Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Ahmedabad rules that no deemed rent can be added on vacant flats if landlords made genuine efforts to rent them under Section 23(1)(c).
ITAT rules that leasing educational infrastructure with allied services is taxable as business income, not house property, under the Income Tax Act.
ITAT remands Section 69A addition after AO failed to verify donors’ creditworthiness. Tribunal stresses fair inquiry before taxing unexplained money.
ITAT Bengaluru rules meals, transport & courier expenses are not deductible under Section 48 while computing capital gains on NRI property sales.
ITAT Amritsar rules that entire cash deposits cannot be taxed as unexplained income. Tribunal applies 8% presumptive tax rate in accommodation entry cases, granting major relief u…