Plant 500 trees and explain Rs 11.22 crore additional income: A rare direction from ITAT Chandigarh asks taxpayer with Rs 1.79 lakh income shown in ITRThis Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured l...
21 Aug, 2026, 07.10 AM 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 ...
24 Jul, 2026, 10.54 AM IST
Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
26 Jun, 2026, 12.13 PM IST
Rs 50 lakh insurance purchase with Rs 4.8 Lakh income triggers tax trouble: ITAT rejects HUF funding claim; here's whyA woman's Rs 50 lakh insurance policy purchase was deemed an unexplained investment. She claimed HUF funding from agricultural income. The ...
13 Mar, 2026, 02.46 PM IST
Full Section 87A tax rebate on LTCG from equity income for AY 2024-25 allowed by ITAT Chennai; know how the taxpayer wonThe Income Tax Appellate Tribunal ITAT Chennai has ruled that taxpayers can claim the Section 87A tax rebate on long-term capital gains fro...
04 Feb, 2026, 07.44 AM IST
Zero tax up to Rs 12 lakh, but not on capital gains? Why Budget 2026 must fix this anomalyBudget 2026 is urged to align capital gains tax with income tax slabs and the Section 87A rebate, currently excluding these benefits. Exper...
21 Jan, 2026, 11.09 AM IST
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...
07 Jan, 2026, 07.51 AM IST
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...
13 Dec, 2025, 11.01 AM IST
Man sells Delhi property, shifts to Australia; tax dept adds Rs 40 lakh as unexplained cash credit, but he wins in ITAT DelhiThe Income Tax Appellate Tribunal in Delhi has made waves with its recent ruling. Taxpayers can now benefit from capital gains tax exemptio...
02 Dec, 2025, 12.21 PM IST
Pan masala and Bidi trader with Rs 5 crore turnover gets tax notice for unexplained cash credit, wins relief at ITAT Surat; here's whyA wholesale trader of Pan Masala and Bidi secured a significant victory at the ITAT Surat. The tribunal deleted an addition of Rs 12.29 lak...
02 Dec, 2025, 11.04 AM IST
Retired government employee denied tax exemption on leave encashment,fights and wins in ITAT Chandigarh; here’s whyIn a recent ruling, the Income Tax Appellate Tribunal in Chandigarh has granted a significant tax relief to Mr. Saini, a retired worker fro...
23 Nov, 2025, 07.00 AM IST
Can you convert a leasehold property such as in Noida into freehold? Know how it’s different from a freehold property in GhaziabadIn Noida, property ownership operates under a leasehold model, which means the land is ultimately owned by the authority, whereas Ghaziabad...
20 Nov, 2025, 12.24 PM IST
Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can doChartered accountants highlight persistent mismatches in the income tax portal's Form 26AS and AIS, causing reconciliation issues and filin...
13 Sep, 2025, 09.40 PM IST
Now even BJP CA cell asks for ITR deadline extension due to technical glitches, data mismatch on the ITR portalThe Bharatiya Janata Party (BJP) CA Cell in Pune has urged Finance Minister Nirmala Sitharaman to extend Income Tax Return (ITR) and tax au...
10 Sep, 2025, 06.42 PM IST
Extend ITR and tax audit deadlines due to tax portal glitch, data mismatch in AIS and Form 26AS, new ICAI format, says CCTAXITR Filing Deadline Extended?: The Chandigarh Chartered Accountants Taxation Association (CCTAX) has urged the CBDT to extend the ITR and t...
10 Sep, 2025, 06.40 PM IST
ITR filing deadline needs to be extended as portal glitch, Navratri, Dussehra festive season and new ICAI format for non-corporates, says RTCAITR filing due date: Tax consultants in Rajasthan are requesting an extension for the Income Tax Return filing deadline. They cite glitches...
08 Sep, 2025, 03.08 PM IST
Leave travel allowance (LTA) to be tax exempt only for domestic travelThis was clarified in a recent ruling by the Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) while hearing an appeal of a PSU ...
15 May, 2013, 12.01 PM IST