Property bought for ₹1.23 crore, its market value rose to ₹1.46 crore: Why ITAT Kolkata gave homebuyer ₹11.35 lakh tax reliefA recent ITAT ruling highlights a crucial tax issue for property buyers: an increase in stamp duty value between the agreement and registra...
01 Oct, 2026, 10.27 AM IST
Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
30 Sep, 2026, 05.44 PM IST
Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...
30 Sep, 2026, 05.43 PM IST
Brother-in-law caught with Rs 4.34 lakh worth of foreign currency; income tax officer sends notice; he wins case in ITAT Delhi with help from sister-in-lawA brother-in-law got into trouble when he was found with Rs 4.34 lakh in foreign currency. A tax officer sent him a notice about it. But, t...
30 Sep, 2026, 05.43 PM IST
Man paid lower income tax by setting off business loss against long term capital gains but received income tax notice; wins case in ITAT DelhiMan pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. IT...
30 Sep, 2026, 11.02 AM IST
NCLAT issues notices to lenders on Subhash Chandra’s plea against NCLT orderNCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT order that constituted a five-member...
30 Sep, 2026, 01.49 AM IST
NCLAT issues notice to creditors on Subhash Chandra's Plea; sets next hearing for Oct 29-30The National Company Law Appellate Tribunal will hear Subhash Chandra's appeal regarding his personal insolvency on specific dates. Chandra...
29 Sep, 2026, 02.42 PM IST
NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online ServicesNCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismi...
27 Sep, 2026, 12.16 PM IST
Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...
26 Sep, 2026, 03.05 PM IST
Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...
26 Sep, 2026, 11.53 AM IST
US citizen received Rs 30 lakh income tax demand notice in India, was denied India-US DTAA relief due to a mistake: Know how she won at ITAT DelhiRs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Delhi; Know how
23 Sep, 2026, 08.58 PM IST
Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...
22 Sep, 2026, 09.18 PM IST
Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives reliefEmployee with Rs 14.42 lakh salary pays Rs 4.53 lakh income tax in Belgium and asks for credit under the India-Belgium DTAA; Income Tax Dep...
22 Sep, 2026, 03.09 PM IST
5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
19 Sep, 2026, 03.36 PM IST
ITR filed under old tax regime by mistake, income tax paid under new regime: How a lady won case in ITAT DelhiFiled ITR under the old tax regime but paid income tax under the new tax regime; ladywins case in ITAT Delhi after proving her accountant m...
17 Sep, 2026, 10.18 AM IST
Delhi High Court raps ITAT over Patanjali tax appeals; cites 'undue haste' and 'non-application of mind' in proceedingsThe Delhi High Court criticized the Income Tax Appellate Tribunal for its procedural lapses. The tribunal's actions in a Patanjali Ayurved ...
16 Sep, 2026, 12.30 AM IST
Delhi HC quashes seven ITAT orders in Patanjali case, flags 'shocking' procedural lapses and undue hasteThe Delhi High Court has quashed seven orders passed by the Income Tax Appellate Tribunal (ITAT) in a batch of cross-appeals involving Pata...
15 Sep, 2026, 04.55 PM IST