Taxpayer gets second chance despite missed e-verification deadline
Many taxpayers believe their compliance responsibility ends once the income tax (I-T) return is uploaded. But, an additional process is […]
ITAT – Income Tax News
Major capital gains tax relief for homebuyers
A recent ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has come as a major relief
Property buyers beware: ITAT ruling highlights TDS pitfalls
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has underscored the importance of understanding tax
Scrap Dealer Declares Rs 3 Lakh Income, Gets Rs 44 Lakh Tax Notice; ITAT Steps In
A scrap dealer has been embroiled in a tax-related controversy when he was sent a tax notice of Rs 44
Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declaration
A Delhi resident who earned substantial long-term capital gains from the sale of unlisted shares and invested a large portion
Man invests Rs 9.6 lakh in crypto, books over Rs 3 lakh loss; gets Rs 88 lakh tax demand – ITAT intervenes
A taxpayer who said he invested only around Rs 9.6 lakh in Bitcoin trading and eventually incurred a loss found himself facing
TDS cannot be denied even if Income Tax return is not filed: ITAT
In a peculiar case, income-tax officials during reassessment considered the entire income reflected in Form 26AS as taxable in the
Spouse’s name on property papers not enough to tax sale proceeds: ITAT
If a spouse’s name is added to a property merely for convenience or security, the income-tax (I-T) department cannot automatically
SC seeks Centre’s reply on vacancies in Income Tax Appellate Tribunal
The Supreme Court on Tuesday sought response from the Centre on a plea regarding staff and member vacancies across the
Mumbai man pays ‘Zero Tax’ on ₹5 crore land sale despite filing ITR late; why ITAT still gave tax exemption
In a recent update, a ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has introduced big-time
