Judgement

The ITAT Bangalore Holds Repurchase of Unexercised Vested Stock Options Cannot Be Taxed as Perquisite Under Section 17(2)(vi) 



ITAT Rules Flipkart Employee’s Unexercised ESOP Buyback Is Taxable as Capital Gains 

The ITAT remanded the penny stock LTCG exemption case to the Assessing Officer for fresh verification of documentary evidence and a fresh decision.

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT Chennai deleted a Rs 76.98 lakh tax addition after finding that the alleged 46.29-carat diamond stock shortage arose from an incorrect stock reconciliation by the AO.

ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

News

Authum Investment & Infrastructure Ltd. informed stock exchanges about an IT department search and seizure operation at its offices and premises, stating that it is cooperating with officials.

Authum Investment & Infrastructure Ltd. Informs Exchanges About Income Tax Department Search

The ITAT Delhi held the reassessment time-barred and upheld the deletion of additions for alleged bogus penny stock gains.

ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT held entire purchases cannot be disallowed where corresponding sales are accepted and stock records support transactions.

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ITAT Rules Flipkart Employee’s Unexercised ESOP Buyback Is Taxable as Capital Gains

ITAT Remands Penny Stock LTCG Exemption Case to AO for Fresh Verification of Documentary Evidence

ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

Authum Investment & Infrastructure Ltd. Informs Exchanges About Income Tax Department Search

ITAT Quashes Reassessment, Upholds Deletion of Penny Stock LTCG Addition

ITAT Restricts Bogus Purchase Addition to 1.15% Profit Element Despite Seller Denials