Buying agricultural land near a city? Key income tax rules you must knowAn ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that off...
11 Apr, 2026, 10.47 AM IST
Sold two farm lands for Rs 8.75 crore capital gains but paid no tax or filed ITR; ITAT Ahmedabad rules in favour of taxpayerA man from Bharuch, Gujarat had sold two agricultural lands for Rs 8.75 crore capital gains to a company who subsequently used the lands fo...
19 Mar, 2026, 06.12 PM IST
Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investmentAn NRI working in Dubai since 1993 successfully challenged a tax notice for unexplained property investment in India. The ITAT Ahmedabad ru...
27 Feb, 2026, 02.37 PM IST
Salary earned overseas, deposited in Indian NRE a/c: Why ITAT Ahmedabad quashed tax department’s noticeAn NRI man earned Rs 44 lakh salary abroad and deposited it in his NRE account. The Income Tax Department issued a notice, but the Income T...
23 Feb, 2026, 05.06 PM IST
Section 87A tax rebate allowed on both long and short term capital gain income from equity for AY 2024-25 by ITAT Indore; Know whyThe ITAT Indore has allowed Section 87A tax rebates on both long-term and short-term capital gains from equity for AY 2024-25. This ruling ...
10 Feb, 2026, 11.50 AM IST
NRI bought Rs 66 lakh property in India, paid TDS but didn't file ITR, got tax notice; he fights and wins case in ITATA US citizen of Indian origin, Mr. Patel, faced a tax notice for an unexplained Rs 66 lakh property purchase in India. Despite his inabilit...
15 Jan, 2026, 12.25 PM IST
Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT AhmedabadThe Income Tax Department sent a tax notice to a husband deeming he bought new flat using Rs 48 lakh cash and had Rs 1.5 crore unverified a...
17 Dec, 2025, 11.59 AM IST
Man gets tax notice of Rs 18 lakh for buying land at low price, ITAT Ahmedabad quashes it; here's whyThe Ahmedabad branch of the Income Tax Appellate Tribunal has issued a pivotal judgment, reaffirming that agricultural land retains its sta...
10 Dec, 2025, 04.51 PM IST
Wife gets tax notice for purchasing Rs 51 lakh property but not filing ITR, she fights back and wins in ITAT AhmedabadA Mumbai woman, Mrs. Sood, successfully appealed an income tax notice for an alleged unexplained Rs 51 lakh property investment. The Income...
14 Nov, 2025, 07.03 PM IST
Tax dept deducted Rs 10 lakh from guy’s bank a/c on suspicion of income concealment; he fights back and wins case in ITAT AhmedabadA Gujarati businessman successfully challenged the Income Tax department's action. The department had debited Rs 10 lakh from his bank acco...
06 Nov, 2025, 12.46 PM IST
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...
08 Sep, 2025, 03.02 PM IST
Father receives Rs 4 lakh as cash gift in son’s marriage and wins income tax case of unexplained income; ITAT Ahmedabad ruling explainedManubhai faced tax issues over cash gifts received before his son's wedding. The tax department alleged undisclosed income. Manubhai contes...
29 Aug, 2025, 10.39 AM IST
87A and STCG: Will recent ITAT ruling on Section 87A allow taxpayer to claim 87A rebate on Short term capital gains while filing ITR?A recent ITAT Ahmedabad ruling has sparked hope for taxpayers seeking Section 87A tax rebates on short-term capital gains (STCG) for FY 202...
26 Aug, 2025, 04.55 PM IST
Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT AhmedabadIn a significant win for taxpayers, the ITAT Ahmedabad has ruled that Section 87A tax rebate is applicable on short-term capital gains (STC...
26 Aug, 2025, 04.55 PM IST
Booking under-construction flat not a purchase, merits tax reliefUnder section 54 of the I-T Act, the period prescribed for investing the LTCGs in a new house is two years from the date of sale of the old...
23 Dec, 2017, 01.17 PM IST
Making samosa, chappati for sale entitle to tax exemptions: Income tax tribunal"manufacturing of chappati, paratha, samosa, dhokla constitutes manufacturing activity," said Ahmedabad bench of the ITAT.
11 Feb, 2013, 10.33 PM IST
- Now, pay only 15% tax on short-term gains
There is a dim ray of hope for scores of investors who were asked to pay a higher tax for selling shares within 30 days of purchase.
14 Jul, 2011, 02.19 AM IST