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The Income Tax Department is reopening old tax assessment cases to catch businesses that reduced their profit by submitting false expenses and trying to avoid paying tax.

Fake Invoicing: Income Tax Department sending notices to Reopen Old Tax Cases

The ITAT ruled in favor of the taxpayer, Anil Murarilal Agarwal, holding that the allotment and transfer date of flats not the registration date determines the year of capital gains taxation.

Allotment Date and Not Registration Date Determines Capital Gains [Read Order]

The ITAT ruled in favor of Ms. Lena Purshottam Patel, deleting the penalty on her cash deposits made during demonetization.

Cash Deposit During Demonitization: ITAT Deletes Penalty on Savings of Women Who Worked in Unorganized Sector

It is necessary for all taxpayers to understand the process of filing tax returns, whether they are first-time filers or seasonal taxpayers. Below are the detailed steps.

How to File Your Income Tax Returns: Know Step-by-step Procedure

The assessee earned over Rs. 2 crore as LTCG from the sale of shares and claimed exemption under Section 10(38). The AO under Section 148 and treated the LTCG as bogus.

ITAT Deletes Addition on Bogus Long Term Capital Gain Exemption [Read Order]

ITAT Deletes Addition on Bogus Long-Term Capital Gain Exemption [Read Order]

ITAT allowed a delayed Section 54F exemption claim and remanded the case to the AO for fresh valuation, directing verification of co-ownership and cost of acquisition.

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Fake Invoicing: Income Tax Department sending notices to Reopen Old Tax Cases

Allotment Date and Not Registration Date Determines Capital Gains [Read Order]

Cash Deposit During Demonitization: ITAT Deletes Penalty on Savings of Women Who Worked in Unorganized Sector

How to File Your Income Tax Returns: Know Step-by-step Procedure

ITAT Deletes Addition on Bogus Long-Term Capital Gain Exemption [Read Order]

ITAT Allows Late Claim of Section 54F Exemption [Read Order]