![ITAT Allows Rs. 1.3 Crore LTCG Exemption to Husband-Wife Despite Sale of 2 Properties [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Mumbai-LTCG-Exemption-ITAT-allows-LTCG-exemption-TAXSCAN.jpg "ITAT Allows Rs. 1.3 Crore LTCG Exemption to Husband-Wife Despite Sale of 2 Properties [Read Order]")
ITAT Allows Rs. 1.3 Crore LTCG Exemption to Husband-Wife Despite Sale of 2 Properties [Read Order]
In a recent case, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the Long-Term Capital Gain (LTCG) tax exemption of Rs. 1.3...
![CA Misses 143(1) Intimation due to Engagement in Foreign Tax Filings: ITAT Condones 38-Day Delay in Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CA-Intimation-Engagement-Foreign-Tax-Filings-ITAT-Condones-Delay-Income-Tax-Appeal-taxscan.jpg "CA Misses 143(1) Intimation due to Engagement in Foreign Tax Filings: ITAT Condones 38-Day Delay in Income Tax Appeal [Read Order]")
![CESTAT Upholds Service Tax Demand of Rs. 3.44 Crore on Promotional Marketing Activities [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CESTAT-CESTAT-Delhi-Service-Tax-Demand-TAXSCAN.jpg "CESTAT Upholds Service Tax Demand of Rs. 3.44 Crore on Promotional Marketing Activities [Read Order]")
![S.153C Orders issued Based on Third-Party Search Materials: Madras HC directs Assessee to Approach Appellate Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Third-Party-Search-Materials-Section-153C-Orders-Madras-HC-taxscan.jpg "S.153C Orders issued Based on Third-Party Search Materials: Madras HC directs Assessee to Approach Appellate Authority [Read Order]")
![Relief to Toyota Boshoku: ITAT Rules Royalty Payments to Parent Company Justified, Rejects Dept’s NIL Valuation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Bangalore-Relief-to-Toyota-Boshoku-TAXSCAN.jpg "Relief to Toyota Boshoku: ITAT Rules Royalty Payments to Parent Company Justified, Rejects Dept’s NIL Valuation Claim [Read Order]")
Reopening u/s 147 Must Be Based on Specific and Clear Grounds, Not Borrowed Satisfaction: ITAT Quashes ₹68L Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the reason for reopening under section 147 of the Income Tax Act, 1961, should be on definite and specific grounds. It...
![Reopening u/s 147 Must Be Based on Specific and Clear Grounds, Not Borrowed Satisfaction: ITAT Quashes ₹68L Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Kolkata-Reopening-under-section-147-TAXSCAN.jpg "Reopening u/s 147 Must Be Based on Specific and Clear Grounds, Not Borrowed Satisfaction: ITAT Quashes ₹68L Addition [Read Order]")
Delhi HC Highlights “Overflowing Dockets” due to Shortage of Judges, Calls for Comprehensive reform in judicial staffing [Read Order]
The Delhi High Court highlighted the “overflowing dockets” due to a shortage of judges and comprehensive reform in judicial staffing as the court admitted that it is “unable to decide” appeals within...
![Delhi HC Highlights “Overflowing Dockets” due to Shortage of Judges, Calls for Comprehensive reform in judicial staffing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delhi-HC-Highlights-Overflowing-Dockets-Shortage-of-Judges-Calls-for-Comprehensive-reform-judicial-staffing-Taxscan.jpg "Delhi HC Highlights “Overflowing Dockets” due to Shortage of Judges, Calls for Comprehensive reform in judicial staffing [Read Order]")
![Charge of Clandestine Removal Must be Proved with Corroborative Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Charge-Clandestine-Removal-Proved-Corroborative-Evidence-CESTAT-TAXSCAN.webp "Charge of Clandestine Removal Must be Proved with Corroborative Evidence: CESTAT [Read Order]")
![RBI Notifies Major Relaxations for FPIs in Corporate Debt Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/RBI-Notifies-Major-Relaxations-FPIs-Corporate-Debt-Securities-Taxscan.jpg "RBI Notifies Major Relaxations for FPIs in Corporate Debt Securities [Read Order]")
No Allegation of Suppression or Fraud in GST S. 74 SCN: Madras HC directs to Treat S.74 Notice as S. 73 notice Enabling to Avail Amnesty Scheme [Read Order]
The Madras High Court held that where no specific allegation of suppression, wilful misstatement, or fraud is made in a show cause notice issued under Section 74 of the GST ( Goods and Services Tax )...
![No Allegation of Suppression or Fraud in GST S. 74 SCN: Madras HC directs to Treat S.74 Notice as S. 73 notice Enabling to Avail Amnesty Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Madras-High-Court-SCN-show-cause-notice-TAXSCAN.jpg "No Allegation of Suppression or Fraud in GST S. 74 SCN: Madras HC directs to Treat S.74 Notice as S. 73 notice Enabling to Avail Amnesty Scheme [Read Order]")
Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that share capital received from previous Assessment Years could not be treated as unexplained cash credit under Section 68 of the...
![Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Share-Capital-Unexplained-Cash-Credit-Unexplained-Cash-taxscan.jpg "Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]")