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BENGALURU ITAT
Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...- ITAT rejects Binny Bansal's 'non-resident' status claimThe Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has rejected Flipkart co-founder Binny Bansal's claim of non-resident statu...
- Senior citizen built home on Rs 22 lakh plot, sold for Rs 8 crore, got income tax notice; he fights and wins tax battle at ITATA senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a Bengaluru propert...
- Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know what CBDT gold jewellery circular saysMr. Nilawar has emerged victorious against the tax department's attempt to seize his family's gold collection. The Mumbai Income Tax Appell...
- Tax dept’s Rs 22-crore notice based on WhatsApp chat struck down by ITAT Delhi for lack of credible proofDelhi's Income Tax Appellate Tribunal (ITAT) has quashed a Rs 22 crore tax notice issued to a taxpayer based solely on WhatsApp chats found...
- Ancestral land sale: Tax department issues notice over Rs 8 crore share, taxpayer wins case in ITAT Delhi; here's what happenedA man received Rs 8 crore from the sale of ancestral land, but the tax department issued a notice for tax evasion. The Income Tax Appellate...
- Bengaluru I-T tribunal reassigns case after finding order ‘AI-driven’A Bengaluru Income Tax Appellate Tribunal case was reassigned after its order was found to be AI-driven. The Karnataka High Court had previ...
- Father sells house worth Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know howDilip, an Indian taxpayer, won a case at the ITAT Ahmedabad regarding a Section 54 LTCG tax exemption. Despite initially facing scrutiny fo...
- From Rs 21,350 tax demand to zero tax; How a taxpayer won Section 87A case in ITAT BengaluruIn a taxpayer-friendly ruling, the ITAT Bengaluru allowed Mr. Jakkaraju's Section 87A tax rebate claim, even though it was filed in a revis...
- Looking into vacancies in Income Tax appellate tribunals: SCThe Supreme Court has assured the Bangalore Bar Association that it is addressing the issue of vacancies in income tax appellate tribunals ...
- Flipkart gets Rs 1,700 crore relief from the Bengaluru bench of tax tribunalThe ITAT followed a ruling by the Karnataka High Court with regard to a similar case involving pharmaceutical company Biocon as well as rul...
- Karnataka HC grants interim stay to Flipkart in Rs 1,100 crore tax caseAdditionally, the HC also said in an interim order that no coercive action should be taken against the company till the next hearing on the...
- Google India payments to Ireland outfit not royalty, not subject to withholding tax: ITATThe case relates to whether payments totalling Rs 1,457 crore made by Google India to Google Ireland is a royalty and tax is to be withheld...
- Infosys Payments to China Unit Liable for Tax Deduction at Source: ITATThe Bengaluru bench of ITAT has rejected Infosys' submission about non-taxability of the payment due to treaty benefits under India-China D...
- Distributor should pay tax on software procured from company outside India: Bengaluru ITATAs per the details of the case an Indian arm of a Jersey based company was responsible for software distribution in India, conducting event...
- I-T department moves HC against Flipkart's ITAT rulingThe contention of the I-T department has been that Flipkart earned an enduring benefit via aggressive cash discounts, which in turn resulte...
- Google India tax row: $2 billion remittance in 5 years may add to tech giant's loadGoogle India has remitted Rs 16,119.6 crore — all of it earned in India — to Ireland and Singapore.
- Discounts by Flipkart are not taxable: Income-Tax Appellate TribunalThe tax department had demanded Rs 110 crore from Flipkart as tax assessed for 2015-16 after reclassifying the discounts and spending on ma...
- Flipkart dodges a Rs 110 crore tax demand as ITAT rules in its favourITAT has rejected the revenue department’s argument that discounts dolled out by the e-commerce major should be reclassified as capital exp...
- No tax relief on EPF interest if not employed: ITATI-T laws provide that interest credited to EPF account after an individual ceases to be in employment is taxable in his hands in the year o...
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