Chennai ITAT rules that costs for interior work and utility connections for a new home can be included in the LTCG exemption under Section 54 of the IT Act.
Delhi ITAT quashed a ₹20 crore tax addition against Karan Motors, ruling the assessment void as the AO lacked a valid jurisdictional order.
The ITAT Delhi quashed the reopening of an assessment for Rudra Buildwell Homes Pvt. Ltd., citing a lack of proper sanction. It also deleted a Rs. 20.25 crore addition, noting it constituted a double taxation.
The ITAT Delhi has ruled that an entire amount of accommodation entries cannot be taxed. It reduced the commission rate to 0.4% in the case of a taxpayer.
ITAT Mumbai rules that 100% disallowance of alleged bogus purchases is unsustainable. The court directs taxing only the profit element after adjustments.
ITAT Pune voids a CIT(A) order issued in the name of a deceased taxpayer and without sharing a crucial remand report, restoring the case for a fresh hearing.
ITAT Pune deletes an LTCG addition and penalty, ruling that a woman who signed as a ‘consenting party’ to her husband’s property sale cannot be taxed on the transaction.
Discover why Rajkot’s ITAT granted 80G approval to Kabir Kirti Mandir Kashi, ruling that a trust’s religious objects don’t override its charitable purpose.
The ITAT Delhi deleted a Rs. 3.36 crore addition for bogus sundry creditors, ruling that the addition was invalid as the assessee’s purchases and sales were not disputed.
The ITAT Delhi allows a taxpayer to claim a Section 80C deduction even though it was initially omitted from their tax return, citing a lack of a bar in the law for that year.
