Direct tax Weekly Digest

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)

Weekly Digest #2 11 Jan to 17 Jan 2026 7 Rulings

High Court HC: Upholds Settlement Commission order sans procedural illegality or violation of natural justice

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-48-HC-2026(P & H)

High Court HC: Allows adjustment of 20% demand under challenge before CIT(A); Directs Revenue to refund the balance

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-46-HC-2026(BOM)

High Court HC: Justifies interference due to Revenue’s arbitrariness & violation of natural justice principles in reassessment proceedings

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-32-HC-2026(CAL)

Income tax Appellate Tribunal ITAT: Payment towards transponder services to Bennett Coleman not ‘royalty’, not liable to deduct TDS under India-UK DTAA

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-47-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Validates reassessment pursuant to appellate directions u/s 150(1); AO empowered to reopen u/s 150 beyond prescribed limitation

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-41-ITAT-2026(LKW)

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

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-40-HC-2026(GUJ)

High Court HC: HC: Unsigned assessment order legally invalid & incurable defect u/s 292B; Quashes reassessment

Jan 17, 2026

In Favour of : Assessee
Citation Number : TS-43-HC-2026(BOM)

Weekly Digest #1 04 Jan to 10 Jan 2026 5 Rulings

Income tax Appellate Tribunal ITAT: Dismisses Revenue’s miscellaneous application u/s 254(2) sans ‘error apparent on record’, cannot re-argue/ recall concluded order

Jan 10, 2026

In Favour of : Assessee
Citation Number : TS-19-ITAT-2026(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Additional disallowance u/s 40(a)(ia) impermissible once Assessee suo motu disallowed 30% for TDS default

Jan 10, 2026

In Favour of : Assessee
Citation Number : TS-17-ITAT-2026(DEL)

High Court HC: Quashes reassessment proceedings for AY 2015-16, being time barred; Follows Rajeev Bansal judgment

Jan 10, 2026

In Favour of : Assessee
Citation Number : TS-1756-HC-2025(BOM)

Income tax Appellate Tribunal ITAT: Estimated commission addition u/s 153A unsustainable sans incriminating evidence when profits are disclosed

Jan 09, 2026

In Favour of : Assessee
Citation Number : TS-16-ITAT-2026(Mum)

Income tax Appellate Tribunal ITAT: Computer software integral to trading business, eligible for 60% depreciation despite in-house development

Jan 10, 2026

In Favour of : Assessee
Citation Number : TS-1754-ITAT-2025(DEL)

Weekly Digest #50 27 Dec to 03 Jan 2026 8 Rulings

High Court HC: Depreciation on block assets can’t be denied due to non-use of certain units during relevant AY

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1726-HC-2025(MAD)

High Court HC: HC: HC: IT utility cannot bar bona fide set-off claims; Directs CBDT accept paper revised return

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1734-HC-2025(BOM)

High Court HC: Stock-in-trade recorded in books of accounts and explained with coetaneous evidences not liable to be seized

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1737-HC-2025(BOM)

High Court HC: Manual ITR for AY 2007-08 non-est; Denies Sec. 80-IC deduction for non-compliance with Sec. 80AC

Jan 03, 2026

In Favour of : Revenue
Citation Number : TS-1722-HC-2025(MAD)

High Court HC: Commissioner can exercise powers u/s 264 to rectify mistakes made by Assessee in return

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1736-HC-2025(BOM)

Income tax Appellate Tribunal ITAT: Penalty u/s 271AAB(1A) levied solely basis retracted statement sans incriminating material unsustainable

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1735-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Quashes revision order; Sec. 69C cannot be invoked for disallowance of bogus purchases

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1733-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Tolerance band u/s 43CA applies retrospectively; Deletes addition given consideration within limit

Jan 03, 2026

In Favour of : Assessee
Citation Number : TS-1704-ITAT-2025(Mum)

Weekly Digest #49 21 Dec to 26 Dec 2025 7 Rulings

High Court HC: Individual rights accrued through orders attaining finality, cannot be whittled down; Direct re-computation of compounding charges

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1686-HC-2025(MAD)

High Court HC: Condones 8 minute delay in filing of Income Tax Return; Quashes & sets aside order u/s 119(2)(b)

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1708-HC-2025(BOM)

High Court HC: Quashes Sec.153C notice for non-mention of date & serving satisfaction note after two year’s delay

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1711-HC-2025(GUJ)

Income tax Appellate Tribunal ITAT: Denies indexation benefit on depreciable factory building sale; Sec. 50 applies despite non-use or altered character claims

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1716-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Levy of interest u/s 220(2) for period prior to fresh demand notice u/s 156, unsustainable

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1710-ITAT-2025(Mum)

High Court HC: Mere 3-days’ time for responding to SCN, inadequate; CBDT’s 7-day time limit mandatory

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1717-HC-2025(BOM)

Income tax Appellate Tribunal ITAT: No tax on Trust with overall deficit even if activity alleged to be commercial

Dec 26, 2025

In Favour of : Assessee
Citation Number : TS-1713-ITAT-2025(Mum)

Weekly Digest #48 14 Dec to 20 Dec 2025 5 Rulings

Income tax Appellate Tribunal ITAT: Donation received for organising Janmashtami Mahotsav & allied religious activities do not constitute business income u/s 11(4A)

Dec 20, 2025

In Favour of : Assessee
Citation Number : TS-1681-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Allows Sec. 54F deduction for residential property, as other under-construction property declared as business asset

Dec 20, 2025

In Favour of : Assessee
Citation Number : TS-1690-ITAT-2025(Ahd)

Income tax Appellate Tribunal ITAT: Reimbursement of salaries paid to seconded employees on cost-to-cost basis not taxable FTS; Relies on Boeing India ruling

Dec 20, 2025

In Favour of : Assessee
Citation Number : TS-1689-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Deletes addition u/s 69C & 69A, as AO exceeded revision jurisdiction under Section 263; Cash transactions duly explained

Dec 20, 2025

In Favour of : Assessee
Citation Number : TS-1688-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: ITAT: Addition for bogus purchases u/s 69 unsustainable sans rejection of books of accounts u/s 145(3)

Dec 20, 2025

In Favour of : Assessee
Citation Number : TS-1680-ITAT-2025(DEL)

Weekly Digest #47 07 Dec to 13 Dec 2025 6 Rulings

High Court HC: Subsequent Superior Court ruling no ground for ITAT to invoke Sec. 254(2); No mistake apparent in ITAT's original order

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1643-HC-2025(BOM)

Income tax Appellate Tribunal ITAT: Integrated leasing of educational infrastructure with bundled operational services constitutes business income, not IFHP

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1651-ITAT-2025(VIZ)

Income tax Appellate Tribunal ITAT: Sec. 143(2) notice not mandatory on non-est belated ITR; Validates assessment & remands for denovo adjudication

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1638-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Recalls order on Assessee’s MA, citing violation of natural justice & non-disposal of objections

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1636-ITAT-2025(CHNY)

Income tax Appellate Tribunal ITAT: TDS credit on salary undeniable to employee where employer deducted but failed to deposit tax; Liability to remit solely on employer

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1635-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Merely stating ‘Yes, I am satisfied’ by PCIT while granting approval u/s 151, insufficient; Quashes reassessment

Dec 13, 2025

In Favour of : Assessee
Citation Number : TS-1650-ITAT-2025(Rjt)

Weekly Digest #46 30 Nov to 06 Dec 2025 6 Rulings

High Court HC: Rejecting stay application without application of mind, unsustainable; Directs CIT(E) to decide afresh on merits

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1607-HC-2025(TEL)

Income tax Appellate Tribunal ITAT: Non-issuance of Sec. 143(2) notice, 'foundational infirmity' & fatal to reassessment

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1604-ITAT-2025(Bang)

Income tax Appellate Tribunal ITAT: Quashes Sec. 263 revision, holds Sec. 69C inapplicable where source of payment remains undisputed

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1606-ITAT-2025(DEL)

Income tax Appellate Tribunal ITAT: Deletes Sec. 68 addition on penny stock LTCG in Sec. 153A assessment sans incriminating material

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1600-ITAT-2025(Mum)

Income tax Appellate Tribunal ITAT: Condones 19-day delay in filing Form 10BB; Substantial justice prevails over procedural complexities

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1598-ITAT-2025(Mum)

Income tax Appellate Tribunal ITAT: Deletes Sec. 68 addition as Assessee sufficiently proved creditworthiness and genuineness of loan transaction

Dec 06, 2025

In Favour of : Assessee
Citation Number : TS-1601-ITAT-2025(DEL)

Weekly Digest #45 23 Nov to 29 Nov 2025 6 Rulings

High Court HC: Quashes reassessment, cites no failure to disclose fully & truly, issues already examined during original assessment

Nov 29, 2025

In Favour of : Assessee
Citation Number : TS-1582-HC-2025(GUJ)

High Court HC: Quashes Sec. 244A(2) order rejecting interest on advance tax refund sans delay attributable to Assessee

Nov 29, 2025

In Favour of : Assessee
Citation Number : TS-1574-HC-2025(BOM)

High Court HC: Assessment u/s 153A invalid given approval u/s 153D granted hastily without application of mind

Nov 29, 2025

In Favour of : Assessee
Citation Number : TS-1573-HC-2025(BOM)

High Court HC: Sec.148 notice beyond 6 years, post-Rajeev Bansal, not saved by Sec.149(1)-fifth proviso if barred by first proviso

Nov 29, 2025

In Favour of : Assessee
Citation Number : TS-1575-HC-2025(TEL)

High Court HC: Interest paid on delayed agricultural income tax not allowable as business expenditure u/s 37(1)

Nov 29, 2025

In Favour of : Revenue
Citation Number : TS-1572-HC-2025(KER)

Income tax Appellate Tribunal ITAT: Quashes Sec. 148 notice issued beyond 3 years due to improper sanction u/s 151

Nov 29, 2025

In Favour of : Assessee
Citation Number : TS-1567-ITAT-2025(Ahd)