In the case of DCIT Vs Aarya Developers, ITAT Ahmedabad rules on the addition of on-money in the sale of house property, emphasizing the need for proper evidence and expert valuation.
ITAT Delhi deletes addition under section 69A of Income Tax Act in Viren Bakhru vs. ACIT case. Assessee’s explanation of cash deposit during demonetization accepted.
In the case of Shiv Kumar Nayyar vs. DCIT, the Delhi ITAT nullified an addition of cash investment, citing lack of proper application of mind in proceedings.
ITAT Pune overturns CIT (Exemption)’s decision, allowing S.M. Batha Education Trust to retain its registration under Section 12AB, affirming its charitable nature.
Mere charging a nominal amount for smooth functioning of educational institution and trust could not called to be a part of commercial activity, and therefore, CIT(E) was directed to grant registration u/s 12AB to assessee.
Income Tax Appellate Tribunal upholds denial of LTCG exemption on shares of Kappac Pharma Limited. Read the full analysis of this remarkable decision & its implications on taxpayers.
Investigate the Income Tax Appellate Tribunal ruling in ITO vs. Indravadan Jain HUF & its implications for similar cases in the future. Assessing officer’s declarations on SEBI Investigation & LTCG of the assessee addressed.
Taxpayers and professionals alike can learn from Ayushi Jain vs. Income Tax Officer (ITO): LTCG can’t be deemed bogus without substantiated allegations. Understand the intricate details of the ruling from ITAT in Kolkata.
ITAT Jaipurs decision on reassessment and unexplained income in Geeta Devi Sharma vs ITO Ward 6(4) highlights key aspects of income tax law application.
ITAT Jaipur quashes PCIT’s revision under Section 263, upholding the AO’s decisions on sales promotion expenses after detailed inquiries.
