Month: July 2026

Read more at: https://taxguru.in/income-tax/assessment-order-enhaning-addition-opportunity-quashed-bombay-hc.html?utm_source=follow.itCopyright © Taxguru.in https://taxguru.in/income-tax/assessment-order-enhaning-addition-opportunity-quashed-bombay-hc.html?utm_source=follow.it Material Facts The petitioner challenged the final Assessment Order dated 28.09.2022 passed under Sections 144 and 144B of the

Read more at: https://taxguru.in/income-tax/section-54ec-deduction-enhanced-rs-1-crore-rectifying-tribunal-order-itat-pune.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee filed a Miscellaneous Application under Section 254(2) of the Income Tax Act, 1962 seeking rectification of

Read more at: https://taxguru.in/income-tax/capital-gains-jda-taxable-completion-certificate-year-section-54-54f-relief-allowed-itat-bangalore.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee filed four appeals for Assessment Years 2014-15, 2018-19, 2019-20 and 2020-21 concerning taxability of income arising

Read more at: https://taxguru.in/income-tax/section-147-assessment-set-ito-lacked-pecuniary-jurisdiction-itat-delhi.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee appealed against the order of the National Faceless Appeal Centre dated 11.01.2024, arising from an assessment

https://www.financialexpress.com/money/income-tax/received-an-income-tax-reassessment-notice-this-itat-ruling-shows-when-you-can-challenge-it/4294836 If you receive an income tax reassessment notice, your first instinct may be to focus on proving that the tax demand is incorrect. But what

https://www.financialexpress.com/money/man-sells-house-for-rs-1-10-crore-income-tax-calculates-capital-gains-on-rs-196-crore-what-itat-says-4294923 The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has clarified an important point for taxpayers selling property below the stamp duty value. The Tribunal

https://www.financialexpress.com/money/now-check-foreign-income-amp-assets-data-in-ais-ahead-of-itr-filing-4294954 The inclusion of foreign income and investment data in the Annual Information Statement (AIS) will improve tax compliance and reduce inadvertent reporting errors. Taxpayers

https://www.financialexpress.com/money/your-loan-queries-nris-can-get-home-loans-from-indian-banks-4294998 My brother is working in Dubai and plans to invest in a property in Chennai. How can he apply for a loan from an

Read more at: https://taxguru.in/income-tax/itat-chennai-deletes-addition-based-solely-third-party-statement-reopened-assessment.html?utm_source=follow.itCopyright © Taxguru.in The Income Tax Appellate Tribunal (ITAT), Chennai, considered an appeal filed by an individual consultant doctor against the order of

Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-years-invalid-actual-escaped-income-rs-50-lakh.html?utm_source=follow.itCopyright © Taxguru.in Hyderabad ITAT: Reassessment Beyond Three Years Invalid Where Actual Escaped Income Is Below ₹50 Lakh The Hyderabad ITAT quashed the

Read more at: https://taxguru.in/income-tax/section-56-2-x-tax-redevelopment-flat-possession-alternate-accommodation-received-consideration.html?utm_source=follow.itCopyright © Taxguru.in Section 56(2)(x) Cannot Tax Redevelopment Flat Before Possession: Alternate Accommodation Is Not Received Without Consideration The Mumbai ITAT held that section