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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…
ITAT Mumbai has ruled that stock write-down disallowance under Section 37(1) is unjustified without verifying evidence. The tribunal set aside the CIT(A) order in Ador Welding Lim…
The ITAT has ruled that individual flat owners cannot claim the status of a registered housing society for tax benefits. Income from development rights in redevelopment projects w…
The ITAT Chandigarh Bench ruled that capital gains must be computed only on the actual sale consideration received by the assessee, quashing PCIT’s Section 263 revision orders. Th…