ITAT Upholds Rs. 49.55 Lakh Addition For Bogus Agricultural Income Claim

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the addition…

ITAT Rejects ₹4 Crore Tax Additions Over Development Cost Misinterpretation

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has struck down…

ITAT Cracks Down on Farmland Black Money Deals: This Ruling Makes Hidden Cash Taxable

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has taken direct…

Direct Tax Weekly Flashback: 13 April to 19 April 2025  

Direct Tax Weekly Flashback for the period 13 April to 19 April…

Compensation For Delay In Property Handover By Builder Not Taxable: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that…

ITAT Embraces E-Governance: Over 26,000 Appeals Filed Electronically; 1.22 Lakh Virtual Hearings Conducted

In a significant push towards digital transformation in the judiciary, the Income…

‘Debt Forgiveness’ Can’t Be Taxes As Business Income: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that…

Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI: ITAT

The Income Tax Appellate Tribunal (ITAT) has exempted Kapil Dev from income…

ITAT Quashes Assessment and Penalty Orders Passed During IBC Admission Period

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has assessment and…

Step-Siblings Are Relatives, Gift Not Taxable Under Section 56(2) of Income Tax Act: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that…