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A comprehensive guide for NRIs on residential status, taxable income, deductions, and income tax return filing in India.

NRI Income Tax Return Filing Guide for AY 2026-27: Residential Status, DTAA, Deductions & ITR Forms

Judgement

ITAT upholds CIT(A)’s remand order, directs AO to re-adjudicate reassessment after granting fair hearing.

NBFC Faced ₹3.09 Crore Tax Addition Over Alleged Accommodation Entry; ITAT Upholds Fresh Hearing Due to Natural Justice Violations

ITAT holds share losses taxable under the capital gains head, recognising long-standing investor status.

ITAT: Dolly Khanna’s Rs 54.23 Crore Short-Term Capital Loss Cannot Be Treated as Business Loss Merely Due to High Volume Share Transactions

The ITAT Delhi remands 8% commission estimation case to the CIT(A) for fresh consideration, noting taxpayer was not granted fair opportunity of hearing.

Estimation of 8% Solely Based on Assumptions Not Admissible under Law; ITAT Restores Appeal Before CIT(A) 

ITAT reduces estimated profit rate to 0.5%, recognizing low margins in newspaper publishing.

ITAT Cuts Estimated Profit from 15% to 0.5% in Newspaper Publishing Business

ITAT restored an addition, holding that an alleged accommodation entry routed through a shell company could not be treated as a genuine loan despite subsequent repayment.

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NRI Income Tax Return Filing Guide for AY 2026-27: Residential Status, DTAA, Deductions & ITR Forms

NBFC Faced ₹3.09 Crore Tax Addition Over Alleged Accommodation Entry; ITAT Upholds Fresh Hearing Due to Natural Justice Violations

ITAT: Dolly Khanna’s Rs 54.23 Crore Short-Term Capital Loss Cannot Be Treated as Business Loss Merely Due to High Volume Share Transactions

Estimation of 8% Solely Based on Assumptions Not Admissible under Law; ITAT Restores Appeal Before CIT(A)

ITAT Cuts Estimated Profit from 15% to 0.5% in Newspaper Publishing Business

ITAT Upholds Section 68 Addition for Alleged Accommodation Entry, Allows Revenue Appeal