Section 43B: Unpaid Service Tax Cannot Be Disallowed When No Deduction Was Claimed     ITAT Dehradun | Schlumberger Solutions (P.) Ltd. v. ACIT | [2026] 185 taxmann.com 786 | Order dated 30 March 2026 Can the Assessing Officer invoke Section 43B merely because an assessee has an outstanding service tax liability, even though the…

Section 50C: ITAT Mumbai Says AO Cannot Ignore a Pending DVO Reference     When the assessee disputes stamp-duty valuation, can the Assessing Officer complete the assessment by adopting the stamp-duty value without waiting for the DVO’s report? The Mumbai Bench of the Income Tax Appellate Tribunal has delivered an important ruling highlighting the significance…

Unsold Flats Are Not Tax-Free! Mumbai ITAT Explains Notional Rent, Municipal Value and Section 43CA Relief     For a builder, an unsold flat is inventory. For the Income Tax Department, however, it may also become a source of “notional rent”! A recent decision of the Mumbai Bench of the Income Tax Appellate Tribunal has…

WhatsApp Chat Alone Cannot Prove ₹24.21 Crore On-Money: ITAT Ahmedabad Deletes Addition     ACIT v. Ashokkumar Babulal Bambharoliya | ITA No. 1130/Ahd/2025 (Lead Case) | ITAT Ahmedabad Can a WhatsApp conversation found during a search on a third party who has no demonstrated connection with the assessee’s land transaction be enough to establish receipt…

Section 54: Does Joint Ownership With Wife Reduce Capital Gains Exemption by 50%?.   ITAT Mumbai | M/s. Mohd Amin Esmail Fazlani v. ITO | ITA No. 5578/Mum/2025 | AY 2013-14 Does purchasing a new house jointly in the names of a husband and wife automatically restrict the husband’s exemption under Section 54 to 50%?…