Judgement

ITAT holds furnished office rent taxable as house property income, allowing standard deduction.

Furnished Office Given on Rent, GST Collected; ITAT Holds Income Taxable as House Property Income, Not Business Income

The Income Tax Appellate Tribunal (ITAT) Mumbai has restored to the AO the issue relating to alleged bogus Long-Term Capital Gains (LTCG) claimed on penny stock transactions.

Penny Stock LTCG Exemption of Rs. 1.41 Crore Under Scanner; ITAT Orders Fresh Verification After Finding Discrepancies in Share Transaction Records

Articles

AI-driven tax checks are increasing scrutiny notices, making accurate income reporting and data reconciliation essential for taxpayers.

Why More Taxpayers May Face Income Tax Scrutiny Notices This Year

ITAT holds demat transfer taxable while permitting examination of other deduction and loss claims.

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

The Income Tax Appellate Tribunal (ITAT) Delhi has held that rental income earned from letting out a premises is assessable under the head "Income from House Property".

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

The ITAT quashed the Section 263 revision order, holding that an assessment cannot be revised merely because the PCIT believes further enquiries were warranted.

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Furnished Office Given on Rent, GST Collected; ITAT Holds Income Taxable as House Property Income, Not Business Income

Penny Stock LTCG Exemption of Rs. 1.41 Crore Under Scanner; ITAT Orders Fresh Verification After Finding Discrepancies in Share Transaction Records

Why More Taxpayers May Face Income Tax Scrutiny Notices This Year

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

ITAT Quashes Section 263 Revision, Says PCIT Cannot Reopen Assessment for Mere Inadequate Inquiry