The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) while quashing the reassessment proceedings held that Hindu Undivided Family ( HUF ) member’s property purchase entitled capital gain exemption under Section 54 of the

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the addition on the whole amount from the sale of shares held that the both the authorities acted in a casual manner and dragged

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from March 26 to march 30, 2024. Depreciation Claim allowable on Vehicle

Tax-Saving Investments to Consider Before the March 31 Deadline As we approach the March 31 deadline for tax-saving investments for Financial Year 2023-24, the urgency to maximize tax savings becomes paramount. If you haven’t utilized

The Income Tax Return ( ITR ) forms for the Financial Year 2023-24 has undergone significant revisions, affecting taxpayers across various categories. These changes require attention and understanding. This article provides a detailed analysis of

This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during March 10th to March 23rd of 2024. SUPREME COURT False Declaration under IDS to

The transfer of shares by Infosys founder Narayana Murthy to his grandson, valued at Rs. 240 crores, garnered great nationwide attention. What made this transfer remarkable was not only the substantial value of the shares.

Income Tax Returns The taxpayer must first ascertain which ITR form they must fill out before filing returns. There are a total of 7 ITR forms available, of which ITR 1 to 4 is applicable

In recent years, the online gaming industry in India has witnessed remarkable growth, projected to reach $5 billion by 2025 with a compound annual growth rate of 28-30%. However, a recent decision by the GST

The Income Tax Appellate Tribunal (ITAT) of Pune  bench while allowing the appeal filed by the assessee held that  territorial jurisdiction of the AO is determined on the basis of place where the assessee resides

This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 09, 2024  to March 15 are analytically summarized in this Round-Up. Relief to Toyota

In a significant decision, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) overturned the findings of the Commissioner of Income Tax (Appeals) [CIT(A)] regarding the eligibility of the assessee to claim deduction under

When it comes to capital gains tax, many people automatically think of property transactions. Investing in property is a significant financial decision, and many couples opt to buy property in one spouse's name. While this

This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 01, 2024  to March 08 are analytically summarized in this Round-Up. Successor Company can

Navigating the landscape of income tax for the first time can be a significant milestone in any individual's life. While the process may initially appear daunting and tedious, breaking down the fundamentals can help demystify