Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Pune held that the AO wrongly compared stamp duty and ready reckoner values, causing an unjustified ₹75.33 lakh addition. The tribunal restored the Section 54F exemption and …
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 …
The Madras High Court ruled that property attachment cannot continue once an ITAT order becomes final and tax dues are fully paid. The judgment protects taxpayer rights and mandat…
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…