Posted inBlog
ITAT Rules Against Penny Stock Tax Additions: Evidence Overcomes Suspicion
ITAT's landmark ruling confirms evidence trumps suspicion in penny stock cases, protecting taxpayers from arbitrary tax additions.
Posted inBlog
Mumbai ITAT Rules Against Blanket Taxation of Sale Consideration in Capital Gains Disputes
Mumbai ITAT clarifies capital gains rules, preventing blanket taxation and upholding taxpayer rights to Fair Market Value for pre-2001 assets.
Posted inBlog
ITAT Jaipur Ruling Clarifies Section 54F Capital Gains Deductions for Residential Construction
Setting a New Precedent for Tax DeductionsThe Income Tax Appellate Tribunal (ITAT) in Jaipur has issued a significant ruling clarifying that taxpayers cannot be denied deductions under Section 54F of…
Posted inBlog
ITAT Ruling Clarifies Section 54F Relief for Property Acquisitions
ITAT's new ruling offers significant relief for taxpayers, clarifying Section 54F property acquisition timelines even with delayed registration.
Posted inBlog
ITAT Bangalore Rules Sale of 25 Plots as Capital Gains, Not Business Income
Discover how ITAT Bangalore classified the sale of 25 plots as capital gains, not business income, based on holding period and intent.