Judgement

The ITAT Delhi held that payments made to tenants for vacating a property to facilitate its sale are deductible while computing capital gains and directed the tax authorities to recompute the taxpayer’s liability.

ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

Tribunal quashes reassessments and deletes penny stock additions citing lack of independent inquiry.

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT upheld the Rs 1.59 lakh notional rent addition on a vacant Hyderabad flat and dismissed the assessee’s appeal.

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Articles

A comprehensive guide to ITR-2 filing covering eligibility, latest AY 2026-27 updates, capital gains reporting, foreign asset disclosures, and common mistakes taxpayers should avoid.

Decoding ITR-2: A Practical Handbook for Taxpayers

ITAT held that cash deposits already recorded and taxed in the successor proprietorship concern cannot be taxed again in the hands of the dissolved partnership firm and remanded the matter for verification.

If Deposits Are Already Included in Proprietor’s Income, They Cannot Be Taxed Again: ITAT

Tribunal quashes assessment citing invalid jurisdiction transfer and absence of valid scrutiny notice.

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ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence

ITAT Delhi Upholds Tax on Notional Rent from Vacant Flat: Dismisses Assessee’s Appeal

Decoding ITR-2: A Practical Handbook for Taxpayers

If Deposits Are Already Included in Proprietor’s Income, They Cannot Be Taxed Again: ITAT

ITAT Grants Relief Over Defective Transfer and Notice Proceedings