ITAT Cochin Judgments — June 2026

The Tribunal held that the one-acre requirement under Section 80-IB(10)(b) pertains specifically to the plot of land on which the housing project is constructed, not the assessee's entire landholding. Therefore, the deduction was not allowable.

The Tribunal held that the faculties were engaged as professionals and not employees, based on factors like hourly payment, lack of statutory benefits, and the nature of specialized services rendered. Therefore, TDS deduction under Section 194J was appropriate.

The Tribunal held that the one-acre requirement under Section 80-IB(10)(b) pertains specifically to the plot of land on which the housing project is constructed, not the assessee's entire landholding. Therefore, the deduction was not allowable.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.

The Tribunal restored the matter to the CIT(Exemption) to examine the assessee's claim on merits, considering the withdrawal was made under a mistaken belief and relevant circulars/decisions were not brought to the CIT's notice.

The Tribunal held that an individual opting for the new tax regime (Section 115BAC) is entitled to claim rebate under Section 87A if their total income is within the threshold. The Tribunal found that the new regime does not expressly bar the rebate and the CPC cannot mechanically deny it.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.

The Tribunal held that for concluded assessment years, additions can only be made based on incriminating material found during search. Since no such material was presented, the additions made solely on tax audit reports were deleted.