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Ahmedabad ITAT Rejects Borrowed Satisfaction Challenge but Deletes Bogus LTCG Addition
Ahmedabad ITAT upheld a Section 147 reopening but deleted a Rs 15.93 lakh bogus LTCG addition due to a lack of transaction-specific evidence.
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ITAT Pune Confirms Long Term Capital Gains on Urban Land in Landmark Ruling
Discover the latest ITAT Pune ruling regarding long term capital gains on urban land and the deletion of interest disallowance for the assessment year.
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Jodhpur ITAT Rules Penny Stock LTCG Cannot Be Invalidated Without Direct Evidence
In a notable legal development, the Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) has ruled that long-term capital gains (LTCG) from penny stocks cannot be dismissed as bogus…