ITAT Remands Capital Gains Dispute to AO: Faults Revenue on Legal Oversight, Upholds Principles of Justice [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter of capital gains taxation involving agriculturist Harwant...
![Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/250x150_2071020-orissa-high-court-double-taxation-income-taxscan.webp "Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]")
No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment: Allahabad HC Quashes Income Tax Notice [Read Order]
In a recent judgment, the Allahabad High Court (Lucknow Bench) quashed a search and notice, holding that prior to the amendment of Section 55(2)(ac) in September 2024, there was no legal mechanism...
![No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment: Allahabad HC Quashes Income Tax Notice [Read Order]](https://images.taxscan.in/h-upload/2025/06/24/500x300_2053672-allahabad-hc-quashes-income-tax-notice-capital-gains-taxscan.webp "No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment: Allahabad HC Quashes Income Tax Notice [Read Order]")
Income Tax Dept releases Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for AY 2025-26
The Income Tax Department has unveiled its much-anticipated Common Offline Utility for filing Income-tax Returns ITR-1 and ITR-4 for the Assessment Year 2025-26. Released on June 11, 2025, the...
Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court recently dismissed the income-tax department’s appeal, affirming an ITAT order that granted the taxpayer a ₹90-crore exemption under Section 54F of the Income-tax Act. A bench of...
![Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Different-Floors-Single-Building-Counted-as-Separate-Residential-House-Income-Tax-Act-Delhi-HC-taxscan.jpg "Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]")
Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued the revised Income Tax Return Form 6 ( ITR-6 ) for AY 2025-26 by Notification No. 44/2025 dated 06.05.2025. The new form has incorporated the...
![Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Returns-ITR-Form-6-Know-Complete-Changes-Here-taxscan.jpg "Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]")
