ITAT Quashes Reassessment Against Lalit Modi, Says Parallel Proceedings Under Income Tax Act Impermissible
The Income Tax Appellate Tribunal (ITAT) has quashed a reassessment order passed against former IPL commissioner Lalit Kumar Modi for […]
ITAT – Income Tax News
Woman receives Rs 33 lakh property as gift, gets tax notice: ITAT explains when a gift becomes taxable
A woman with an annual income of just Rs 3.4 lakh received a property worth Rs 33 lakh through a
NRI missing ITR filing slapped with 78% tax notice on property payment — ITAT steps in
When an Australia-based Non-Resident Indian (NRI) bought a Rs 32 lakh flat in India, he did not expect a tax
ITAT Rules Rs 33 Lakh Family Property Transfer Not Taxable
A woman declaring annual income of about Rs 3.4 lakh will not be taxed on a Rs 33 lakh property
Cash gifts from family, relatives not exempt from income tax if you fail to explain these details, says ITAT
Cash gifts from relatives are generally tax-free under the Income Tax Act. But a recent case discussed by tax advisory
Federal Bank receives Rs 686 crore income tax refund including interest
Federal Bank has received income tax refund orders aggregating Rs 686.31 crore, including interest, following directions from the Income Tax
Flipkart co-founder denied tax relief as ITAT rejects ‘non-resident’ status claim
The Income Tax Appellate Tribunal (ITAT) Bengaluru bench has dismissed non-Indian resident claims made by Binny Bansal, the co-founder of
ITAT Chandigarh Allows Section 87A Rebate on Long-Term Capital Gains from Debt Mutual Funds; Tax Demand Set Aside
The Income Tax Appellate Tribunal (ITAT), Chandigarh, has provided significant relief to taxpayers by allowing the benefit of rebate under
ITAT Mumbai Rejects Tax Department’s Allegation of ₹3 Crore Cash Receipt in Property Transaction
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has dismissed an appeal filed by the Income Tax Department and upheld
Woman sells property for ₹94 lakh, receives ₹38 lakh in cash; despite no ITR, ITAT Mumbai rules cash not unexplained income
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that cash deposits arising from a property sale cannot be
