Judgement

ITAT holds demat transfer taxable while permitting examination of other deduction and loss claims.

Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

The Income Tax Appellate Tribunal (ITAT) Delhi has held that rental income earned from letting out a premises is assessable under the head "Income from House Property".

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

The ITAT quashed the Section 263 revision order, holding that an assessment cannot be revised merely because the PCIT believes further enquiries were warranted.

ITAT Quashes Section 263 Revision, Says PCIT Cannot Reopen Assessment for Mere Inadequate Inquiry

News

Barbeque Nation received tax relief after the Income Tax Department withdrew its entire demand of Rs 8.63 crore. The company is also appealing a Rs 2.78 crore income addition.

Barbeque Nation Gets Rs 8.63 Crore Tax Demand Withdrawn After Rectification Order

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that the provisions of Section 115BBDA are not applicable where dividend income is received from a foreign subsidiary company.

ITAT Holds That Section 115BBDA Is Not Applicable to Dividend Received from Foreign Subsidiary

The ITAT holds the relevant date for calculating the assessment block is the date on which the non-searched person’s Assessing Officer records a satisfactory note.

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Son Transferred Shares Worth Rs. 96.32 Crore to Mother's Demat Account as ‘Loan’; ITAT Upholds Capital Gains Tax on Transfer

Charging GST on Rent Doesn't Make It Business Income: ITAT Rules Rental Receipts Still Taxable as House Property Income

ITAT Quashes Section 263 Revision, Says PCIT Cannot Reopen Assessment for Mere Inadequate Inquiry

Barbeque Nation Gets Rs 8.63 Crore Tax Demand Withdrawn After Rectification Order

ITAT Holds That Section 115BBDA Is Not Applicable to Dividend Received from Foreign Subsidiary

ITAT Holds Assessment Block Is Calculated From Date On Which Satisfactory Note Is Recorded