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HYDERABAD ITAT RULING
Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's faultBuilder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer c...
SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reasonSBI denied Rs 9.48 Lakh VRS benefits as employee died a month before VRS retirement cut-off date; Telangana HC grants relief to family and ...
NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...
Reporting ULIP payout of Rs 3.22 crore under wrong head in ITR triggers tax penalty; ITAT Hyderabad cancels penaltyA man who invested Rs 75 lakh in ULIPs and surrendered them for Rs 3.22 crore was penalized Rs 2.48 crore for reporting the income under th...
Higher qualification doesn’t guarantee higher pay without the higher post: J&K High CourtIn a significant ruling, the Jammu and Ladakh High Court has clarified that an employee's salary cannot be escalated simply due to higher q...
UAE based taxpayer earned Rs 4 crore income in India on which TDS was deducted but didn't file ITR, got tax notice; wins case in ITAT DelhiIn a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a positive light as the...
Employer deducted TDS but didn’t deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demandIn a noteworthy decision, the Income Tax Appellate Tribunal in Kolkata has come to the aid of an employee who found themselves in a challen...
Tax exemption on disability pension denied after voluntary retirement; Gujarat High Court rules in favour of ex-servicemanThe Gujarat High Court has made a significant ruling, establishing that disability pensions are not subject to income tax, even for individ...
Fired employee gets Rs 26 lakh severance pay, but didn't pay income tax; loses tax battle in ITAT Hyderabad for this key reasonIn a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable income under p...
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...
Buyer of auctioned property to get Rs 2 crore refund as bank failed to disclose the pending legal dispute; Telangana High Court orderA property buyer has won a case in the Telangana High Court and will receive a full refund of Rs 2 crore. The bank failed to fully disclose...
Shadow of tax over charitiesWith the Supreme Court on two separate rulings on the same day laying down the principles for an educational trust and a general public uti...
Dynamic jurisdiction of ITAT, simpler compliance window being consideredA random, automated process to distribute cases could reduce the scope of corruption, lessen the influence that some of the senior lawyers ...
Andhra Pradesh chief minister wins round 1 against the taxmanThe I-T Appellate Tribunal (ITAT), a quasi-judicial authority, in its order on January 5, has struck down the contention of the I-T departm...
India Inc’s IPL ticket spend to qualify as deductibleITAT ruling to benefit FMCG, consumer durables and telecom companies.
Salman acquittal, beef ban, Maggi dominated Maharashtra legal scene in 2015In a major relief to Nestle India Ltd, the high court on August 13 quashed the orders of the Indian food regulators banning the nine varian...
- Captive software units likely to get relief in tax demands
Captive software service providers, clamped with hefty tax demands for violation of transfer pricing norms in transactions with their US pa...