Judgement

The Tribunal ruled that the property should be valued according to 2009 (A.Y. 2010-11), as per the Explanation to Section 56(2)(vii)(b).

Property Valuation Should Be Based on Original Allotment Year: ITAT

Articles

Understand the reasons behind slower ITR refunds and learn how to easily check your refund status online.

ITR Refund Delays Explained: Reasons, Latest CBDT Update, and How to Check Your Refund Status

Court sets aside SVLDRS-3 issued under Arrears category; holds reassessment was pending due to Tribunal remand and therefore eligible for 70% relief

Bombay HC: SVLDRS Declaration Must Be Treated Under Litigation Category When Duty Stands Unfinalised

High Court finds that 153D approvals were granted mechanically and in haste, upholding ITAT’s order quashing assessments passed under Section 153A

Mass 153A Assessments Quashed: High Court Says 153D Approvals Were “Ritualistic, Not Real”

The government has launched a fresh compliance drive to ensure accurate reporting of overseas income and assets.

CBDT Reminds Taxpayers to Correct Foreign Asset Reporting or Face Penalties

Court upholds ITAT order deleting additions based solely on “base note” from French authorities; holds no nexus established between assessee and alleged Swiss accounts

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Property Valuation Should Be Based on Original Allotment Year: ITAT

ITR Refund Delays Explained: Reasons, Latest CBDT Update, and How to Check Your Refund Status

Bombay HC: SVLDRS Declaration Must Be Treated Under Litigation Category When Duty Stands Unfinalised

Mass 153A Assessments Quashed: High Court Says 153D Approvals Were “Ritualistic, Not Real”

CBDT Reminds Taxpayers to Correct Foreign Asset Reporting or Face Penalties

Bombay HC Quashes Rs. 27.99 Cr Addition: No 153A Action Without Incriminating Search Material