From Concession To Confusion: The ITAT’s Maharishi Ruling And The Storm Ahead
The Income Tax Appellate Tribunal’s recent ruling in Maharishi Education Corporation (P.) Ltd. vs ITO (Delhi Bench, SMC) may seem, […]
ITAT – Income Tax News
Income Tax Tribunal move to back 22% tax on capital gains sparks row
In a bizarre decision that has spawned surprise and scorn in the tax world, an Income tax (I-T) tribunal, which
Rs 8 lakh cash deposited in bank – man gets tax notice! Assessing officer deems it presumptive business income, but taxpayer wins case in ITAT – ruling explained
Making cash deposits of large amounts in your bank account? Be aware of a case where a cash deposit attracted
Income Tax tribunal quashes Rs 445 crore tax demand against Netflix India
In a big relief to Netflix India, the Income Tax Appellate Tribunal (ITAT), Mumbai, has dismissed a Rs 445-crore tax
From Rs 2.28 Crore to Rs 63,000: ITAT Ahmedabad Rules in Favour of Non-Resident Taxpayer
A non-resident Indian (NRI) taxpayer found himself at the centre of a taxing ordeal when the Income Tax Department issued
Maruti Suzuki gets favourable ITAT ruling in old tax case
Maruti Suzuki India Ltd (MSIL) on Friday informed stock exchanges that it received a favourable order from the Income Tax
TDS mismatch can’t cost you Rs 1 crore: ITAT Mumbai quashes tax demand on Form 26AS
In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax
Delhi HC Issues Notice on Tax Department’s Appeal Against ITAT Ruling in Clifford Chance Case
The Delhi High Court has issued notice in an appeal filed by the Income Tax Department challenging a ruling of
Ahmedabad Tax Tribunal Clears Man In Rs 4 Lakh Cash Gift Case Linked To Son’s Wedding
In India, cash gifts during weddings are a common tradition. But for Manubhai, receiving Rs 4.31 lakh as cash gifts
ITAT relief: Section 54F exemption allowed despite no deposit in capital gains account scheme
In a relief of homebuyers and tax payers, the Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that that exemption
