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Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL in Landmark Tax Ruling
Mumbai ITAT's landmark ruling grants MSEDCL ₹96.23 crore tax relief, clarifying prior period expense deductibility for businesses.
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Mumbai ITAT Rules Commercial Income on MSRTC Land Classified as Business Revenue
Mumbai ITAT clarifies that commercial income from MSRTC land leases is business revenue, not house property income, impacting tax classification.
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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.
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ITAT Ruling Restricts Tax Additions Based on Unsubstantiated Seized Documents
ITAT rules against tax additions from unsubstantiated seized documents, emphasizing the need for actual income proof over notional calculations.
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Pune ITAT Rules Section 43CA Provisions Are Non-Retroactive for Pre-2013 Agreements
Pune ITAT rules Section 43CA is not retroactive, offering crucial clarity for pre-2013 property agreements and taxpayer relief.
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Pune ITAT Ruling Tightens Scrutiny on Real Estate Customer Advances
Pune ITAT ruling clarifies Section 68 applies to real estate customer advances, increasing scrutiny on unexplained credits for developers.
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Pune ITAT Ruling Protects Scrap Dealers from Unexplained Cash Deposit Penalties
Pune ITAT ruling shields scrap dealers from unexplained cash deposit penalties when business turnover is consistently accepted by tax authorities.
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ITAT Ruling Challenges Tax Authorities on Bogus Purchase Additions and Labor Charges
ITAT's landmark ruling compels tax authorities to re-verify bogus purchase additions and clarifies labor charge disallowances, impacting corporate audits.
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ITAT Ruling Reinforces Evidentiary Standards for Penny Stock Tax Exemptions
Discover how a recent ITAT ruling emphasizes the importance of strong documentary evidence for claiming tax exemptions on long-term capital gains from stock...
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ITAT Upholds ₹37.20 Lakh Addition Over Unaccounted Excess Stock
Tribunal Ruling on Unaccounted AssetsThe Income Tax Appellate Tribunal (ITAT) recently upheld a tax addition of ₹37.20 lakh against an assessee, ruling that excess stock discovered during an official survey…