‘Shift to UAE for 183 Days’: Kotak MD Warns of Tax Loophole Following ITAT Ruling on NRI Mutual Fund Capital Gains
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gains from mutual fund investments made by...
![Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Assessment-Documents.jpg "Assessment Issued in Name of Deceased Invalid: ITAT Remands Rs. 18.47 Cr addition for fresh adjudication [Read Order]")
![ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-revisional-jurisdiction-under-section-263-TAXSCAN.jpg "ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]")
![Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Demonetization-.jpg "Cash Deposits During Demonetization from Amul Parlour Sales: ITAT Accepts Source, Deletes Rs. 27.37 Lakh Addition [Read Order]")
Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the higher tax rate introduced under Section 115BBE could not be applied retrospectively in the case involving cash deposit...
![Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cash-Deposits-Cash-Deposits-during-demonetization-demonetization-ITAT-taxscan.jpg "Cash Deposits during Demonetization: ITAT directs Normal 30 % Tax Rate citing S. 115BBE not Retrospective [Read Order]")
Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]
In a landmark ruling, the Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has held that in view of Article 13 of DTAA between India and Singapore, the Capital Gains arising on mutual fund...
![Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Capital-Gains-Mutual-Fund-Investments-Capital-Gains-arising-on-Mutual-Fund-Investments-Non-Residents-not-Taxable-in-India-taxscan.jpg "Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]")
Income Tax, GST Depts Join Forces: Reopening Old I-T Assessments Over GST Invoice Mismatches and Fake ITC Claims
The Income Tax Department has started looking into old tax assessment cases again to catch people and companies who tried to evade taxes by showing fake or inflated business expenses. This is...
Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]
The Patna High Court reassessment notice issued under Section 148A(b) of the Income Tax Act,1961 was valid, as the initial notice dated 28.03.2024 fell within the three-year limitation period under...
![Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-notice.jpg "Patna HC Holds Income Tax Reassessment Notice Valid as Initial Notice Falls Within Limitation Period [Read Order]")
ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which allowed depreciation as an alternative claim on finance lease...
![ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Depreciation-ITAT-Lease-Rent-TAXSCAN.jpg "ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]")
![ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Wrong-Email-Service.jpg "ITAT quashes CIT(A)’s Ex Parte Penalty Orders Due to Wrong Email Service [Read Order]")
![Delhi HC Quashes Notice u/s 148 of Income Tax Act for Improper Service on Foreign Entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/notice-Delhi-HC-Income-Tax-Act-TAXSCAN.jpg "Delhi HC Quashes Notice u/s 148 of Income Tax Act for Improper Service on Foreign Entity [Read Order]")