Substance Over Form: ITAT Mumbai Reaffirms Appellate Powers to Entertain New Claims Without Revised Return

NRI Selling Property in India? Beware: TDS Rules Have Changed Under the New Income Tax Act, 2025

ITAT Indore Drops Penalty Under Section 271AAC: “When Quantum Fails, Penalty Cannot Survive”

How AI Is Quietly Changing Income Tax Assessments

AO Cannot Travel Beyond Limited Scrutiny Scope Without Approval: Tribunal Quashes Addition

Section 153C Proceedings Invalid if Satisfaction Note Recorded After 01.04.2021: Important Tribunal Ruling

Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling

“Beneficial Provision Cannot Be Eclipsed by Procedural Formalism”: ITAT Chandigarh Grants Full Section 54 Relief Despite Joint Ownership

Undated “Reasons to Believe” and Mechanical Approval Under Section 151 Render Reassessment Invalid: Delhi ITAT Quashes Assessment

Delay of Just 13 Days in Filing Form 10-IC Could Have Cost ₹5 Crore – Bombay High Court Restores Section 115BAA Benefit

Demolition Is Not Transfer: ITAT Visakhapatnam Upholds Section 54F Exemption Despite Subsequent Demolition of Residential Property

ITAT Rajkot Delivers Landmark Ruling on Reassessment Beyond 3 Years: ₹50 Lakh Threshold Under Section 149 Cannot Be Artificially Inflated

ITAT Deletes Gold Addition During Search: CBDT Instruction No. 1916 Protects Jewellery from Tax Addition

Interest-Bearing Loan Repaid Later Still Taxable as Deemed Dividend? Important ITAT Delhi Ruling Under Section 2(22)(e)

No Penalty Under Section 270A if Return Filed Under Section 148 is Accepted Without Addition: Important ITAT Ahmedabad Ruling

Political Party Donation Disallowance Under Section 80GGC: Big Relief from ITAT Ahmedabad for Taxpayers

Section 68 Addition Cannot Survive Merely on Investigation Wing Report Without Independent Enquiry: ITAT Grants Relief to Assessee

PF/ESI Disallowance Could Not Be Adjusted Under Section 143(1) Before Supreme Court’s Checkmate Judgment: ITAT Grants Relief to Taxpayers