchases are proved

Jun 06, 2026

In Favour of : Assessee
Citation Number : TS-829-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Unexplained cash addition solely on third party statement, unsustainable; Sec. 132(4A) presumption inapplicable sans corroboration, cross-examination

Jun 06, 2026

In Favour of : Assessee
Citation Number : TS-819-ITAT-2026(DEL)

Weekly Digest #21 24 May to 30 May 2026 6 Rulings

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)

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)

Income tax Appellate Tribunal ITAT: Disallowance u/s 43B unsustainable on unclaimed GST liability in profit & loss account

May 30, 2026

In Favour of : Assessee
Citation Number : TS-779-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Deletes Sec. 56(2)(viib) addition for share premium on non-equity & preferential shares

May 30, 2026

In Favour of : Assessee
Citation Number : TS-778-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Quashes reassessment u/s 148 for bogus donations as notice issued beyond limitation & escaped income below Rs. 50 Lac

May 30, 2026

In Favour of : Assessee
Citation Number : TS-784-ITAT-2026(AGR)

Income tax Appellate Tribunal ITAT: Deletes Sec. 68 addition on unexplained sundry creditors, given unsecured loan repaid via banking channel & onus discharged

May 30, 2026

In Favour of : Assessee
Citation Number : TS-776-ITAT-2026(Ahd)

Weekly Digest #20 17 May to 23 May 2026 6 Rulings

Income tax Appellate Tribunal ITAT: Capital loss in intra-group transfer for Escorts Institute not artificial arrangement sans proof of fraudulent transfer

May 23, 2026

In Favour of : Assessee
Citation Number : TS-746-ITAT-2026(CHANDI)

Income tax Appellate Tribunal ITAT: Unaccounted income addition basis seized documents, third-party statement invalid, without cross-examination opportunity

May 23, 2026

In Favour of : Assessee
Citation Number : TS-747-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Upholds deemed dividend u/s 2(22)(e) on interest-bearing loan due to accumulated profits, no money-lending business

May 23, 2026

In Favour of : Revenue
Citation Number : TS-748-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Deletes unexplained share capital addition in Public Limited Company, as subscriber creditworthiness established

May 23, 2026

In Favour of : Assessee
Citation Number : TS-743-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Quashes reassessment based on borrowed satisfaction sans independent inquiry; Assessee discharged onus of unexplained loan

May 23, 2026

In Favour of : Assessee
Citation Number : TS-742-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Omission to specify exact limb u/s 270A, vitiates penalty proceedings; Deletes penalty for misreporting

May 23, 2026

In Favour of : Assessee
Citation Number : TS-694-ITAT-2026(CHNY)

Weekly Digest #19 10 May to 16 May 2026 9 Rulings

High Court HC: Procedural lapse in filing audit report in Form 10BB instead of Form 10B, cannot defeat entitlement of exemption u/s 12A

May 16, 2026

In Favour of : Assessee
Citation Number : TS-673-HC-2026(CAL)

High Court HC: Sets aside Sec. 154 order as barred by limitation, for absence of DIN & violation u/s 154(3)

May 16, 2026

In Favour of : Assessee
Citation Number : TS-706-HC-2026(CAL)

High Court HC: Quashes Sec. 270AA immunity rejection order sans established misrepresentation or suppression of facts

May 16, 2026

In Favour of : Assessee
Citation Number : TS-699-HC-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Deletes penalty u/s 270A levied solely on third-party ledger entries sans corroborative evidence

May 16, 2026

In Favour of : Assessee
Citation Number : TS-705-ITAT-2026(CHNY)

Income tax Appellate Tribunal ITAT: Sec. 271(1)(c)/270A unsustainable merely on depreciation disallowance sans concealment or misreporting of income

May 16, 2026

In Favour of : Assessee
Citation Number : TS-707-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Allows Sec. 54B exemption on investment in new agricultural land despite non-deposit in capital gains account scheme

May 16, 2026

In Favour of : Assessee
Citation Number : TS-701-ITAT-2026(DDN)

Income tax Appellate Tribunal ITAT: Sec. 263 order on deemed dividend unsustainable where AO made due inquiry & order not erroneous

May 16, 2026

In Favour of : Assessee
Citation Number : TS-704-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Holds Sec. 148 notice barred by limitation u/s 149(1) following Rajeev Bansal; Quashes reassessment

May 15, 2026

In Favour of : Assessee
Citation Number : TS-697-ITAT-2026(CHNY)

Income tax Appellate Tribunal ITAT: Source of investment proven through investor's direct confirmation & documentary evidence; Deletes Sec. 68 addition

May 15, 2026

In Favour of : Assessee
Citation Number : TS-693-ITAT-2026(DEL)

Weekly Digest #18 03 May to 09 May 2026 6 Rulings

High Court HC: Quashes Sec. 143(2)/142(1) notice issued to Reliance as barred by limitation & issued in name of non-existing company

May 09, 2026

In Favour of : Assessee
Citation Number : TS-663-HC-2026(BOM)

High Court HC: Quashes criminal proceedings for lack of jurisdiction & absence of penalty u/s 271(f); Relies on K.C. Builder ruling

May 09, 2026

In Favour of : Assessee
Citation Number : TS-658-HC-2026(MAD)

High Court HC: Reassessment invalid basis change of opinion on issue accepted during original assessment u/s 143(3)

May 09, 2026

In Favour of : Assessee
Citation Number : TS-657-HC-2026(BOM)

Income tax Appellate Tribunal ITAT: Denies Sec. 54 exemption due to investment in ‘plinth’ instead of ‘residential property’ & failure to deposit unutilized gains in capital gains account

May 09, 2026

In Favour of : Assessee
Citation Number : TS-664-ITAT-2026(LKW)

Income tax Appellate Tribunal ITAT: Deletes Sec. 69 addition for unexplained investment, FMV & stamp duty difference below 10%

May 09, 2026

In Favour of : Assessee
Citation Number : TS-661-ITAT-2026(Ahd)

Income tax Appellate Tribunal ITAT: ITAT: Penalty proceedings u/s 270A ‘invalid’ sans recording of satisfaction in assessment order

May 09, 2026

In Favour of : Assessee
Citation Number : TS-656-ITAT-2026(CHNY)

Weekly Digest #17 26 Apr to 02 May 2026 7 Rulings

High Court HC: No disallowance u/s 40(a)(ia) warranted in cases of short deduction of tax at source

May 02, 2026

In Favour of : Assessee
Citation Number : TS-614-HC-2026(BOM)

High Court HC: Reassessment basis manual Form 10 filing, already examined in original assessment, sans tangible material impermissible

May 02, 2026

In Favour of : Assessee
Citation Number : TS-625-HC-2026(TEL)

High Court HC: Sec. 10B deduction cannot be capped at 19% sans conclusive evidence of EOU-sister concern arrangement to inflate profit

May 02, 2026

In Favour of : Assessee
Citation Number : TS-627-HC-2026(BOM)

Income tax Appellate Tribunal ITAT: ITAT: Myntra's receipts towards manpower support services from Flipkart not taxable as FTS sans ‘make available’ condition

May 02, 2026

In Favour of : Assessee
Citation Number : TS-626-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Sale proceeds from uprooted old rubber trees, constitutes agricultural income, exempt u/s 2(1A) & 10(1)

May 02, 2026

In Favour of : Assessee
Citation Number : TS-623-ITAT-2026(CHNY)

Income tax Appellate Tribunal ITAT: ITAT: One-time bonus paid to Chief Scientific Officer not part of scientific research, not eligible for deduction u/s 35(2AB)

May 02, 2026

In Favour of : Assessee
Citation Number : TS-624-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Disallowance u/s 14 not applicable without exempt income; Relies on SC judgment in Cheminvest

May 02, 2026

In Favour of : Assessee
Citation Number : TS-628-ITAT-2026(DEL)

Weekly Digest #16 19 Apr to 25 Apr 2026 7 Rulings

High Court HC: Quashes excess depreciation disallowance on genuine cinematographic film sale-leaseback transactions; Suspicion alone insufficient

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-587-HC-2026(MAD)

High Court HC: Condones 430 days bonafide delay in filing Form No. 10 sans statutory time limit; Adopts liberal & justice oriented approach

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-585-HC-2026(BOM)

High Court HC: Upholds PCIT order u/s 119(2)(b) rejecting 6 years condonation of over delay in filing ITR to claim refund; CBDT circular mandatory

Apr 25, 2026

In Favour of : Revenue
Citation Number : TS-584-HC-2026(KER)

High Court HC: Sets aside assessment order & consequential demand; Grants Assessee another opportunity of filing reply

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-582-HC-2026(DEL)

High Court HC: Sales tax subsidy received under State Government Scheme, non-taxable capital receipt, excluded from book profit u/s 115JB

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-578-HC-2026(CAL)

Income tax Appellate Tribunal ITAT: Condones Sec. 12A registration delay due to procedural lapses & interpretational confusion; Remits back for denovo adjudication

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-594-ITAT-2026(Ahd)

Income tax Appellate Tribunal ITAT: Allows Sec. 87A rebate on STCG u/s 111A where income below Rs. 7 Lac threshold

Apr 25, 2026

In Favour of : Assessee
Citation Number : TS-589-ITAT-2026(Rjt)

Weekly Digest #15 12 Apr to 18 Apr 2026 6 Rulings

High Court HC: Loan raising expenditure for repaying liabilities & statutory dues allowable; Cannot question Assessee’s commercial expediency

Apr 18, 2026

In Favour of : Assessee
Citation Number : TS-543-HC-2026(DEL)

Income tax Appellate Tribunal ITAT: Quashes reassessment u/s 148 sans signature or valid sanction; Unsigned approval vitiates jurisdiction

Apr 18, 2026

In Favour of : Assessee
Citation Number : TS-553-ITAT-2026(Rjt)

Income tax Appellate Tribunal ITAT: Deletes Sec. 68 addition on share capital as unsustainable on proven identity, creditworthiness & genuineness despite shareholder non-appearance

Apr 18, 2026

In Favour of : Assessee
Citation Number : TS-548-ITAT-2026(Kol)

Income tax Appellate Tribunal ITAT: Quashes reassessment due to incorrect ‘reasons to believe’ basis non-attributable penny stock transactions

Apr 18, 2026

In Favour of : Assessee
Citation Number : TS-552-ITAT-2026(Rjt)

Income tax Appellate Tribunal ITAT: Allows Sec. 80IC deduction despite delayed Form 10CCB due to technical omission

Apr 18, 2026

In Favour of : Assessee
Citation Number : TS-551-ITAT-2026(CHNY)

Income tax Appellate Tribunal ITAT: Upholds Sec. 68 addition on accommodation share capital sans Assessee’s failure to discharge primary onus

Apr 18, 2026

In Favour of :
Citation Number : TS-549-ITAT-2026(DEL)

Weekly Digest #14 05 Apr to 11 Apr 2026 8 Rulings

High Court HC: Interest on temporarily parked project funds, intrinsically linked to setup, non-taxable capital receipt

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-508-HC-2026(DEL)

High Court HC: Assessee entitled to new-tax regime benefits u/s 115BBA despite 13 days delay in filing Form 10IC; Substantive right prevails over procedural requirement

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-510-HC-2026(BOM)

Income tax Appellate Tribunal ITAT: Penalty u/s 271(1)(c) unsustainable due to inconsistency between initiation & final levy of penalty; Relies on Manjunatha Cotton judgment

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-509-ITAT-2026(HYD)

Income tax Appellate Tribunal ITAT: Cooperative society receiving interest from another society is eligible for deduction u/s 80P(2)(d)

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-504-ITAT-2026(Bang)

Income tax Appellate Tribunal ITAT: ITAT: TDS credit allowable despite timing mismatch between income recognition & deduction year, subject to verification

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-505-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Reassessment based on Investigation Wing report sans independent inquiry invalid

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-502-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Sec. 143(2) notice issued by non-jurisdictional AO renders assessment void ab initio

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-500-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Addition basis wrong classification in ITR due to inadvertent mistake, unsustainable

Apr 11, 2026

In Favour of : Assessee
Citation Number : TS-511-ITAT-2026(DEL)

Weekly Digest #13 29 Mar to 04 Apr 2026 8 Rulings

High Court HC: Capital gain on business assets to pass through Profit & Loss account, not reserves, for Section 115JB book profits

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-469-HC-2026(MAD)

Income tax Appellate Tribunal ITAT: Sec. 14A disallowance unsustainable on interest receipts between BNP Paribas HO & Branch basis 'mutuality principle'

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-470-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Sec. 68 additions in first year of operation unsustainable; Deletes addition as genuineness & creditworthiness satisfied

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-463-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Agreement date is "appointed date" for Sec. 50C valuation; Sec. 54 deduction allowable from date of registered transfer

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-468-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Quashes assessment due to time barred Sec. 143(2) notice; Limitation provision non-compliance, a substantive illegality

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-465-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Payment for project-specific architectural & consultancy services not FTS sans ‘make available’; No TDS liability

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-464-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Quashes Sec. 153C assessment based solely on third party document sans corroborative incriminating evidence

Apr 04, 2026

In Favour of : Assessee
Citation Number : TS-466-ITAT-2026(HYD)

Income tax Appellate Tribunal ITAT: Deletes Sec. 68 addition as Assessee sufficiently proved creditworthiness & genuineness of share capital

Apr 04, 2026

In Favour of :
Citation Number : TS-467-ITAT-2026(DEL)

Weekly Digest #12 22 Mar to 28 Mar 2026 7 Rulings

High Court HC: HC: Quashes assessment order passed subsequent to IBC resolution plan despite NCLT approval for continuation of adjudication

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-430-HC-2026(GUJ)

Income tax Appellate Tribunal ITAT: Deletes interest disallowance against Deloitte Touche LLP sans nexus between borrowings & advances

Mar 25, 2026

In Favour of : Both, Partially
Citation Number : TS-412-ITAT-2026(Mum)

High Court HC: Quashes reassessment based on GST cancellation order which stood revived by GST appellate authority

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-422-HC-2026(GUJ)

Income tax Appellate Tribunal ITAT: Quashes revision on CSR & Sec. 14A disallowance sans adjustment in MAT book profit u/s 115JB as twin conditions not fulfilled

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-424-ITAT-2026(Ahd)

Income tax Appellate Tribunal ITAT: Multiplicity of criminal proceedings & continuous incarceration constitutes ‘sufficient cause’ for condonation of delay

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-425-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Failure to issue draft assessment order u/s 144C, violation of procedure; Quashes assessment

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-420-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Deletes Sec. 272A(1)(d) penalty given Assessee’s bona fide conduct & remand of quantum proceedings

Mar 28, 2026

In Favour of : Assessee
Citation Number : TS-419-ITAT-2026(Ahd)

Weekly Digest #11 15 Mar to 21 Mar 2026 6 Rulings

High Court HC: Quashes arbitrary rejection of lower TDS certificate application against Make Mytrip; Cites Rule 28AA parameters mandatory

Mar 21, 2026

In Favour of : Assessee
Citation Number : TS-391-HC-2026(DEL)

High Court HC: Quashes reassessment for AY 2013-14 being time barred following Rajeev Bansal; Rejects Revenue’s ten year limitation plea

Mar 21, 2026

In Favour of : Assessee
Citation Number : TS-390-HC-2026(BOM)

High Court HC: Upholds ITAT's rectification of conflicting order on deemed dividends & TDS liability u/s 254(2) sans re-appreciation of evidences

Mar 21, 2026

In Favour of : Assessee
Citation Number : TS-387-HC-2026(TEL)

High Court HC: Condones 169 days delay in filing ITR due to internal corporate disputes sans past default

Mar 20, 2026

In Favour of : Assessee
Citation Number : TS-385-HC-2026(BOM)

Income tax Appellate Tribunal ITAT: ITAT: Sec. 270A(9) penalty not leviable where disallowance arise from bonafide error with full disclosure & tax neutral impact

Mar 21, 2026

In Favour of : Assessee
Citation Number : TS-389-ITAT-2026(HYD)

Income tax Appellate Tribunal ITAT: Technical glitch constitutes 'reasonable cause' u/s 273B, quashes penalty u/s 271B

Mar 21, 2026

In Favour of : Assessee
Citation Number : TS-388-ITAT-2026(CHNY)

Weekly Digest #10 08 Mar to 14 Mar 2026 6 Rulings

High Court HC: Quashes reassessment notice for AY 2014-15, as falling beyond 10 year limitation from searched AY

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-340-HC-2026(GUJ)

Income tax Appellate Tribunal ITAT: Surcharge not leviable on discretionary trust taxed at maximum marginal rate where income below Rs. 50 Lacs

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-341-ITAT-2026(Kol)

Income tax Appellate Tribunal ITAT: Sets aside Sec. 12AB registration cancellation of microfinance entity; Remits matter for fresh adjudication on public utility

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-348-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Reassessment based on suspicion of fund rotation sans tangible material indicating escapement of income unsustainable

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-345-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Upholds Sec. 43B disallowance on employee liability transferred on slump sale sans actual payment prior to due date u/s 139(1)

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-350-ITAT-2026(HYD)

Income tax Appellate Tribunal ITAT: Sets aside reassessment in deceased's name as null and void; Follows Savita Kapila

Mar 14, 2026

In Favour of : Assessee
Citation Number : TS-351-ITAT-2026(DEL)

Weekly Digest #9 01 Mar to 07 Mar 2026 6 Rulings

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)

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)

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)

Income tax Appellate Tribunal ITAT: Holds Sec. 153D approval as mechanical, without application of mind; Quashes assessment order as invalid

Mar 07, 2026

In Favour of : Assessee
Citation Number : TS-297-ITAT-2026(RAI)

Income tax Appellate Tribunal ITAT: Retrospective trust cancellation u/s 12A based on assessment order impermissible sans allegation of non-genuine activities

Mar 07, 2026

In Favour of : Assessee
Citation Number : TS-299-ITAT-2026(LKW)

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)

Weekly Digest #8 22 Feb to 28 Feb 2026 6 Rulings

High Court HC: Quashes reassessment based solely on vague 'Tax Evasion Petition' sans tangible material & corroborative evidence

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-260-HC-2026(GUJ)

High Court HC: Sec. 263 order unsustainable where AO made due enquiry & took plausible view

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-259-HC-2026(TEL)

High Court HC: Quashes reassessment on unexplained loan repaid via banking & onus discharged u/s 68

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-261-HC-2026(GUJ)

High Court HC: Condones 423 days bonafide delay in filing Form No. 10 sans statutory time limit

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-262-HC-2026(BOM)

Income tax Appellate Tribunal ITAT: Deletes Sec. 271(1)(c) penalty where Nil return filed under bona fide belief of non-existence of PE

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-263-ITAT-2026(DDN)

Income tax Appellate Tribunal ITAT: Condones delay in filing appeal given ‘sufficient cause’ showcased by Assessee; Substantial justice supersedes procedural laws

Feb 28, 2026

In Favour of : Assessee
Citation Number : TS-257-ITAT-2026(AGR)

Weekly Digest #7 15 Feb to 21 Feb 2026 7 Rulings

High Court HC: HC: System glitches no excuse for inaction; Directs Revenue to grant long-pending FBT refunds

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-211-HC-2026(BOM)

High Court HC: HC: Quashes reassessment proceedings being contrary to notified mandatory procedure u/s 151A; Follows Hexaware

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-212-HC-2026(BOM)

High Court HC: HC: Rules interim Court deposits are not taxable until final crystallization; Quashes assessment order

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-213-HC-2026(TEL)

High Court HC: HC: Sets-aside 15% TDS certificate as receipts not taxable in India; Directs automatic NIL certificates for subsequent years

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-182-HC-2026(DEL)

High Court HC: HC: Delayed Form 67 cannot defeat foreign tax credit claim; PCIT empowered to condone delay u/s 264

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-214-HC-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Trust’s activity genuineness solely relevant for Sec.12AB registration, not quantum of expenditure or creditworthiness of donors

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-215-ITAT-2026(Bang)

Income tax Appellate Tribunal ITAT: ITAT: Reassessment based on mechanical sanction u/s 151 unsustainable; Relies on Lakhmani judgment

Feb 21, 2026

In Favour of : Assessee
Citation Number : TS-199-ITAT-2026(Kol)

Weekly Digest #6 08 Feb to 14 Feb 2026 5 Rulings

High Court HC: Upholds addition on bank stock statement as Assessee failed to disprove authenticity despite cross examination opportunity

Feb 14, 2026

In Favour of : Revenue
Citation Number : TS-166-HC-2026(P & H)

High Court HC: Sec. 40(a)(i) disallowance unsustainable on unclaimed external development charges paid to HUDA

Feb 14, 2026

In Favour of : Assessee
Citation Number : TS-161-HC-2026(DEL)

Income tax Appellate Tribunal ITAT: Deletes Sec. 153A addition solely based on undated & uncorroborated loose sheets; Relies on Common Cause ruling

Feb 14, 2026

In Favour of : Assessee
Citation Number : TS-173-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Dismisses MA on review of remand directions in slump sale case; No rectification invocable for reconsideration of merits

Feb 14, 2026

In Favour of : Assessee
Citation Number : TS-174-ITAT-2026(Mum)

High Court HC: Registration u/s 12A rendered infructuous due to subsequent registration u/s 12AB & its reversal; Question of ‘education’ left open

Feb 14, 2026

In Favour of : Assessee
Citation Number : TS-168-HC-2026(MAD)

Weekly Digest #5 01 Feb to 07 Feb 2026 7 Rulings

High Court HC: Settlement Commission lacks jurisdiction to reopen concluded settlement by rectification u/s 154 to levy Sec. 234B interest

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-139-HC-2026(BOM)

High Court HC: Adjustment u/s 143(1) on denial of concessional tax u/s 115BAA sans show cause notice, unsustainable

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-142-HC-2026(BOM)

High Court HC: Quashes assessment due to non-consideration of Assessee’s personal hearing request; Directs compliance with SOP

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-119-HC-2026(GUJ)

Income tax Appellate Tribunal ITAT: Deletes Sec. 271(1)(c) penalty on inadvertent claim of deduction u/s 80-IC sans tax evasion, due to higher MAT liability

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-144-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Appellate order in deceased Assessee’s name without substituting legal heir, null and void u/s 159

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-140-ITAT-2026(LKW)

Income tax Appellate Tribunal ITAT: CIT(A) not empowered to set-aside ex-parte assessment sans adjudication of jurisdictional validity of reassessment

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-143-ITAT-2026(CHANDI)

High Court HC: Deletes Sec. 68 addition as Assessee sufficiently proved creditworthiness & genuineness of share capital

Feb 07, 2026

In Favour of : Assessee
Citation Number : TS-141-HC-2026(CAL)

Weekly Digest #4 25 Jan to 31 Jan 2026 6 Rulings

High Court HC: Quashes criminal prosecution post compounding; Inordinate delay makes continued TDS prosecution an abuse of criminal process law

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-110-HC-2026(CAL)

Income tax Appellate Tribunal ITAT: Penalty towards delayed supply to Government, compensatory in nature, allowable u/s 37(1)

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-109-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Providing essential facilities in IT/Software Park qualifies as PGBP, not income from house property

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-108-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: AO not empowered to reopen, revise, or rectify the assessment u/s 154 post settlement under DTVsV

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-106-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Sec. 56(2)(vii)(b) addition unsustainable on agricultural land, excluded from capital asset u/s 2(14)

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-105-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Declines 297 days delay condonation; Rejects Assessee’s plea of management change sans corroborative evidence

Jan 31, 2026

In Favour of : Assessee
Citation Number : TS-111-ITAT-2026(HYD)

Weekly Digest #3 18 Jan to 24 Jan 2026 5 Rulings

High Court HC: Sets aside ex-parte reassessment order sans effective service at Assessee’s updated address; Remits for denovo adjudication

Jan 24, 2026

In Favour of : Assessee
Citation Number : TS-71-HC-2026(KAR)

Income tax Appellate Tribunal ITAT: Allows employees’ PF deduction despite one-day delay due to technical glitches; Distinguishes Checkmate judgment

Jan 24, 2026

In Favour of : Assessee
Citation Number : TS-72-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: Pre-amalgamation income of predecessor cannot be clubbed with successor’s income through single reassessment order

Jan 24, 2026

In Favour of : Assessee
Citation Number : TS-80-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Sec. 80-IA deduction cannot be denied by notional set-off of absorbed pre-initial losses where Assessee chooses initial AY

Jan 24, 2026

In Favour of : Assessee
Citation Number : TS-79-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Disallowance of delayed PF deposit not debatable; SC Checkmate ruling applies retrospectively

Jan 24, 2026

In Favour of : Revenue
Citation Number : TS-1764-ITAT-2025(DEL)

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