The ITAT clarified that taxpayers can raise a Section 54 claim even if it was not made in the original return, provided the ...
The Tribunal held that reassessment proceedings were invalid as approval was taken from the wrong authority beyond three years. It ruled that such non-compliance with Section 151(ii) vitiates ...
The Tribunal supported the CIT(A)s decision to allow a new claim under Section 10A, noting that appellate proceedings are a continuation of assessment and aimed at determining correct tax ...
A recent ruling by the Income Tax Appellate Tribunal (ITAT) has offered relief to taxpayers who failed to claim capital gains ...
The ITAT ruling underscores the importance of properly reporting ESOPs in income tax returns, particularly for foreign ...
ITAT Clarifies TDS Rule on Property Deals, Offers Relief in Multi-Seller Cases In a significant development for homebuyers, ...
ITAT Jaipur has condoned a 631-day delay in filing an appeal, citing lack of digital literacy, and restored the case for ...
In a relief for homebuyers, ITAT Ahmedabad has ruled that no TDS under Section 194-IA is required even if the total property ...
An employee was fined ₹10 lakh for not disclosing ESOP shares in his income tax return. The ITAT Chennai canceled the penalty ...
Mumbai: The Bombay high court has quashed an ITAT order that upheld additional ‘unaccounted income’ as taxable for an individual who is alleged to have engaged in rigging of stocks, observing the ...
Taking a step towards Digital India and bringing in more transparency and comfort, Union Law Minister Ravi Shankar Prasad on Friday launched e-filing portal of Income Tax Appellate Tribunal (ITAT).