Judgement

The ITAT Delhi criticized an Assessing Officer for repeatedly ignoring remand report requests and urged CBDT to act against erring officers, while upholding the remand of a capital gains dispute involving a flat sale and rejecting a Section 54 deduction claim raised for the first time in appeal.

Woman Sold Flat, Sought Section 54 Tax Exemption During Appeal; ITAT Rejects Claim Not Made in Return or Assessment Proceedings

The Income Tax Appellate Tribunal (ITAT) Delhi has quashed reassessment proceedings initiated against an assessee holding that the notice issued under Section 148 of the Income Tax Act was barred by limitation under Section 149(1).

ITAT Delhi Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

The ITAT finds that the taxpayer had adequately substantiated the source of funds for a residential property purchase through documentary evidence and financial support from her Dubai-based husband.

Full Relief Granted: ITAT Mumbai Accepts Dubai-Based Husband’s Funding for Property Purchase

ITAT Accepts NRI Husband’s Funding for Property Purchase: Deletes Rs. 80.10 Lakh Income Tax Addition

Articles

A comprehensive guide for NRIs on residential status, taxable income, deductions, and income tax return filing in India.

NRI Income Tax Return Filing Guide for AY 2026-27: Residential Status, DTAA, Deductions & ITR Forms

ITAT upholds CIT(A)’s remand order, directs AO to re-adjudicate reassessment after granting fair hearing.

NBFC Faced ₹3.09 Crore Tax Addition Over Alleged Accommodation Entry; ITAT Upholds Fresh Hearing Due to Natural Justice Violations

ITAT holds share losses taxable under the capital gains head, recognising long-standing investor status.

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Woman Sold Flat, Sought Section 54 Tax Exemption During Appeal; ITAT Rejects Claim Not Made in Return or Assessment Proceedings

ITAT Delhi Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period

ITAT Accepts NRI Husband’s Funding for Property Purchase: Deletes Rs. 80.10 Lakh Income Tax Addition

NRI Income Tax Return Filing Guide for AY 2026-27: Residential Status, DTAA, Deductions & ITR Forms

NBFC Faced ₹3.09 Crore Tax Addition Over Alleged Accommodation Entry; ITAT Upholds Fresh Hearing Due to Natural Justice Violations

ITAT: Dolly Khanna’s Rs 54.23 Crore Short-Term Capital Loss Cannot Be Treated as Business Loss Merely Due to High Volume Share Transactions