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Landmark Rulings

Direct Tax landmark rulings

15,748 rulings

  1. ITAT Delhi · 28 Jul 2026
    Delhi ITAT Bars Double Taxation on Tahiliani Design: Settlement Commission’s Order Shields Assessee from Black Money Act Proceedings

    Tahiliani Design Pvt. Ltd Vs Addl. Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38406 (ITAT-DELHI)

  2. ITAT Chandigarh · 28 Jul 2026
    ITAT Chandigarh Quashes Disallowance of Interest Credited via Journal Entries Despite Debit Balances in Partners’ Accounts—Revenue’s Methodology Deemed Legally Flawed

    Megha Fincorp Vs The ITO

    (2026) TaxCorp(LJ) 38407 (ITAT-CHANDIGARH)

  3. ITAT Ahmedabad · 28 Jul 2026
    Ahmedabad ITAT Restricts Disallowance of Marketing Expenses to Rs. 5 Lakh; Entire Disallowance and Penalty under Section 270A Set Aside Due to Lack of Misreporting and Sufficient Audit Trail

    Globizz Synergy Private Limited Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38408 (ITAT-AHMEDABAD)

  4. ITAT Bangalore · 28 Jul 2026
    ITAT Bangalore Upholds TDS Credit Denial to Individual for Income Taxed in Partnership Firm; Directs Rectification for Firm to Claim Credit

    Gerald Sequeira Vs The Income Tax Officer

    (2026) TaxCorp(LJ) 38409 (ITAT-BANGALORE)

  5. ITAT Mumbai · 28 Jul 2026
    ITAT Mumbai Upholds Section 87A Rebate on Total Tax Including STCG under Section 111A for Resident Individuals under New Tax Regime

    Sejal Paras Doshi Vs The CIT

    (2026) TaxCorp(LJ) 38410 (ITAT-MUMBAI) · Section 87A

  6. ITAT Chennai · 25 Jul 2026
    Chennai ITAT Reaffirms Disallowance of Forex Loss on ECB Restatement After Conversion to Equity in Assessee's Own Case

    Egger Pumps India Private Limited Vs The Income Tax Officer

    (2026) TaxCorp(LJ) 38405 (ITAT-CHENNAI)

  7. ITAT Mumbai · 25 Jul 2026
    Mumbai ITAT Rectifies Omission: Directs AO to Exclude Stock-in-Trade Investments from Section 14A Disallowance in ICICI Bank Case

    ICICI Bank Limited Vs DCIT

    (2026) TaxCorp(LJ) 38404 (ITAT-MUMBAI) · Section 254

  8. Delhi High Court · 25 Jul 2026
    Delhi High Court Directs TDS Certificate Revision for Schlumberger: Mandates 1% Rate under Section 197 Owing to Consistent Losses and Unaltered Facts

    SCHLUMBERGERASIA SERVICESLIMITED REPRESENTED THROUGH ITSAUTHORIZED REPRESENTATIVEAMIT ARORA Vs The DCIT

    (2026) TaxCorp(LJ) 38403 (HC-DELHI) · Section 197

  9. ITAT Ahmedabad · 25 Jul 2026
    Ahmedabad ITAT Confirms Disallowance under Section 80GGC for Political Party Donation: Banking Channels and Receipts Deemed Insufficient Amid Findings of Accommodation Entry Scheme

    Meetkumar Hasmukhbhai Chaturvedi Vs The Income Tax Officer

    (2026) TaxCorp(LJ) 38402 (ITAT-AHMEDABAD) · Section 80GGC

  10. ITAT Chandigarh · 25 Jul 2026
    Chandigarh ITAT Upholds Denial of Section 12AB Registration—Provision of Student Transport Services Not a Charitable Purpose

    International Will Trust Vs The CIT

    (2026) TaxCorp(LJ) 38401 (ITAT-CHANDIGARH) · Sections 2(15), 12AB

  11. ITAT Hyderabad · 25 Jul 2026
    Hyderabad ITAT Rules Software Purchase from Malaysian AE Not ‘Royalty’; No TDS Required Under Section 195 Owing to Outright Sale and DTAA Provisions

    VALUE LABS LLP Vs DCIT

    (2026) TaxCorp(LJ) 38400 (ITAT-HYDERABAD) · Section 195

  12. ITAT Mumbai · 25 Jul 2026
    Mumbai ITAT Upholds ESOP Expenditure Deductibility Under Section 37(1) Despite Equity-Based Compensation Structure

    JM Financial Limited Vs DCIT

    (2026) TaxCorp(LJ) 38399 (ITAT-MUMBAI) · Section 37(1)

  13. ITAT Mumbai · 25 Jul 2026
    Foreign Exchange Loss Disallowance Set Aside Where Transaction-Wise Records Establish Correct Revenue-Capital Allocation

    Vodafone Idea Limited Vs ACIT

    (2026) TaxCorp(LJ) 38398 (ITAT-MUMBAI)

  14. ITAT Amritsar · 25 Jul 2026
    ITAT Amritsar Rules in Favour of Trust: Application for 80G Registration via Form 10AB Submitted Timely, Directs CIT(E) to Assess Eligibility in Light of Amended Provisions

    Kukreja Charitable Foundation Vs Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38240 (ITAT-AMRITSAR) · Section 80G(5)

  15. ITAT Chennai · 25 Jul 2026
    ITAT Chennai Directs Addition under Section 69A to Profit Margin Only Where Cash Deposits Reflect Transport Business Receipts; Full Deposits Cannot Be Treated as Unexplained

    Sennakrishnan Venkatachalam Vs The Income Tax Officer

    (2026) TaxCorp(LJ) 38241 (ITAT-CHENNAI) · Section 69A

  16. ITAT Chennai · 25 Jul 2026
    Chennai ITAT Bars Double Taxation of Demonetisation Cash Deposit; Restricts Addition under Section 69A to Unexplained Amounts Alone

    Sengodan Govindarajan Vs The Income Tax Officer

    (2026) TaxCorp(LJ) 38242 (ITAT-CHENNAI) · Section 69A

  17. ITAT Chennai · 25 Jul 2026
    Chennai ITAT Rules Land Within 6 KM of Municipality as Capital Asset, Limits Addition to Admitted Cash Consideration; Partial Relief on Indexed Cost Claim

    Narayanan Sundaramahalingam Rajkumar Vs The Assistant Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38243 (ITAT-CHENNAI)

  18. Bombay High Court · 25 Jul 2026
    Bombay High Court Bars Reassessment Beyond Four Years on Section 80-IA Claim After S.143(3) Scrutiny, Citing Full Disclosure and No New Material

    Chennai Container Terminal Pvt.Ltd Vs Assistant Commissioner of Income-tax

    (2026) TaxCorp(LJ) 38244 (HC-BOMBAY) · Section 80-IA

  19. Kerala High Court · 25 Jul 2026
    Kerala High Court Mandates Reconsideration of Delay Condonation in ITR Filing as Per Transition Between CBDT Circulars in AY 2018-19 Case

    SURESH VELU ELLATHUKALATHIL Vs PCIT

    (2026) TaxCorp(LJ) 38245 (HC-KERALA) · Section 119(2)(b)

  20. ITAT Delhi · 23 Jul 2026
    Delhi ITAT Orders De Novo Reassessment of Partners’ Capital Waiver Exemption Claims Due to Incomplete Disclosures by Assessee

    Accurate Pressings Vs The ITO

    (2026) TaxCorp(LJ) 38397 (ITAT-DELHI)

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