Tag:
ITAT
Direct Tax
ITAT Rejects ₹4 Crore Tax Additions Over Development Cost Misinterpretation
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has struck down over Rs. 4 crore in tax additions made by the revenue authorities,...
Direct Tax
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 aim at a long-running method of converting black money into white using...
Case Compilation
Direct Tax Weekly Flashback: 13 April to 19 April 2025
Direct Tax Weekly Flashback for the period 13 April to 19 April 2025.ITATNo Capital Gain Tax Payable By NRI On Mutual Fund Gains: ITAT...
Direct Tax
Compensation For Delay In Property Handover By Builder Not Taxable: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the compensation for delay in property handover by builder is not taxable...
Direct Tax
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 Tax Appellate Tribunal (ITAT) has marked a milestone in e-governance with over...
Direct Tax
‘Debt Forgiveness’ Can’t Be Taxes As Business Income: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the debt forgiveness cannot be taxed as business income under Section 28(iv)...
Direct Tax
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 tax on Rs. 1.5 Crore granted by Board of Control for Cricket...
Direct Tax
ITAT Quashes Assessment and Penalty Orders Passed During IBC Admission Period
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has assessment and penalty orders passed during Insolvency and Bankruptcy Code (IBC) admission period.The bench...