Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
08 Jun, 2026, 09.52 AM IST
Supreme Court notice to Centre on plea highlighting vacant posts in Income Tax Appellate TribunalThe Supreme Court on Tuesday has asked the Centre to fill vacant posts across the Income Tax Appellate Tribunal. A bench directed High Cour...
26 May, 2026, 12.29 PM IST
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
22 May, 2026, 07.21 AM IST
Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
05 May, 2026, 12.09 AM IST
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
04 May, 2026, 11.32 AM IST
Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT DelhiThe Income Tax Appellate Tribunal (ITAT) Delhi ruled that property received through a Hindu family settlement is not a taxable gift. The tr...
27 Feb, 2026, 02.49 PM IST
Man denied double taxation benefit for tax on salary paid in Singapore as Form 67 not filed within due date; He files case in ITAT Delhi and wins caseAn Indian taxpayer successfully challenged the tax department in the ITAT Delhi. The tribunal ruled that foreign investments made in daught...
03 Feb, 2026, 07.11 AM IST
Sold land for Rs 5 crore, bought new land in wife’s name, paid no capital gains tax, got tax notice; Why ITAT Delhi denied tax exemptionA man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax ex...
02 Feb, 2026, 11.45 AM IST
UK-based taxpayer ignored tax notices, still escaped Rs 10,000 penalty; here’s whyA UK resident successfully challenged a Rs 10,000 tax penalty imposed for not responding to a notice. The Income Tax Appellate Tribunal (IT...
10 Jan, 2026, 07.11 AM IST
Man cuts taxable income by Rs 25 lakh by setting off losses from shares and mutual funds against current LTCG: ITAT Delhi clarifies rulesITAT Delhi ruled that brought forward long-term capital losses and current year's short-term capital losses from shares and mutual funds ca...
19 Dec, 2025, 10.51 AM IST
Taxpayer earned Rs 81 crore tax-exempt income; I-T dept disallowed tax exemption on Rs 17 crore; Taxpayer fights and wins case in ITAT DelhiA notable victory has been achieved in the tax arena as a taxpayer triumphed at ITAT Delhi, overcoming a significant hurdle with the Income...
18 Dec, 2025, 11.38 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
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...
04 Nov, 2025, 08.16 AM IST
Man gets tax notice for depositing Rs 8 lakh in bank account, tax dept deems it as presumptive business income; he wins case in ITAT DelhiA taxpayer successfully challenged the tax department's classification of an Rs 8 lakh cash deposit as presumptive business income. The ITA...
31 Oct, 2025, 08.21 AM IST
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...
30 Oct, 2025, 11.23 AM IST
Taxpayer with unexplained investment gets part relief in ITAT Delhi due to his socio-economic status, know what it meansOn September 2, 2025, ITAT Delhi granted partial relief to taxpayer Husain, reducing his unexplained investments from Rs 7.82 lakh to Rs 1....
30 Sep, 2025, 06.58 AM IST
Husband bought property for Rs 60 lakh jointly with wife; Income tax dept sent her notice for unexplained investments; she wins case in ITAT DelhiIn a peculiar case, a wife faced tax scrutiny for a property purchase recorded by the sub-registrar, despite her husband declaring the inve...
19 Sep, 2025, 07.41 PM IST