The Gift Has Changed Hands-But Has Its Tax History Also Changed?
The Gift Has Changed Hands-But Has Its Tax History Also Changed? Last week, I shared an interesting conversation…
Income Tax
ITR-BN: The New Return Form for Block Assessments
ITR-BN: The New Return Form for Block Assessments What CBDT has done: On 24 July 2026, CBDT has…
ITR Deadline 31 August 2026: Points to remember-
ITR Deadline 31 August 2026: Points to remember- 31st August is not an extension of due date. The…
Anonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT
Anonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT Vishakhapatnam ITAT holds…
CIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai
CIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai Vague allegations cannot justify cancellation…
Section 80P Deduction Can Be Claimed During Assessment Proceedings Even If Not Claimed in ITR: ITAT
Section 80P Deduction Can Be Claimed During Assessment Proceedings Even If Not Claimed in ITR: ITAT Pune ITAT holds…
Section 50C Cannot Reduce Section 54F Exemption: ITAT Chennai
Section 50C Cannot Reduce Section 54F Exemption: ITAT Chennai Stamp duty value cannot replace actual sale consideration for computing…
Can a CA Claim Section 44ADA on Remuneration Received as a Working Partner? ITAT Delhi Says Yes
Can a CA Claim Section 44ADA on Remuneration Received as a Working Partner? ITAT Delhi Says Yes Partner remuneration…
Section 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur
Section 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur Where agreement to sell was…
Section 54F Exemption Allowed on Property Purchased from Husband: ITAT Mumbai Says Genuine Tax Planning Is Not Tax Evasion
Section 54F Exemption Allowed on Property Purchased from Husband: ITAT Mumbai Says Genuine Tax Planning Is Not Tax Evasion ₹6.91…
Section 264 Cannot Be Used to Revive a Missed Tax Claim After Revision Deadline
Section 264 Cannot Be Used to Revive a Missed Tax Claim After Revision Deadline Supreme Court holds that a taxpayer…
Section 69A Addition Cannot Be Sustained Without Proving Ownership of Unexplained Money: ITAT Jaipur
Section 69A Addition Cannot Be Sustained Without Proving Ownership of Unexplained Money: ITAT Jaipur Third-party electronic material cannot replace the…
Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad
Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad PCIT cannot revise an assessment…
Nephew Gifts ₹1.65 Crore Property to Uncle: Tax-Free Gift or Tax Trouble?
Nephew Gifts ₹1.65 Crore Property to Uncle: Tax-Free Gift or Tax Trouble? One morning, over my usual cup…
Delayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore
Delayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore Filing the correct audit…
Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT
Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT Assessee disputed stamp duty…
TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore
TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore When land is surrendered in…
Once an Inquiry Under Section 148A(a) Is Approved, the Assessing Officer Cannot Skip It: Chhattisgarh High Court Quashes Reassessment
Once an Inquiry Under Section 148A(a) Is Approved, the Assessing Officer Cannot Skip It: Chhattisgarh High Court Quashes Reassessment …
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