ITAT Mumbai rules on the contentious issue of taxing deemed rental income from unsold flats held as stock-in-trade by property developers, citing conflicting High Court judgments and favoring the assessee.
Mumbai ITAT rules against computing deemed rental income on unsold flats held as stock in trade, favoring business income treatment for builders.
Mumbai ITAT delivers consolidated order on Haware Construction, addressing validity of re-opening, disallowing partial bogus purchases, and ruling on unsold flats and Section 14A expenses.
ITAT Bangalore allows Section 54F capital gains exemption for an assessee, validating oral Hiba (gift) under Mohammedan Law and overturning previous denials.
Mumbai ITAT rules joint ownership of residential property does not bar Section 54F capital gains exemption, favoring assessee in conflicting High Court views.
ITAT Ahmedabad dismisses Revenue appeals, classifying share trading income as short-term capital gains and allowing Section 54F exemption for property investment.
Election Commission implements mobile deposit, 100% webcasting, and upgraded VTR sharing in five Assembly bye-polls, enhancing polling transparency and efficiency.
Explore the growth in direct and advance tax collections for FY 2025-26 as of June 19, 2025, highlighting corporate and non-corporate contributions.
Finance Minister releases 5th National Time Release Study. ART declines at ports; TRS expands to new locations with advanced methodologies.
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