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Landmark Rulings

Direct Tax landmark rulings

15,765 rulings

  1. ITAT Mumbai · 20 Mar 2026
    Mumbai ITAT Exonerates Assessee from Section 69 Addition as Appellate Authority Validly Considers New Documentary Evidence of Investment Source

    Shareeka Prasanna Shetty Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37850 (ITAT-MUMBAI) · Section 69

  2. ITAT Delhi · 20 Mar 2026
    Delhi ITAT Affirms Validity of Section 263 Revision and Corrigendum for Amazon Smart Commerce Solutions Pvt. Ltd. Amidst Amalgamation

    Amazon Smart Commerce Solutions Pvt. Ltd. Vs Principal Commissioner Income Tax

    (2026) TaxCorp(LJ) 37849 (ITAT-DELHI)

  3. ITAT Chennai · 20 Mar 2026
    Chennai ITAT Quashes Section 94B Disallowance for Danish Subsidiary, Citing DTAA Non-Discrimination Clause

    Vestas Wind Technology India Private Limited Vs The ITO

    (2026) TaxCorp(LJ) 37848 (ITAT-CHENNAI) · Section 94B

  4. ITAT Mumbai · 20 Mar 2026
    Mumbai ITAT Rules Possession Date as Purchase Date for Section 54 Exemption, Favouring Substantive Compliance Over Formalities

    Shashank Merchant Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37847 (ITAT-MUMBAI) · Section 54

  5. ITAT Visakhapatnam · 20 Mar 2026
    Visakhapatnam ITAT Sets Aside Section 147 Assessment for AY 2015-16 Due to Time-Barred Notice under Section 148, Citing Section 149 First Proviso

    Srinivasa Rao Sirivuri Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37846 (ITAT-VISAKHAPATNAM) · Section 148, 149(1)(b)

  6. ITAT Visakhapatnam · 20 Mar 2026
    ITAT Mandates Reference to Valuation Officer for Fair Market Value Assessment under Section 50C: Short-Term Capital Gain to Be Recomputed

    Reddi Paiditalli Naidu Vs Commissioner of Income-Tax

    (2026) TaxCorp(LJ) 37845 (ITAT-VISAKHAPATNAM) · Section 50C

  7. ITAT Delhi · 20 Mar 2026
    Delhi ITAT Nullifies Reassessment and Penalty for Revenue’s Failure to Furnish Relied-Upon Evidence to Assessee in Property Transaction Case

    Veer Sawarkar Katyal Vs ITO

    (2026) TaxCorp(LJ) 37844 (ITAT-DELHI)

  8. ITAT Panaji · 20 Mar 2026
    ITAT Sets Aside Penalty under Section 270A Imposed Prior to Quantum Appeal Resolution, Citing Violation of Natural Justice and Statutory Procedure

    Beereshwar Co-op. Credit Society Ltd Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37843 (ITAT-PANAJI) · Section 270A

  9. Bombay High Court · 20 Mar 2026
    Bombay High Court Mandates Income Tax Authorities Not to Deny Section 12AB Registration to Charitable Trusts for Absence of Irrevocability Clause

    The Chamber of Tax Consultants Vs The Commissioner of Income Tax

    (2026) TaxCorp(LJ) 37842 (HC-BOMBAY) · Section 12AB

  10. Bombay High Court · 20 Mar 2026
    Bombay High Court Rules Assessment Order Time-Barred; Rejects Revenue’s Plea for Extended Limitation in Absence of Specific Findings or Directions

    S.V.S. Securities Ltd Vs The Assistant Commissioner of Income Tax

    (2026) TaxCorp(LJ) 37841 (HC-BOMBAY) · Section 153(6)(i)

  11. ITAT Chennai · 20 Mar 2026
    Chennai ITAT Upholds Addition of Income Declared but Not Paid under IDS; Disallows Section 115BBE Rate Following Jurisdictional High Court Ruling

    Shanmuga Sundaram Govindaraj Vs DCIT

    (2026) TaxCorp(LJ) 37840 (ITAT-CHENNAI)

  12. ITAT Mumbai · 20 Mar 2026
    Mumbai ITAT Orders Fresh Verification on Section 68 Addition Due to Alleged Misuse of PAN by Namesake; AO Directed to Consider Police Inquiry Report Before Making Addition

    Mitesh Suresh Shah Vs ITO

    (2026) TaxCorp(LJ) 37839 (ITAT-MUMBAI)

  13. ITAT Mumbai · 20 Mar 2026
    Mumbai ITAT Sets Aside Tax Addition Owing to Breach of Natural Justice: No Cross-Examination of Third Party Statement in ‘On Money’ Allegation

    Bhagawati M Jain Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37838 (ITAT-MUMBAI)

  14. ITAT Hyderabad · 20 Mar 2026
    Hyderabad ITAT: No Addition Under Section 56(2)(vii)(b) Where Consideration Paid Before 1 April 2013 and Property Treated as Stock-in-Trade

    Mahmood Hussain Syed Vs The Assistant Commissioner of Income-tax

    (2026) TaxCorp(LJ) 37837 (ITAT-HYDERABAD) · Section 56(2)(vii)(b)

  15. ITAT Ahmedabad · 20 Mar 2026
    Ahmedabad ITAT Quashes Reassessment: Assessee Entitled to Section 54F Deduction for Under-Construction Villa Paid Prior to Return Filing

    Romaben Keyur Thakore Legal heir of Late Anandiben Jitendrabhai Shah Vs The DCIT

    (2026) TaxCorp(LJ) 37836 (ITAT-AHMEDABAD) · Section 54F

  16. Bombay High Court · 18 Mar 2026
    Bombay High Court Upholds ITAT: Developer Status Confirmed for Infrastructure Deduction under Section 80-IA(4); Ownership Not Prerequisite

    Patel Engg. Ltd Vs The Commissioner of Income Tax

    (2026) TaxCorp(LJ) 37835 (HC-BOMBAY)

  17. ITAT Mumbai · 18 Mar 2026
    Mumbai ITAT Sets Aside CIT(A) Order for Lack of Show Cause on Salary Taxability; Mandates Verification on DTAA and TDS Claims

    Mrigesh Gaurav Vs ITO

    (2026) TaxCorp(LJ) 37834 (ITAT-MUMBAI) · Section 251(2)

  18. ITAT Mumbai · 18 Mar 2026
    Mumbai ITAT Orders Fresh Inquiry into Shilpa Shetty’s ₹12.54 Crore Gift Transaction, Citing Insufficient Evidence under Section 68

    Shilpa Shetty Kundra Vs DCIT

    (2026) TaxCorp(LJ) 37833 (ITAT-MUMBAI)

  19. ITAT Delhi · 18 Mar 2026
    Delhi ITAT Bars Double Addition: Section 69C and 68 Not Invokable Where Transactions Are Banked and Offered as Turnover

    PBG International Private Limited Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37832 (ITAT-DELHI) · Sections 68, 69C

  20. ITAT Mumbai · 18 Mar 2026
    Mumbai ITAT Holds Proportionate IPO Expenses Deductible under Section 48 for Shareholder Selling Shares via OFS Mechanism

    Zarah Rafique Malik Vs Income Tax Officer

    (2026) TaxCorp(LJ) 37831 (ITAT-MUMBAI) · Section 48(i)

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