Tag:
ITAT
Direct Tax
Wedding Gifts Under Income Tax Act Can’t Be Treated As Unexplained Income: ITATÂ
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the tax department’s addition of unexplained income against a taxpayer, Manubhai,...
Direct Tax
ITAT Upholds Rs. 49.55 Lakh Addition For Bogus Agricultural Income Claim
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the addition of ₹49,55,101 to the taxable income of an assessee, Jigar Patel, treating...
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 2025Â Â
Direct Tax Weekly Flashback for the period 13 April to 19 April 2025.
ITAT
No 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)...