Income Tax Case Laws & Precedents

M/S Bhagirath Dairy Private ... vs Assistant Commissioner Of Income Tax,, ... on 26 February, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH, JODHPUR BEFORE DR. MITHA LAL MEENA, HON'BLE ACCOUNTANT MEMBER AND SHRI SUDHIR PAREEK, HON'BLE JUDICIAL MEMBER...

M/S Bhagirath Dairy Private ... vs Assistant Commissioner Of Income Tax,, ... on 26 February, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL JODHPUR BENCH, JODHPUR BEFORE DR. MITHA LAL MEENA, HON'BLE ACCOUNTANT MEMBER AND SHRI SUDHIR PAREEK, HON'BLE JUDICIAL MEMBER...

Edgeverve Systems Limited ,Bangalore vs Acit, Circle-2(2)(1), Bangalore on 30 January, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.290 to 294/Bang/...

Edgeverve Systems Limited ,Bangalore vs Acit, Circle-2(2)(1), Bangalore on 30 January, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.290 to 294/Bang/...

Edgeverve Systems Limited ,Bangalore vs Acit, Circle-2(2)(1), Bangalore on 30 January, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.290 to 294/Bang/...

Edgeverve Systems Limited,Bangalore vs Acit, Circle-2(2)(1), Bangalore on 30 January, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.290 to 294/Bang/2...

Edgeverve Systems Limited,Bangalore vs Acit, Circle-2(2)(1), Bangalore on 30 January, 2026 IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA Nos.290 to 294/Bang/2...

Sunil Kumar Gattani,Jaipur vs The Asstt. Commissioner Of Income Tax ... on 13 November, 2025 vk;dj vihyh; vf/kdj.k] t;iqj U;k;ihB] t;iqj IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,"B" JAIPUR Mk0 ,l- lhrky{eh] U;kf;d lnL; ,oa Jh jkBksM deys'k t;UrHkkb...

Sanjeev Jacob vs Deputy Commissioner on 9 October, 2025 Author: S.R.Krishna Kumar Bench: S.R.Krishna Kumar -1- NC: 2025:KHC:39941 WP No. 27942 of 2025 HC-KAR IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9TH DAY OF OCTOBER, 2025 BEFORE THE HON'BLE...

Section 228 in The Income Tax Act, 2025 228. Relevant shipping income and exclusion from book profit. (1) For the purposes of this Part, the relevant shipping income of a tonnage tax company means— (a) its profits from core activities referred to in sub-sectio...

Section 227 in The Income Tax Act, 2025 227. Computation of tonnage income. (1) The tonnage income of a tonnage tax company for a tax year shall be the aggregate of the tonnage income of each qualifying ship computed as per sub-sections (2) and (3). (2) For th...

Section 224 in The Income Tax Act, 2025 224. Tax on income of investment fund and its unit holders. (1) Irrespective of anything contained in any other provision of this Act and subject to the provisions of this section, where a person, being a unit holder of ...

Section 210 in The Income Tax Act, 2025 210. Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer. (1) The income-tax payable on the total income of an assessee, being a specified fund or Foreign Institu...

Section 209 in The Income Tax Act, 2025 209. Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. (1) The income-tax payable, on the total income of an assessee, being a non-resident...

Section 207 in The Income Tax Act, 2025 207. Tax on dividends, royalty and fees for technical service in case of foreign companies. (1) The income-tax payable on the total income of a non-resident (not being a company) or of a foreign company, which includes a...

Section 205 in The Income Tax Act, 2025 205. Conditions for tax on income of certain companies and co-operative societies. (1) For the purposes of sections 199(1)(c)(i)(C), 200(1)(a)(iii), 201(3)(a)(iii), 203(1)(a)(ii) and 204(3)(a)(ii), the total income shall...

Section 202 in The Income Tax Act, 2025 202. New tax regime for individuals, Hindu undivided family and others. (1) Irrespective of anything contained in this Act other than Chapter XVII-B but subject to Parts A, B, E and this Part of this Chapter, the income-...

Section 198 in The Income Tax Act, 2025 198. Tax on long-term capital gains in certain cases. (1) Irrespective of anything contained in section 197, the tax payable by an assessee on his total income shall be determined as per the provisions of sub-section (2)...

Section 194 in The Income Tax Act, 2025 194. Tax on certain incomes. (1) Irrespective of anything contained in any other provision of this Act, where the total income of an assessee as mentioned in column B of the Table below, includes income of the nature spe...

Section 193 in The Income Tax Act, 2025 193. Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer. (1) Where the total income of an assessee, being an individual, who is a resident and an empl...

Section 184 in The Income Tax Act, 2025 184. Interpretation. For the purposes of this Chapter, unless the context otherwise requires,— (1) "accommodating party" means a party to an arrangement, if the main purpose of the direct or indirect participation of tha...

Section 175 in The Income Tax Act, 2025 175. Avoidance of tax by certain transactions in securities. (1) Where the owner of any securities (herein referred to as "the owner") sells or transfers such securities and buys back or reacquires them or buys or acquir...

Section 174 in The Income Tax Act, 2025 174. Avoidance of income-tax by transactions resulting in transfer of income to non-residents. (1) Where there is a transfer of assets before and after the commencement of this Act, and by virtue or in consequence of it,...

Section 168 in The Income Tax Act, 2025 168. Advance pricing agreement. (1) The Board, with the approval of the Central Government, may enter into an advance pricing agreement with any person, determining the— (a) arm's length price or specifying the manner in...

Section 166 in The Income Tax Act, 2025 166. Reference to Transfer Pricing Officer. (1) Where,— (a) the assessee has entered into an international transaction or specified domestic transaction in any tax year; and (b) the Assessing Officer considers it necessa...

Section 165 in The Income Tax Act, 2025 165. Determination of arm's length price. (1) The arm's length price in relation to an international transaction or specified domestic transaction shall be determined by any of the following methods, being the most appro...

Section 163 in The Income Tax Act, 2025 163. Meaning of international transaction. (1) For the purposes of this Chapter, the expression "international transaction" means a transaction between two or more associated enterprises, one of which is necessarily a no...

Section 232 in The Income Tax Act, 2025 232. Certain conditions for applicability of tonnage tax scheme. (1) A tonnage tax company shall, subject to and as per the provisions of this section, be required to credit to a reserve account (herein referred to as th...

Section 46 in The Income Tax Act, 2025 46. Capital expenditure of specified business. (1) An assessee, at his option, shall be allowed a deduction of the whole of the capital expenditure incurred, wholly and exclusively, for the purposes of any specified busin...

Section 332 in The Income Tax Act, 2025 332. Application for registration. (1) The following persons may, for claiming benefits under this Part as a registered non-profit organisation, make an application for registration in such form and manner, as may be pre...

Section 67 in The Income Tax Act, 2025 67. Capital gains. (1) Any profits or gains arising from the transfer of a capital asset effected in a tax year shall, save as otherwise provided in sections 82, 83, 84, 85, 86, 87, 88 and 89, be chargeable to income-tax ...

Section 33 in The Income Tax Act, 2025 33. Deduction for depreciation. (1) A deduction in respect of depreciation of— (a) buildings, machinery, plant or furniture, being tangible assets; (b) know-how, patents, copyrights, trademarks, licences, franchises or an...

Section 19 in The Income Tax Act, 2025 19. Deductions from salaries. (1) The income chargeable under the head "Salaries" shall be computed after making the deductions in respect of sums of the nature mentioned in column B of the following Table, not exceeding ...

Section 536 in The Income Tax Act, 2025 536. Repeal and savings. (1) The Income-tax Act, 1961 is hereby repealed. (2) Irrespective of the repeal of the Income-tax Act, 1961 (herein referred to as the repealed Income-tax Act), and subject to sub-section (3)— (a...

Section 288 in The Income Tax Act, 2025 288. Other amendments. (1) The Assessing Officer, may carry out such actions as are specified in column B of the Table below for reasons mentioned therein, subject to the conditions as specified in column C, within four ...

Section 286 in The Income Tax Act, 2025 286. Time limit for completion of assessment, reassessment and recomputation. (1) No order in respect of proceedings mentioned in column B of the Table below shall be made after expiry of the period specified in the corr...

Section 515 in The Income Tax Act, 2025 515. Appearance by authorised representative. (1) An assessee, entitled or required to attend before any income-tax authority or the Appellate Tribunal for any proceeding under this Act, may attend through an authorised ...

Section 511 in The Income Tax Act, 2025 511. Furnishing of report in respect of international group. (1) Every constituent entity resident in India, shall, if it is constituent of an international group, the parent entity of which is not resident in India, not...

Section 274 in The Income Tax Act, 2025 274. Reference to Principal Commissioner or Commissioner in certain cases. (1) The Assessing Officer may make a reference to the Principal Commissioner or Commissioner at any stage of the assessment or reassessment proce...

Section 439 in The Income Tax Act, 2025 439. Penalty for under-reporting and misreporting of income. (1) The Competent Authority may, during the course of any proceedings under this Act, impose penalty on any person who has under-reported his income and such p...

Section 116 in The Income Tax Act, 2025 116. Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc. (1) Where there has been an amalgamation of,— (a) a company owning an industrial undertaking or a ship or a hotel with an...

Section 270 in The Income Tax Act, 2025 270. Assessment. (1) Where a return has been made under section 263, or in response to a notice under section 268(1) such return shall be processed in the following manner:— (a) the total income or loss shall be computed...

Section 52 in The Income Tax Act, 2025 52. Amortisation of expenditure for telecommunications services, amalgamation, demerger, scheme of voluntary retirement, etc. (1) Where an expenditure of the nature specified in column B of the Table given below is incurr...

Section 267 in The Income Tax Act, 2025 267. Tax on updated return. (1) Where no return of income under section 263(1) or (4) has been furnished by an assessee and, after taking into account the amounts referred to in sub-section (2), tax is payable on the bas...

Section 92 in The Income Tax Act, 2025 92. Income from other sources. (1) Income of every kind which is not to be excluded from the total income under this Act, shall be chargeable to income-tax under the head "Income from other sources", if it is not chargeab...

Section 263 in The Income Tax Act, 2025 263. Return of income. (1) (a) Every person as mentioned below shall, for a tax year, on or before the due date, furnish a return of his income or the income of any other person in respect of which he is assessable durin...

Section 90 in The Income Tax Act, 2025 90. Meaning of "adjusted", "cost of improvement" and "cost of acquisition". (1) For the purposes of sections 72 and 73, "cost of improvement",— (a) in relation to a capital asset being goodwill or any intangible asset of ...

Section 397 in The Income Tax Act, 2025 397. Compliance and reporting. (1) (a) Every person deducting or collecting tax shall apply for allotment of a tax deduction and collection account number to the Assessing Officer within such time as may be prescribed, i...

Section 39 in The Income Tax Act, 2025 39. Computation of actual cost. (1) The actual cost of an asset used for the purposes of the business or profession shall be the actual cost to the assessee, as reduced by the following amounts:— (a) part of cost of asset...

Section 73 in The Income Tax Act, 2025 73. Cost with reference to certain modes of acquisition. (1) In the case of a capital asset specified in column B of the Table below, the cost of acquisition of the asset shall be deemed to be the cost as mentioned in col...

Section 247 in The Income Tax Act, 2025 247. Search and seizure. (1) Where the competent authority, in consequence of information in his possession, has reason to believe that— (a) any person to whom a summons under section 131(1) or a notice under section 142...

Section 133 in The Income Tax Act, 2025 133. Deduction in respect of donations to certain funds, charitable institutions, etc. (1) In computing the total income of an assessee, there shall be deducted, as per and subject to the provisions of this section,— (a)...

Section 66 in The Income Tax Act, 2025 66. Interpretation. For the purposes of Part D of this Chapter,— (1) "agreement", for the purposes of section 26(2)(h), includes any arrangement or understanding or action in concert,— (A) whether or not such arrangement,...

Section 402 in The Income Tax Act, 2025 402. Interpretation. For the purposes of this Chapter,–– (1) "Administrator" shall have the same meaning as assigned to it in section 2(a) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002; (2) "a...

Section 206 in The Income Tax Act, 2025 206. Special provision for minimum alternate tax and alternate minimum tax. (1) (a) Irrespective of anything contained in any other provision of this Act, where in the case of an assessee being a company, the income-tax ...

Section 70 in The Income Tax Act, 2025 70. Transactions not regarded as transfer. (1) The provisions of section 67 shall not apply to transfer— (a) by way of distribution of capital assets on the total or partial partition of a Hindu undivided family; (b) of a...

Section 9 in The Income Tax Act, 2025 9. Income deemed to accrue or arise in India. (1) The income referred to in sub-sections (2) to (8) shall be deemed to accrue or arise in India. (2) The income accruing or arising, directly or indirectly, through or from––...

Section 393 in The Income Tax Act, 2025 393. Tax to be deducted at source. (1) Where any income or sum of the nature specified in column B of the Table below, is credited or paid or distributed by the person specified in column C during the tax year, to a resi...

Section 2 in The Income Tax Act, 2025 2. Definitions. In this Act, unless the context otherwise requires,— (1) "accountant" shall have the meaning assigned to it in section 515(3)(b); (2) "Additional Commissioner" means a person appointed to be an Additional C...

Ravalgaon Sugar Farm Ltd. vs Commissioner Of Income Tax on 5 August, 2025 2025:BHC-OS:12739-DB Neeta Sawant INCOME TAX APPEAL-592-2003-FC IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 592 OF 2003 The Raval...

The Commissioner Of Income Tax vs M/S.Vedanta Limited on 9 May, 2025 Author: C.Saravanan Bench: R.Suresh Kumar , C.Saravanan 2025:MHC:1206 T.C.A.Nos.263 & 264 of 2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on 04.11.2024 Pronounced on 09.05.2025 COR...

The Commissioner Of Income Tax vs M/S.Vedanta Limited on 9 May, 2025 Author: C.Saravanan Bench: R.Suresh Kumar , C.Saravanan T.C.A.Nos.263 & 264 of 2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on 04.11.2024 Pronounced on 09.05.2025 CORAM: THE HONOUR...

Commissioner Of Income Tax vs M/S.Indbank Merchant Banking on 19 February, 2025 Author: S.S.Sundar Bench: S.S.Sundar , C.Saravanan T.C.A.No.760 of 2008 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 19.02.2025 CORAM : THE HONOURABLE MR.JUSTICE S.S.SUNDAR an...

Commissioner Of Income Tax vs M/S.Indbank Merchant Banking on 19 February, 2025 Author: S.S.Sundar Bench: S.S.Sundar , C.Saravanan T.C.A.No.760 of 2008 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 19.02.2025 CORAM : THE HONOURABLE MR.JUSTICE S.S.SUNDAR an...

Commissioner Of Income Tax vs M/S.Indbank Merchant Banking on 19 February, 2025 Author: S.S.Sundar Bench: S.S.Sundar , C.Saravanan T.C.A.No.760 of 2008 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 19.02.2025 CORAM : THE HONOURABLE MR.JUSTICE S.S.SUNDAR an...