Section 10(33) of the Income Tax Act

The decision most relied on for Section 10(33) is CIT v. DLF Commercial Developers Ltd. (35 Taxmann.com 280), cited in 51 of the 31 judgments on BharatTax that turn on this section.

Leading authorities on Section 10(33)

CIT v. DLF Commercial Developers Ltd.
35 Taxmann.com 280 · 2013 · High Court
51
citing judgments

Loss incurred by certain types of companies in trading derivatives is considered speculative loss under the Explanation to Section 73, as the value of stock derivatives depends on shares. Such speculative losses are ineligible for set-off or carry forward against business income.

Ltd. v. CIT
79 ITR 589 · 1971 · Supreme Court
37
citing judgments

This case is authority for the principle that deductions under section 36(1)(viii) of the Income-tax Act may be granted in respect of certain categories of receipts. The court's decision in this case is relied upon when interpreting the scope of business activities for tax purposes.

CIT v. Dalmia Investment Co. Ltd.
52 ITR 567 · 1964 · Supreme Court
18
citing judgments
South Indian Bank Ltd. v. CIT
438 ITR 31 · Reported
11
citing judgments
141 of the Constitution. In Indian Oil Corporation Ltd. v. State of Bihar
167 ITR 897 · 1987 · Supreme Court
9
citing judgments
Bhika Ram & Ors. v. UOI
238 ITR 113 · 1999 · High Court
9
citing judgments
CIT v. Jayanand Khira & Co. (P.) Ltd.
170 ITR 31 · Reported
6
citing judgments
Agencies Rajasthan (P) Ltd. v. ITO
109 Taxmann.com 139 · Reported
5
citing judgments
(ii) CIT v. Eureka Stock & Share Broking Services Ltd.
74 Taxmann.com 114 · 2016 · High Court
5
citing judgments
M/s. Sind National Sugar Mills P. Ltd. v. CIT
121 ITR 742 · 1980 · High Court
4
citing judgments

Judgments on Section 10(33)

CITY HOLDINGS PRIVATE LIMITED (ERSTWHILE CITY HOLDINGS LIMITED),KOLKATA vs. ACIT, CIRCLE 3(1),, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 2683/KOL/2025[2017-2018]Status: DisposedITAT Kolkata24 Feb 2026AY 2017-2018

Bench: Shri Rajesh Kumar (Accountant Member), Shri Pradip Kumar Choubey (Judicial Member)

Section 10(33)Section 14ASection 250

ACIT, INCOME TAX DEPARTMENT vs. RAMAKANT, DELHI

In the result, the Revenue’s appeal is allowed for statistical purposes

ITA 4621/DEL/2024[2011-12]Status: DisposedITAT Delhi28 Jan 2026AY 2011-12

Bench: Shri Sudhir Kumar & Smt. Renu Jauhriacit, Circle 3(1)(1), Vs Ramakant International Ac-1/181 B, Shalimar Taxation, Bagh, Delhi – 100 88 New Delhi – 110 002 (Pan: Aaahr2466R) (Appellant) (Respondent)

Section 10(33)Section 142(1)Section 144Section 69

ROHINI MARUTI DESHMUKH,PUNE vs. INCOME TAX OFFICER, WARD 6(2), PUNE

In the result, all the appeals (ITA Nos

ITA 1839/PUN/2025[2015-16]Status: DisposedITAT Pune17 Dec 2025AY 2015-16

Bench: Dr. Manish Borad & Shri Vinay Bhamore

For Appellant: Shri Sarang Gudhate, CAFor Respondent: Shri Manoj Tripathi, Addl.CIT
Section 250Section 271(1)(c)Section 44ASection 54B

TULSABAI VASANT DESHMUKH,PUNE vs. INCOME TAX OFFICER, WARD 6(2), PUNE

In the result, all the appeals (ITA Nos

ITA 1838/PUN/2025[2015-16]Status: DisposedITAT Pune17 Dec 2025AY 2015-16

Bench: Dr. Manish Borad & Shri Vinay Bhamore

For Appellant: Shri Sarang Gudhate, CAFor Respondent: Shri Manoj Tripathi, Addl.CIT
Section 250Section 271(1)(c)Section 44ASection 54B

AMOL VASANT DESHMUKH,PUNE vs. INCOME TAX OFFICER, WARD 6(2), PUNE

In the result, all the appeals (ITA Nos

ITA 1837/PUN/2025[2015-16]Status: DisposedITAT Pune17 Dec 2025AY 2015-16

Bench: Dr. Manish Borad & Shri Vinay Bhamore

For Appellant: Shri Sarang Gudhate, CAFor Respondent: Shri Manoj Tripathi, Addl.CIT
Section 250Section 271(1)(c)Section 44ASection 54B

TATA EDUCATION TRUST ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX 17(3), MUMBAI

In the result, appeal of the assessee in ITA No

ITA 4413/MUM/2024[2009-10]Status: DisposedITAT Mumbai25 Aug 2025AY 2009-10

Bench: Shri Amit Shukla & Shri Girish Agrawal

For Appellant: Shri P.J. Pardiwala, Advocate a/wFor Respondent: Shri Ritesh Misra, CIT DR
Section 10Section 10(34)Section 11Section 13(1)(d)Section 13(2)(h)Section 143(3)Section 147Section 148Section 154Section 164(2)

TATA EDUCATION TRUST ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION) CIRCLE 2(1) , MUMBAI

In the result, appeal of the assessee in ITA No

ITA 4055/MUM/2024[2009-10]Status: DisposedITAT Mumbai25 Aug 2025AY 2009-10

Bench: Shri Amit Shukla & Shri Girish Agrawal

For Appellant: Shri P.J. Pardiwala, Advocate a/wFor Respondent: Shri Ritesh Misra, CIT DR
Section 10Section 10(34)Section 11Section 13(1)(d)Section 13(2)(h)Section 143(3)Section 147Section 148Section 154Section 164(2)

DCIT, MUMBAI vs. ANITA KOTHARI, MUMBAI

In the result, all appeals filed by the Revenue stands dismissed

ITA 2996/MUM/2025[2018-19]Status: DisposedITAT Mumbai22 Aug 2025AY 2018-19

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

Section 10(35)Section 133A

DCIT, MUMBAI vs. LALITA KOTHARI, MUMBAI

In the result, all appeals filed by the Revenue stands dismissed

ITA 2990/MUM/2025[2018]Status: DisposedITAT Mumbai22 Aug 2025

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

Section 10(35)Section 133A

DCIT, MUMBAI vs. ANITA KOTHARI, MUMBAI

In the result, all appeals filed by the Revenue stands dismissed

ITA 2988/MUM/2025[2019-20]Status: DisposedITAT Mumbai22 Aug 2025AY 2019-20

Bench: Smt. Beena Pillai () & Shri Omkareshwar Chidara ()

Section 10(35)Section 133A

DCIT, MUMBAI vs. 2015 GROVER FAMILY TRUST, MUMBAI

In the result, both the appeals of the Revenue are dismissed

ITA 5108/MUM/2024[2016-17]Status: DisposedITAT Mumbai12 Aug 2025AY 2016-17

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

Section 133ASection 143(3)Section 147Section 94(7)(E)

DCIT, MUMBAI vs. CMS COMPUTERS LIMITED , MUMBAI

In the result, both the appeals of the Revenue are dismissed

ITA 5105/MUM/2024[2016-17]Status: DisposedITAT Mumbai12 Aug 2025AY 2016-17

Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GIRISH AGRAWAL (Accountant Member)

Section 133ASection 143(3)Section 147Section 94(7)(E)

ACIT CENTAL CIRCLE 8(2) MUMBAI, MUMBAI vs. SUBHKAM VENTURES (I) PRIVATE LIMITED, MUMBAI

Appeals of the revenue are dismissed and the C

ITA 5657/MUM/2024[2015-16]Status: DisposedITAT Mumbai20 May 2025AY 2015-16

Bench: Shri Anikesh Banerjee, Jm & Ms Padmavathy S, Am

For Respondent: Shri Mahendra Bishnoi
Section 10(35)Section 132Section 250Section 94(7)

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), INCOME TAX DEPARTMENT vs. RASHESH MANHAR BHANSALI, ANDHERI EAST

In the result, appeal of the Revenue is dismissed

ITA 5107/MUM/2024[2016-17]Status: DisposedITAT Mumbai30 Apr 2025AY 2016-17

Bench: SHRI AMIT SHUKLA (Judicial Member), MS PADMAVATHY S (Accountant Member)

Section 10(35)Section 133ASection 143(3)Section 147Section 148

ASSTT. COMMISSIONER OF INCOME TAX, CC-1, LUCKNOW, AAYAKAR BHAWAN, ASHOK MARG, LUCKNOW vs. APCO INFRATECH PVT. LTD., VIBHUTI KHAND GOMTI NAGAR LKO

In the result, appeals vide

ITA 623/LKW/2024[2018-19]Status: DisposedITAT Lucknow02 Apr 2025AY 2018-19

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(1)Section 143(2)Section 143(3)Section 80I

M/S. APCO INFRATECH PVT. LTD.,LUCKNOW vs. ACIT-1, LUCKNOW

In the result, appeals vide

ITA 356/LKW/2020[2016-17]Status: DisposedITAT Lucknow02 Apr 2025AY 2016-17

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 143(1)Section 143(2)Section 143(3)Section 80I

NH SECURITIES LIMITED ,MUMBAI vs. JCIT (OSD) CENTRAL CIRCLE 7(1), MUMBAI

In the result, the appeal is allowed

ITA 155/MUM/2025[1999-2000]Status: DisposedITAT Mumbai10 Mar 2025AY 1999-2000

Bench: Justice (Retd.) C.V. Bhadang & Shri B.R. Baskaran: A.Y. : 1999-2000

For Appellant: Shri Rajiv KhandelwalFor Respondent: Shri Alok Kumar
Section 10(33)Section 271(1)(c)Section 68Section 69

ADDL CIT RG 1(1), MUMBAI vs. HDFC LTD, MUMBAI

ITA 3785/MUM/2009[2004-05]Status: DisposedITAT Mumbai28 Jan 2025AY 2004-05

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Shri Nitesh Joshi, Advocate and Shri Ninad Patade, CAFor Respondent: Shri Biswanath Das, CIT DR
Section 1

BALRAM CHAINRAI,MUMBAI vs. INT TAX , WARD 2(1)(1), MUMBAI

In the result, the appeal of the assessee is partly allowed

ITA 2267/MUM/2024[2016-17]Status: DisposedITAT Mumbai27 Aug 2024AY 2016-17

Bench: Ms Padmavathy S, Am & Shri Sunil Kumar Singh, Jm

For Appellant: Shri Ravikant Pathak, ARFor Respondent: Shri Anil Sant, Addl. CIT-DR
Section 144BSection 147Section 148Section 153Section 271(1)(c)

DEPUTY COMMISSIONER OF INCOME-TAX(EXEMPTION)-2(1), MUMBAI, MUMBAI vs. SOCIETY FOR APPLIED MICROWAVE ELECTRONIC ENGINEERING AND RESEARCH (SAMEER), MUMBAI

In the result, all the appeals filed by the Revenue and assessee are treated as allowed for statistical purposes”

ITA 3363/MUM/2023[2015-16]Status: DisposedITAT Mumbai16 Jul 2024AY 2015-16

Bench: Shri Pavan Kumar Gadale & Shri Amarjit Singh & Deputy Commissioner Vs. Society For Applied Microwave Electronic Of Income Tax Engineering & (Exemption)-2(1), Research (Sameer) 6Th Floor, Iit Campus, Mtnl Telephone Hill Side,Powai, Exchange Building, Mumbai-400076. Dr.Gd Deshmukhmarg, Peddar Road, Cumbala Hill, Mumbai -400026. Pan/Gir No.Aalas5825K (अपीलाथ"/Appellant) (""यथ"/Respondent)

Section 10Section 10(21)Section 11Section 2(15)

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