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SALES TAX APPELLATE
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...
Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...
Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and win caseA father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT Pune ruled in ...
Income tax tribunal ruling clarifies capital gains tax liability for property ownersThe ITAT decided that merely having one's name on a property title does not automatically mean ownership if there is clear evidence indicat...
Toyota Kirloskar gets ITAT relief over royalty paymentsThe appellate body approved the company's royalty payment of ₹646 crore at 6% of local value addition and rejected the transfer pricing off...
Can’t pay tax on fictional income: Flipkart to Income Tax Appellate TribunalTax and startup industry experts say a verdict against Flipkart could fundamentally change how internet and other companies in India are ta...
Rajasthan High Court rejects Cairn India claim for refund of Rs 300 crore cessA Division Bench of the HC, set aside the order of the Central Excise and Sales Tax Appellant Tribunal while allowing the appeal of the cen...
Ambuja, Keventer to invest in north Bengal: Mamata BanerjeeDisputes should be solved through negotiations and talks", the Chief Minister said..hit out at a section of the media for allegedly trying ...
Tax rebate allowed on capital gains after property saleITAT of Chennai had held that interest on home loans will continue to remain out of the tax net even if the house is sold later.
- Now, pay only 15% tax on short-term gains
ITAT has ruled that profits from sale of shares held for less than 30 days are eligible to be treated as short-term capital gains, on which...
- SC issues notices to 23 states, 3 UTs on Tata Motors' plea
SC has issued notices to 23 states and three UTs on a petition by Tata Motors seeking quashing of the Central Sales Tax Appellate Authority...
- Cabinet okays CST Act rejig
The Union Cabinet on Tuesday approved amendments to the Central Sales Tax Act, 1956, to give effect to the Supreme Court's recent directive...