Judgement

The ITAT remanded a capital gains dispute to the Assessing Officer for fresh verification of the assessee’s Rs. 11.24 lakh indexed demolition cost claim related to a property sale.

Property Sale Tax Dispute: ITAT Remands Indexed Cost Disallowance Case Back to AO for Re-Examination

Notice under Section 148 held invalid where AO relied on third-party search material without recording mandatory satisfaction

Income Tax: Reopening After Search Quashed as Nexus with Escapement Not Established

AAR rules that EVA gloves, aprons and drapes are classifiable under Chapter 39 at 18% GST

AAR Classifies Medical Gloves, Aprons & Drapes Under Chapter 39; Probe & Camera Covers Held as Accessories

Articles

From April 2026, salaried taxpayers claiming HRA for rent paid to relatives must disclose their relationship with the landlord.

New Income Tax Act 2025: HRA Claims on Rent Paid to Relatives Face Stricter Disclosure Rules

The CIT(A) observed that gifts received from "relatives" (as per section 56(2)(vii) of the Act) are exempt in the hands of the assessee under Section 56(2)(vii) of the Income Tax Act.

Gifts Received by Relatives Not Taxable u/s 56(2) (vii): ITAT Upholds CIT(A)'s Order

Price revisions under pre-GST coal contracts held taxable under transition provisions under the CGST Act.

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Property Sale Tax Dispute: ITAT Remands Indexed Cost Disallowance Case Back to AO for Re-Examination

Income Tax: Reopening After Search Quashed as Nexus with Escapement Not Established

AAR Classifies Medical Gloves, Aprons & Drapes Under Chapter 39; Probe & Camera Covers Held as Accessories

New Income Tax Act 2025: HRA Claims on Rent Paid to Relatives Face Stricter Disclosure Rules

Gifts Received by Relatives Not Taxable u/s 56(2) (vii): ITAT Upholds CIT(A)'s Order

AAR Rules GST Applicable on Price Escalation Payments Received Post-GST for Pre-GST Coal Supplies