Judgement

Procedural lapse cannot override substantive compliance where entire capital gain is invested in new residential house within statutory period

ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

ITAT Delhi Holds Chartered Accountant Partner Can Opt for Section 44ADA on Firm Remuneration

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

Tribunal Remands Case to AO to Determine Whether Receipt Was Genuine Property Advance or Loan

ITAT Grants Fresh Opportunity in Rs. 20 Lakh Section 68 Addition Linked to Alleged Accommodation Entry

News

The Income Tax Department urges citizens to confidentially report the use of black money in the Maharashtra Municipal Corporation Elections 2025-26 to ensure free and fair elections.

IT Department Seeks Public Support to Curb Black Money in Maharashtra Municipal Elections 2025-26

ITAT quashed Rs. 43.50 lakh penalty under Section 271D, holding that penalty proceedings are invalid without assessment proceedings by AO.

Penalty Under Section 271D Invalid Without Assessment Proceedings: ITAT

ITAT held that genuine share transactions supported by proper documents cannot be treated as bogus LTCG merely on suspicion and deleted the Rs. 1.34 crore addition under section 68.

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ITAT Allows Full Section 54 Exemption Despite Non-Deposit in Capital Gain Account Scheme

Partner’s Remuneration Eligible for Presumptive Taxation Under Section 44ADA

ITAT Grants Fresh Opportunity in Rs. 20 Lakh Section 68 Addition Linked to Alleged Accommodation Entry

IT Department Seeks Public Support to Curb Black Money in Maharashtra Municipal Elections 2025-26

Penalty Under Section 271D Invalid Without Assessment Proceedings: ITAT

ITAT Quashes Rs. 1.34 Crore Section 68 Addition in Alleged Bogus LTCG Case