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Mumbai ITAT Confirms Section 68 Addition: Failure to Prove Genuineness of Penny Stock Transactions Results in Adverse Order Against Assessee
Nishit Praful Gogri Vs DCIT
(2026) TaxCorp(LJ) 37759 (ITAT-MUMBAI)
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Mumbai ITAT Bars Double Taxation on Hybrid Application of Sec. 44AD & Sec. 43CA in Flat Sale: Presumptive Scheme Prevails
Mukesh Vasantkumar Chandan Vs ITO
(2026) TaxCorp(LJ) 37758 (ITAT-MUMBAI) · Sections 43CA, 44AD
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Delhi ITAT Rules Maturity Proceeds from Assigned Keyman Insurance Policy Taxable; Explanation to Section 10(10D) Held Retrospective and Clarificatory
Harsimron Singh Sandhu Vs Deputy Commissioner of Income Tax
(2026) TaxCorp(LJ) 37757 (ITAT-DELHI) · Section 10(10D)
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Mumbai ITAT Directs AO to Grant Section 244A Interest on Refund Delayed under DTVSV Settlement to LIC Housing Finance Ltd.
LIC Housing Finance Ltd. Vs Assistant Commissioner of Income Tax
(2026) TaxCorp(LJ) 37756 (ITAT-MUMBAI)
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Delhi ITAT Rules Sale of Off-the-Shelf Software Licences by Canadian Company Not Taxable as Royalty or FIS; Rejects Existence of PE in India
Computer Modelling Group Ltd Vs Assistant Commissioner of Income Tax
(2026) TaxCorp(LJ) 37755 (ITAT-DELHI)
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Unrealised Loss on NIFTY-Linked Debentures Held as Allowable Expenditure: Mumbai ITAT Holds Loss on Fair Valuation Not Contingent; Cites Woodward Governor & Bank of Bahrain Rulings
Nomura Capital (India) Private Limited Vs Deputy Commissioner of Income Tax
(2026) TaxCorp(LJ) 37754 (ITAT-MUMBAI)
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ITAT Mumbai Allows Tata Steel’s ₹518.75 Cr Interest Claim on Borrowings for Corus Acquisition; Recognises Overseas Expansion as Legitimate Business Purpose
Tata Steel Ltd Vs DCIT
(2026) TaxCorp(LJ) 37753 (ITAT-MUMBAI)
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Mumbai ITAT Rectifies Error: Turnover Threshold for TDS under Section 194A(3) is Prospective, Not Retroactive for Co-operative Societies
Abhyudaya Co-operative Bank Ltd Vs Income Tax Officer
(2026) TaxCorp(LJ) 37752 (ITAT-MUMBAI) · Sections 194A, 254(2)
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Karnataka High Court Upholds Taxation of Voluntarily Disclosed Income; Assessee’s Attempt to Retract Admission Rejected Due to Absence of Timely Challenge or Retraction
Narayan Rao Hebri Vs The ACIT
(2026) TaxCorp(LJ) 37751 (HC-KARNATKATA)
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Delhi High Court Overturns ITAT’s Order: Orders Fresh Inquiry into Trust’s 12AB & 80G Registrations Due to Non-Submission of Documents
Kush Innovative Foundation Vs CIT
(2026) TaxCorp(LJ) 37750 (HC-DELHI) · Section 12AB, 80G
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Calcutta High Court Upholds Long-Term Capital Gain Treatment on Sale of Unquoted ICICI Bank Preference Shares; Disallows Revenue’s Recharacterization and Confirms ITAT Quash of PCIT Revision under Section 263
Russel Credit Limited Vs Principal Commissioner of Income Tax-1
(2026) TaxCorp(LJ) 37749 (HC-CALCUTTA)
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Bombay High Court Overturns CIT(E) Decision, Orders Condonation of Delay in Form 10 Filing Due to Absence of Statutory Time Limit for AY 2015-16
Francis Xavier Church Vs The Commissioner of Income Tax
(2026) TaxCorp(LJ) 37748 (HC-BOMBAY)
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Gujarat High Court Invalidates Section 148 Reassessment for Unsecured Loans, Affirms Assessee Not Required to Prove ‘Source of Source’ Prior to April 2023
Laxmi Infra Developers Limited Vs Assistant Commissioner Of Income Tax
(2026) TaxCorp(LJ) 37747 (HC-GUJARAT) · Section 68
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Gujarat High Court Sets Aside Section 148 Reassessment Based on Unsubstantiated Tax Evasion Petition, Citing Lack of Tangible Evidence and Non-Supply of Foundational Documents
Shah Nanchandbhai Ranchhoddas Choksi Vs ITO
(2026) TaxCorp(LJ) 37746 (HC-GUJARAT)
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Telangana High Court Affirms ITAT’s Quashing of Section 263 Revision: PCIT’s Challenge on Forex Loss and Miscellaneous Expenditure Fails Due to Lack of ‘Erroneous and Prejudicial’ Findings
VST Industries Ltd Vs The Commissioner of Income Tax-III
(2026) TaxCorp(LJ) 37745 (HC-AP) · Section 263
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ITAT Dehradun Quashes Concealment Penalty on Foreign Company: Bona Fide Absence of PE and Full Disclosure Shield Assessee
Seabird Exploration FZLLC Vs ACIT
(2026) TaxCorp(LJ) 37744 (ITAT-DEHRADUN) · Section 271(1)(c)
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Agra ITAT Emphasizes Substantial Justice, Condones 46-Day Delay in Section 271B Penalty Appeal Owing to Staff Negligence
Ambah Co-operative Marketing Society Vs ITO
(2026) TaxCorp(LJ) 37743 (ITAT-AGRA)
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Delhi ITAT Rules Against Revenue: No Beneficial Ownership Attributed to Assessees for Overseas Company Assets—Corporate Veil Not Lifted in Absence of Tainted Transactions
Pradeep Wig Vs ACIT
(2026) TaxCorp(LJ) 37742 (ITAT-DELHI)
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No Capital Gains on Revaluation of Goodwill and Admission of New Partner—Section 45(4) Not Invoked Where No Asset Transfer Occurs
Anand Diagnostic Laboratory Vs The Deputy Commissioner of Income Tax
(2026) TaxCorp(LJ) 37741 (ITAT-BANGALORE) · Section 45(4)
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Chennai ITAT Quashes BMA Assessment for Wrong Assessment Year; Holds Taxable Event Arises on Date of Section 10(1) Notice
Smt. Elangovan Malarmangai @ Swetha Vs The Addl. Commissioner of Income Tax
(2026) TaxCorp(LJ) 37740 (ITAT-CHENNAI)
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