Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT rules that delay in property registration cannot deny Section 54 exemption if capital gains are reinvested on time. Major relief for homebuyers.
ITAT Mumbai holds that inflated jewellery tag prices are a marketing strategy, not proof of tax evasion. Tribunal deletes additions in Begani Jewels vs ACIT, clarifying that only …
ITAT Mumbai deletes ₹64.81 crore roaming charges disallowance in Vodafone West case, ruling that non-deduction of TDS does not attract Sections 40(a)(ia) or 40(a)(i).
The ITAT Mumbai rules that excess repayment made by a Karta to an HUF is a capital receipt and not taxable income. Landmark ruling protects HUFs from arbitrary income tax notices.
ITAT Mumbai rules that once purchases are held bogus, the entire amount must be added under Section 69C. In ACIT vs Romil Diam, the Tribunal rejected 8% profit estimation, strengt…