Judgement

The Income Tax Appellate Tribunal (ITAT) Delhi has deleted the addition made towards long-term capital gains and allowed the assessee's claim of long-term capital loss amounting to Rs 2.94 crore.

ITAT Deletes Addition And Allows Rs 2.94 Crore Long Term Capital Loss Claim on Sale of Jointly Owned Property

ITAT upholds charitable status, allows depreciation and grants capital gains exemption to trust.

ITAT Allows Sections 11 & 12 Exemption to Educational Trust; Deletes Capital Gains Addition and Depreciation Disallowance

ITAT upheld a Rs 6.58 crore addition under Section 68 after finding that the assessee failed to establish the lenders’ creditworthiness and the genuineness of the loan transactions.

ITAT Upholds Rs 6.58 Crore Addition Under Section 68 for Failure to Prove Loan Creditworthiness

The ITAT quashed the Rs 5.44 lakh TDS demand against SBI on Leave Fare Concession payments for foreign travel, granting relief by following its earlier precedent.

ITAT Quashes Rs 5.44 Lakh TDS Demand on SBI Over Leave Fare Concession Payments for Foreign Travel

Articles

June 30 is the final date for issuing income tax scrutiny notices for FY 2025-26 returns. Taxpayers should review their filings and watch for any notices.

June 30 Deadline: Last Chance for Income Tax Scrutiny Notices on FY 2025-26 Returns

News

Manoj Vaibhav Gems received a Rs 5.84 crore GST demand and penalty over alleged wrongful ITC claims on IPO-related expenses and plans to appeal

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ITAT Deletes Addition And Allows Rs 2.94 Crore Long Term Capital Loss Claim on Sale of Jointly Owned Property

ITAT Allows Sections 11 & 12 Exemption to Educational Trust; Deletes Capital Gains Addition and Depreciation Disallowance

ITAT Upholds Rs 6.58 Crore Addition Under Section 68 for Failure to Prove Loan Creditworthiness

ITAT Quashes Rs 5.44 Lakh TDS Demand on SBI Over Leave Fare Concession Payments for Foreign Travel

June 30 Deadline: Last Chance for Income Tax Scrutiny Notices on FY 2025-26 Returns

GST Department Slaps Rs 5.84 Crore Tax and Penalty on Manoj Vaibhav Gems