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ITAT rules jeweller’s cash sales on demonetisation day as genuine, deleting Section 68 addition. Major clarity for businesses facing scrutiny over cash deposits.
ITAT Delhi has struck down a ₹52 crore tax addition in a major unlisted start-up shares case, ruling that CA-certified valuation is valid. The judgment strengthens investor rights…
Delhi ITAT rules that LTCG exemption under Section 10(38) applies strictly to equity shares and equity-oriented mutual funds. Derivatives, unlisted shares, bonds and debentures ar…
The ITAT Jaipur restores ₹13 lakh leave encashment exemption for a retired SBI employee, applying the ₹25 lakh CBDT limit retrospectively. This landmark ruling benefits thousands …
In a major relief, ITAT Jaipur held that a middleman in a property deal cannot be taxed on forfeited advances under Section 56(2)(ix) of the Income Tax Act. The Tribunal clarified…