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INCOME TAX APPELLATE TRIBUNAL
Rs 4.29 crore MCX commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR; Income Tax Dept imposed Rs 25,000 penalty, but he wins case in ITAT Jaipur- In 2021, a Baltimore property entered the tax-sale system despite a $13,478 tax payment; what did the court say?
- Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's why
- Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...20 Oct, 2026, 08.22 AM IST
- NCLAT revives Walchandnagar Industries' insolvency plea against Swaraj India Agro on SC directionThe National Company Law Appellate Tribunal restored an appeal from Walchandnagar Industries against Swaraj India Agro. This restoration fo...18 Oct, 2026, 02.56 PM IST
- Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...17 Oct, 2026, 10.41 AM IST
- Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...16 Oct, 2026, 02.21 PM IST
- Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...16 Oct, 2026, 12.45 PM IST
- Wife couldn’t prove husband’s affair with maid, yet got Rs 50 lakh alimony and divorce; Patna HC explains whyWife got Rs 50 lakh permanent alimony and divorce even though she couldn’t prove husband’s affair with maid; Know how she won case in Patna...15 Oct, 2026, 05.48 PM IST
- ₹1.70 crore undisclosed cash alleged in property sale, Income Tax Dept relies on WhatsApp chats and Excel sheets; here's why taxpayer wins at ITAT DelhiThe Delhi Income Tax Appellate Tribunal quashed the assessment against Mr. Sehgal regarding alleged undisclosed cash. The Income Tax Depart...15 Oct, 2026, 10.49 AM IST
- Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...14 Oct, 2026, 01.13 PM IST
- SC rejects MMTC appeal against National Spot Exchange settlement schemeThe Supreme Court has dismissed MMTC's appeal regarding a settlement scheme by National Spot Exchange Ltd. The scheme, amounting to Rs 1,95...14 Oct, 2026, 08.13 AM IST
- Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT JaipurSenior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT J...13 Oct, 2026, 04.28 PM IST
- West Bengal SIR appeals pile up: 37 lakh cases await verdictSeventeen Appellate Tribunals in West Bengal have resolved 126,194 cases while 37,05,235 appeals remain pending. These appeals primarily st...13 Oct, 2026, 09.13 AM IST
- Salary from South Korean employer credited to NRE account triggers income tax notice; ITAT Bangalore gives employee reliefEmployee gets income tax notice over salary received in NRE account from South Korean employer; ITAT Bangalore gives him relief. Know what ...12 Oct, 2026, 04.11 PM IST
- Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...10 Oct, 2026, 12.04 PM IST
- Income tax department survey reveals large-scale property scam in Gurgaon; 25,000 properties linked to fictitious PANAn Income Tax department survey in Gurgaon's Badshahpur tehsil unraveled that a single fictitious Permanent Account Number (PAN), 'ABCDEF12...09 Oct, 2026, 06.53 PM IST
- I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabsDr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department b...09 Oct, 2026, 12.29 AM IST
- Electricity subsidy for existing businesses is taxable, Supreme Court rulesThe Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. T...08 Oct, 2026, 12.07 AM IST
- Irish company tax ruling offers capital gains relief hope to foreign investorsIn a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect t...05 Oct, 2026, 07.36 AM IST
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