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ITAT BAR ASSOCIATIONS
Man sets-off Rs 5.18 crore short term capital loss from shares against Rs 5.21 crore LTCG; tax dept sent notice; he wins case in HCA taxpayer has won a significant victory in the Bombay High Court. The court allowed the set-off of short-term capital loss against long-te...- Section 87A rebate on capital gains from debt mutual fund: ITAT Chandigarh gives relief to taxpayer and cancels Rs 25,710 tax demand notice from Income Tax DeptThe Income Tax Appellate Tribunal in Chandigarh has ruled that taxpayers can claim the Section 87A tax rebate on long-term capital gains fr...
- Taxpayer wins case in ITAT Mumbai: Rs 1 crore tax demand quashed after TDS mismatch in Form 26ASA Mumbai taxpayer successfully challenged a Rs 1 crore tax demand at ITAT Mumbai after Form 26AS failed to reflect TDS credit. Despite payi...
- Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can doTaxpayers who claimed Section 87A rebate on special incomes like STCG before July 5, 2024, may receive tax demand notices due to rectificat...
- Extend ITR Filing last date to October 15, demands ATBA due to tech issues and glitches with ITR portal like errors in validation, slow uploadsITR Filing Due Date: Several organizations, including the Karnataka State Chartered Accountants Association (KSCAA), ICAI, and Advocates Ta...
- Husband has to pay income tax for wife’s Rs 17-crore land sale deal due to this reason; ITAT Bangalore ruling explainedIn a recent ruling, the Income Tax Appellate Tribunal (ITAT) Bangalore held that a wife is exempt from income tax on the ₹17.26 crore sale ...
- No income tax for lady who sold land for Rs 4.5 crore; Know how a 1955 circular and established case laws saved the day for herSeema S sold property in Patna. She incorrectly claimed Section 54 for LTCG tax exemption. The tax officer rejected her claim. Seema appeal...
- After STCG ruling, now LTCG also allowed to get Section 87A tax rebate, rules ITAT ChennaiOn August 20, 2025, Chennai ITAT allowed Section 87A tax rebate on long term capital gains (LTCG). This decision favors taxpayers with inco...
- 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...
- Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here’s how it happenedA Mumbai woman sold two flats gifted by her husband for Rs six crore. She did not pay income tax on the sale as she claimed Section 54 Long...
- Taxpayer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical groundsIn 2025, an Indian engineer working in Dubai, won a tax case against the Income Tax Department regarding a Rs 69-lakh 'unexplained investme...
- 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 ...
- Budget 2024: The time limit for which income tax reassessment can be done is reducedBudget 2024: Time limit for reassessment is proposed to be reduced from ten years to five years. It is also proposed to withhold refund up ...
- NRAI reiterates its stance that there is no illegality in levying a service chargeNRAI said service charge is a part of the owner’s discretion / decision regarding the total price payable by a customer with regards to sal...
- You can’t pick and choose: Apex court to centre on tribunal members’ selection“The selection panel recommended 9 judicial members and 10 technical members. Some were appointed and others kept waiting. We cannot ignore...
- ITAT Bar Association opposes move to make the tribunal facelessFederation of ITAT Bar Associations (Federation), an umbrella association of Income Tax Appellate Tribunal Bar Associations of the country ...
- In Covid lockdown, taxmen unclock spiritual capitalIncome Tax Department officials, judges of various High Courts, members of the Income Tax Appellate Tribunal and those of Bar Associations ...
- You can avail tax benefits on capital gains invested more than once for new houseIf a taxpayer owns more than one house, other than the 'new' residential property, on the date of transfer of the original assets, I-T bene...
- Retired ITAT members banned from appearing for tax hearingsMinistry of law and justice has banned retired members of Income-Tax Appellate Tribunal, a quasi judicial body on tax matters, from appeari...
- ITAT chief's powers on postings upheldThe Supreme Court, in a recent order, has reaffirmed the powers of the president of Income Tax Appellate Tribunal (ITAT), a quasi judicial ...
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