Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 11 articles.
ITAT Delhi restricts ad-hoc profit addition in milk trading case to 5%, ruling that arbitrary 20% estimates under Section 69A lack evidence.
ITAT rules that temporary family deposits in a student’s bank account for overseas education financial proof cannot be treated as taxable income.
Section 54F of the Income Tax Act allows investors to save long-term capital gains tax by reinvesting equity gains into a residential house. Rules, timelines, loans, and court cla…
ITAT Ahmedabad grants relief to NRI in ₹66.95 lakh property case, holding TDS payment valid despite no ITR filing and restoring matter for fresh adjudication.
Courts and CBDT clarify that share valuation must strictly follow Rule 11UA. Isolated or negotiated transactions cannot override statutory FMV methods under income tax law.