Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling
Opening Balance of Unsecured Loans Cannot Be Taxed Under Section 68: Important ITAT Delhi Ruling In a significant…
Income Tax
“Beneficial Provision Cannot Be Eclipsed by Procedural Formalism”: ITAT Chandigarh Grants Full Section 54 Relief Despite Joint Ownership
“Beneficial Provision Cannot Be Eclipsed by Procedural Formalism”: ITAT Chandigarh Grants Full Section 54 Relief Despite Joint Ownership In a…
Undated “Reasons to Believe” and Mechanical Approval Under Section 151 Render Reassessment Invalid: Delhi ITAT Quashes Assessment
Undated “Reasons to Believe” and Mechanical Approval Under Section 151 Render Reassessment Invalid: Delhi ITAT Quashes Assessment In a…
Delay of Just 13 Days in Filing Form 10-IC Could Have Cost ₹5 Crore – Bombay High Court Restores Section 115BAA Benefit
Delay of Just 13 Days in Filing Form 10-IC Could Have Cost ₹5 Crore – Bombay High Court Restores Section…
Demolition Is Not Transfer: ITAT Visakhapatnam Upholds Section 54F Exemption Despite Subsequent Demolition of Residential Property
Demolition Is Not Transfer: ITAT Visakhapatnam Upholds Section 54F Exemption Despite Subsequent Demolition of Residential Property In a significant…
ITAT Rajkot Delivers Landmark Ruling on Reassessment Beyond 3 Years: ₹50 Lakh Threshold Under Section 149 Cannot Be Artificially Inflated
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
ITAT Deletes Gold Addition During Search: CBDT Instruction No. 1916 Protects Jewellery from Tax Addition In an important ruling…
Interest-Bearing Loan Repaid Later Still Taxable as Deemed Dividend? Important ITAT Delhi Ruling Under Section 2(22)(e)
Interest-Bearing Loan Repaid Later Still Taxable as Deemed Dividend? Important ITAT Delhi Ruling Under Section 2(22)(e) Can a loan…
No Penalty Under Section 270A if Return Filed Under Section 148 is Accepted Without Addition: Important ITAT Ahmedabad Ruling
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
Political Party Donation Disallowance Under Section 80GGC: Big Relief from ITAT Ahmedabad for Taxpayers Political donations claimed as deduction…
Section 68 Addition Cannot Survive Merely on Investigation Wing Report Without Independent Enquiry: ITAT Grants Relief to Assessee
Section 68 Addition Cannot Survive Merely on Investigation Wing Report Without Independent Enquiry: ITAT Grants Relief to Assessee In…
PF/ESI Disallowance Could Not Be Adjusted Under Section 143(1) Before Supreme Court’s Checkmate Judgment: ITAT Grants Relief to Taxpayers
PF/ESI Disallowance Could Not Be Adjusted Under Section 143(1) Before Supreme Court’s Checkmate Judgment: ITAT Grants Relief to Taxpayers …
Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know
Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know The tax administration in India…
Genuine Business Expenditure Cannot Be Denied Merely Because Claim Was Made Through Revised Computation Instead of Revised Return: ITAT
Genuine Business Expenditure Cannot Be Denied Merely Because Claim Was Made Through Revised Computation Instead of Revised Return: ITAT …
Income-tax Act 2025 May Change the Entire Surcharge Position for Private Discretionary Trusts Taxable at Maximum Marginal Rate (MMR)
Income-tax Act 2025 May Change the Entire Surcharge Position for Private Discretionary Trusts Taxable at Maximum Marginal Rate (MMR) One…
Mere Transfer of Sundry Creditor Balances to Capital Account Does Not Trigger Section 41(1): Delhi ITAT Deletes Addition
Mere Transfer of Sundry Creditor Balances to Capital Account Does Not Trigger Section 41(1): Delhi ITAT Deletes Addition In…
Claim Section 54F First, Carry Forward Capital Loss Later, Says Mumbai ITAT
Claim Section 54F First, Carry Forward Capital Loss Later, Says Mumbai ITAT A Landmark Ruling on the Long-Running…
Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know
Income-tax Rules, 2026 Rewrite PAN and Property Reporting Rules: What Every Taxpayer Must Know From PAN Quoting to Property Gifts,…
