The ITAT Delhi has remanded a case on long-term capital gains, ruling that an Assessing Officer cannot unilaterally reject a registered valuer's report without a mandatory reference to the ...

ITAT Chennai strikes down a penalty under Section 271D, ruling that a fabricated, unregistered sale agreement and the lack of proof of cash receipt failed to substantiate the tax department's ...

ITAT Delhi deletes an unexplained investment addition, ruling that the assessee provided sufficient documentary evidence to prove the source of funds for a property ...

ITAT Delhi upholds CIT(A) order, ruling reassessment invalid for want of sanction from proper authority and being time-barred under Rajiv Bansal SC ...

ITAT Delhi deleted a Rs. 1.40 crore capital gains tax on a property transfer between spouses, ruling that no consideration was ...

ITR-7 for AY 2025-26 has significant changes. Learn about the new reporting rules for trusts and non-profits, including donor disclosures and capital ...

The Delhi ITAT has ruled that a penalty cannot be imposed when income is based on estimation. It deleted penalties on a taxpayer where cash deposits were assessed as estimated business profits, not ...

ITAT Delhi deletes disallowance of ₹23.71 lakh, ruling that foreign exchange loss on business advances is an allowable business expenditure for Sitac Re Pvt.

In a significant ruling, Delhi ITAT has remanded back the case of holding that CIT (A) had failed to pass a reasoned & speaking order while confirming massive additions running into more than Rs 82 ...

Tribunal rules reassessment notice by Jurisdictional AO after 29.03.2022 invalid under Faceless Scheme; all proceedings ...

The ITAT Delhi has deleted a ₹8.79 lakh addition, ruling that cash deposits in a joint bank account were properly explained as the wife's ...

SEBI announces appointments of Amit Pradhan, Avneesh Pandey, and Sanjay C. Purao as Executive Directors overseeing legal, technology, and investigation ...