Judgement

ITAT held that capital gain exemption under Section 54 is allowable even if the return is filed belatedly under Section 139(4) under certain condition.

ITAT Allows Capital Gain Exemption u/s 54 Despite Belated ITR

Articles

HRA or House Rent Allowance that is provided to employees by their employer, has now some new updates in its rules for the AY 2025-26.

HRA Exemption: New ITR Rules for Claiming HRA from AY 2025-26

ITAT holds that TDS credit supported by physical certificates cannot be allowed automatically without verification by the Assessing Officer.

TDS Credit Cannot be Allowed Automatically on Basis of Physical Certificates without Verification: ITAT

ITAT upheld addition u/s 69A against Senior Citizen who was found with Rs. 95.89 Lakh Cash during Train Journey

95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

News

The I-T Department is closely monitoring HNIs using advanced tools like 360-degree profiling to detect tax mismatches based on spending and foreign remittances.

HNI Taxpayers not reporting Income and Filing ITR Properly

Orders

ITAT deletes penalty under Section 271(1)(c) as no concealment found in belated capital gains deduction claim u/s 54EC and 54F.

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ITAT Allows Capital Gain Exemption u/s 54 Despite Belated ITR

HRA Exemption: New ITR Rules for Claiming HRA from AY 2025-26

TDS Credit Cannot be Allowed Automatically on Basis of Physical Certificates without Verification: ITAT

95.89 Lakh Cash seizure during Train Journey from Senior Citizen: ITAT uphold addition u/s 69A

HNI Taxpayers not reporting Income and Filing ITR Properly

ITAT Deletes Penalty Proceedings on Claim of Capital Gain Deductions u/s 54EC and 54F in Belated ITR