Judgement

Tribunal allows Section 54F exemption, holding eligible deductions cannot be denied on technical grounds.

Taxpayer Omitted Section 54F Claim in ITR; ITAT Grants Rs. 59.34 Lakh Exemption on Residential Flat Investment

The Income Tax Appellate Tribunal (ITAT) Ahmedabad has deleted an addition of Rs. 27.75 lakh made under Section 69 of the Income Tax Act, 1961, holding that the Revenue could not rely on an Excel sheet recovered from a third party during survey proceedings.

Woman Faced Rs. 27.75 Lakh Tax Addition Based on Builder’s Excel Sheet; ITAT Deletes Addition for Lack of Evidence

High Court upholds customs seizure, finding sufficient grounds to suspect smuggled areca nuts.

Customs Seized Rs. 2.22 Crore Areca Nuts Without Documents; Gauhati High Court Upholds Action Based on ‘Reason to Believe’

The Income Tax Appellate Tribunal (ITAT) Delhi has held that an appellate order passed by the CIT(A) in ex-parte manner, without adjudicating the issues on merits is unsustainable in law.

Property Seller Faced Rs. 32.48 Lakh Capital Gains Addition Based on Unregistered Sale Agreement; ITAT Sets Aside Ex-Parte CIT(A) Order

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled in favour of Zila Sahkari Bank Ltd. holding that a clerical error in disclosing depreciation in the Income Tax Return cannot be treated as unexplained investment under Section 69

Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d)

Articles

ITR-4 for AY 2026-27 introduces key changes. Check eligibility rules and the documents needed to claim tax deductions under various sections of the Income Tax Act.

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Taxpayer Omitted Section 54F Claim in ITR; ITAT Grants Rs. 59.34 Lakh Exemption on Residential Flat Investment

Woman Faced Rs. 27.75 Lakh Tax Addition Based on Builder’s Excel Sheet; ITAT Deletes Addition for Lack of Evidence

Customs Seized Rs. 2.22 Crore Areca Nuts Without Documents; Gauhati High Court Upholds Action Based on ‘Reason to Believe’

Property Seller Faced Rs. 32.48 Lakh Capital Gains Addition Based on Unregistered Sale Agreement; ITAT Sets Aside Ex-Parte CIT(A) Order

Cooperative Bank Claimed Rs. 2.22 Crore Dividend Exemption Under Wrong Section; ITAT Allows Deduction Under Section 80P(2)(d)

ITR Filing 2026: Essential Documents for ITR-4 Deduction Claims