Lady wins Rs 83 lakh capital gains tax exemption case: ITAT Mumbai flags officer’s jurisdiction errorA taxpayer successfully challenged an Rs 83 lakh capital gains tax exemption denial in ITAT Mumbai. The Income Tax officer erred by reopeni...
18 Feb, 2026, 12.31 PM IST
Lady sells listed equity shares for Rs 26 crore and constructs house, pays no capital gains tax; ITAT Kolkata rules in her favourA woman successfully claimed capital gains tax exemption on Rs 26 crore from selling shares. The Income Tax Appellate Tribunal in Kolkata r...
14 Feb, 2026, 12.32 PM 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
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...
10 Dec, 2025, 11.57 AM IST
Rs 80 lakh gift from brother-in-law lands man in tax trouble; here’s how he won the caseA UAE resident received Rs 80 lakh as a gift from his brother-in-law. The tax department issued a Rs 69 lakh tax demand. However, the Incom...
14 Nov, 2025, 05.15 PM 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
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 ...
06 Sep, 2024, 04.24 PM IST
Income tax sop available even if capital gains not used for new house: ITATIf on sale of a residential house ( held for at least two years), the taxpayer makes a profit, then such profit is treated as a long-term c...
15 Mar, 2019, 10.45 AM IST
Shah Rukh Khan wins Income Tax case on earnings from Kaun Banega CrorepatiShah Rukh Khan had claimed a deduction of Rs 10 crore -- which he claimed was his expense -- while computing his business income.
22 Mar, 2017, 10.41 AM IST
Income Tax Appellate Tribunal order about Jama kharchi leaves traders in a limboJama kharchi companies "accommodate" accounting entries that help both the companies and give 2-4% commission to the go-between.
07 Aug, 2015, 11.13 AM IST
- Kolkata bench of ITAT allows Rajarani Exports to claim benefit for bribe
ITAT justified its decision by holding that there was no material to suggest the taxpayer company, Rajarani Exports, was aware that the pay...
09 Jun, 2012, 04.36 AM IST
Section 54 EC of I-T Act: Assessee, minor children eligible for separate tax exemptionThe clause exempts long term capital gains up to Rs 50 lakh if they are reinvested in prescribed securities.
07 Jun, 2012, 10.04 AM IST
- Provisions of Section 40 (a) (ia) are retrospective in nature: ITAT
ITAT has passed an order in which it has been held that provisions of Section 40 (a) (ia) are retrospective in nature, according to an amen...
20 Apr, 2012, 08.40 PM IST
- Law Ministry seeks more information in ITAT case
The Law Ministry is seeking more information to prosecute 20 members of IT tribunal for their alleged role in outsourcing writing of judgem...
23 Jan, 2012, 09.56 PM IST
- Set transfer pricing value on deal basis, rules ITAT
In what could provide relief to multinational taxpayers, the Income Tax Appellate Tribunal, Kolkata, has ruled that arm’s length price shou...
10 Jun, 2008, 12.03 AM IST
- MNC banks earning interest from abroad to be taxed here
The Income-tax Appellate Tribunal (ITAT), Mumbai has held that the interest received by branches in India from their overseas headquarters ...
07 Nov, 2006, 01.37 AM IST
- Tax disputes to be settled faster soon
Soon your tax appeals before the Income-Tax Appellate Tribunal will be decided in a month or two.
22 Aug, 2006, 02.07 AM IST