Income TaxSurrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi3 weeks agoSurrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi GRP Auto ruling highlights an important principle:…
Income TaxSection 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore3 weeks agoSection 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore Substantial investment in construction of a residential house…
Income TaxThe Gift Has Changed Hands-But Has Its Tax History Also Changed?3 weeks agoThe Gift Has Changed Hands-But Has Its Tax History Also Changed? Last week, I shared an interesting conversation…
Income TaxITR-BN: The New Return Form for Block Assessments3 weeks agoITR-BN: The New Return Form for Block Assessments What CBDT has done: On 24 July 2026, CBDT has…
Income TaxITR Deadline 31 August 2026: Points to remember-3 weeks agoITR Deadline 31 August 2026: Points to remember- 31st August is not an extension of due date. The…
Income TaxAnonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT3 weeks agoAnonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT Vishakhapatnam ITAT holds…
Income TaxCIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai3 weeks agoCIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai Vague allegations cannot justify cancellation…
Income TaxSection 80P Deduction Can Be Claimed During Assessment Proceedings Even If Not Claimed in ITR: ITAT3 weeks agoSection 80P Deduction Can Be Claimed During Assessment Proceedings Even If Not Claimed in ITR: ITAT Pune ITAT holds…
Income TaxSection 50C Cannot Reduce Section 54F Exemption: ITAT Chennai4 weeks agoSection 50C Cannot Reduce Section 54F Exemption: ITAT Chennai Stamp duty value cannot replace actual sale consideration for computing…
Income TaxCan a CA Claim Section 44ADA on Remuneration Received as a Working Partner? ITAT Delhi Says Yes4 weeks agoCan a CA Claim Section 44ADA on Remuneration Received as a Working Partner? ITAT Delhi Says Yes Partner remuneration…
Income TaxSection 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur4 weeks agoSection 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur Where agreement to sell was…
Income TaxSection 54F Exemption Allowed on Property Purchased from Husband: ITAT Mumbai Says Genuine Tax Planning Is Not Tax Evasion4 weeks agoSection 54F Exemption Allowed on Property Purchased from Husband: ITAT Mumbai Says Genuine Tax Planning Is Not Tax Evasion ₹6.91…
Income TaxSection 264 Cannot Be Used to Revive a Missed Tax Claim After Revision Deadline4 weeks agoSection 264 Cannot Be Used to Revive a Missed Tax Claim After Revision Deadline Supreme Court holds that a taxpayer…
Income TaxSection 69A Addition Cannot Be Sustained Without Proving Ownership of Unexplained Money: ITAT Jaipur4 weeks agoSection 69A Addition Cannot Be Sustained Without Proving Ownership of Unexplained Money: ITAT Jaipur Third-party electronic material cannot replace the…
Income TaxFailure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad4 weeks agoFailure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad PCIT cannot revise an assessment…
Income TaxNephew Gifts ₹1.65 Crore Property to Uncle: Tax-Free Gift or Tax Trouble?4 weeks agoNephew Gifts ₹1.65 Crore Property to Uncle: Tax-Free Gift or Tax Trouble? One morning, over my usual cup…
Income TaxDelayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore1 month agoDelayed Form 10B Filing Cannot Deny Trust Exemption if Filed Before Processing: ITAT Bangalore Filing the correct audit…
Income TaxSection 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT1 month agoSection 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT Assessee disputed stamp duty…