₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts
Receiving a large cash gift from relatives does not by itself settle the tax treatment. When such a transaction is […]
ITAT – Income Tax News
Senior citizen wrongly paid tax on tax-free bonds: What the ₹9.91 lakh ITAT case means
An error in tax filing resulted in a senior citizen paying ₹9.91 lakh in tax on interest from tax-free bonds.
Property bought for ₹48 lakh, stamp value ₹58.7 lakh: Why ITAT cancelled ₹70,700 tax penalty
A property deal can trigger income-tax scrutiny when the price paid by a buyer is significantly lower than the property’s
Salary earned abroad, credited to NRE account: Does that make it taxable in India? ITAT ruling explained
For Indians working overseas, where salary is credited can sometimes create confusion about where that income is taxable. A recent
Tax consultant filed incorrect deduction claims: Why ITAT cancelled ₹2.21 lakh penalty on a salaried employee
Hiring a tax consultant can make filing an income tax return (ITR) easier. However, taxpayers remain responsible for the information
Income Tax notice uploaded on e-filing portal is not enough to prove Section 148 notice was issued: ITAT
The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has held that merely uploading a Section 148 notice on
Transaction records alone can’t prove genuine share gains: Why ITAT upheld ₹14.85 lakh tax addition
An Ahmedabad taxpayer’s claim of capital gains from shares of Kushal Tradelink Ltd. has been rejected by the Income Tax
Mumbai tenant gets flats worth ₹1.38 cr after surrendering tenancy rights; receives tax notice — ITAT grants relief
For tenants living in old housing societies, redevelopment can sometimes mean surrendering existing tenancy rights in exchange for new accommodation.
She paid US tax but missed Form 67, triggering Rs 30 lakh India tax demand; ITAT Delhi orders relief, asks AO to verify Rs 23.48 lakh credit claim after 6-year fight
You are an Indian-origin US citizen and you pay your taxes in America. But a tax demand for your income
ITAT deletes Rs 3 lakh penalty as tax department missed deadline
The Income Tax Appellate Tribunal (ITAT), Chennai, has deleted a Rs 3 lakh penalty imposed on an individual who had
