Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 14 articles.
ITAT Mumbai ruled that capital gains from SAL and MHSL shares cannot be labelled bogus without evidence, striking down ₹2.41 crore addition under Section 68 and ₹9.66 lakh under S…
ITAT Bangalore has ruled that sales commission paid to directors’ relatives is fully allowable when genuine services are proven, deleting a ₹35.38 lakh disallowance. The judgment …
ITAT rules that salary arrears of a deceased employee cannot be taxed as a legal heir’s personal income. Tribunal enforces Section 159 of the Income Tax Act, safeguarding families…
ITAT Delhi rules that capital gains exemption under Section 54 applies to foreign residential property purchased before AY 2015-16 and deletes ₹40 lakh unexplained cash credit. A …
Delhi ITAT rules that a farmhouse qualifies as a residential house for Section 54F capital gains exemption. Tribunal’s decision in ACIT vs Rajat Bhandari provides major relief for…