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 […]
ITAT – Income Tax News
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
ITAT a strong pillar of tax justice system: Union minister Arjun Ram Meghwal
Describing the Income Tax Appellate Tribunal (ITAT) as a strong pillar of the country’s tax justice system, Union minister of
Cummins India secures ₹210 crore tax relief in ITAT ruling for FY2017-18
Power solutions technology provider Cummins India Ltd on Friday (December 19) said the Income Tax Appellate Tribunal (ITAT) has passed
Section 14A Disallowance: ITAT Delhi Rules In Favour Of Taxpayer Over Rs 17-Crore Income Tax Dispute
A Delhi-based taxpayer recently won a major tax dispute after challenging a large addition made by the Income Tax Department.
ITAT Mumbai Grants Relief to NRI Taxpayer in Case of Alleged Unexplained Investment
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed the appeal of a non-resident Indian (NRI) taxpayer and deleted
