![Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/500x300_2122252-itat-surat-joint-flat-bought-with-wife-joint-property-flat-purchase-itat-deletes-income-tax-addition-cash-payment-for-flat-purchase-joint-flat-with-wife-tax-case-property-purchase-tax-dispute-taxscan.webp "Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]")
Cash Payment for Joint Flat Bought with Wife Explained through Bank Records: ITAT Deletes ₹5.25 Lakh Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (“ITAT”) deleted income tax addition of ₹5.25 Lakh for purchasing a flat with his wife (jointly) after reviewing ...
![No S. 50C Addition When Sale Price Exceeds Stamp Value: ITAT Deletes Addition Caused by Typographical Error in Dept Records [Read Order]](https://images.taxscan.in/h-upload/2026/01/27/250x150_2122061-no-s-50c-addition-when-sale-price-exceeds-stamp-value-itat-deletes-addition-caused-by-typographical-error-in-dept-records-taxscan.webp "No S. 50C Addition When Sale Price Exceeds Stamp Value: ITAT Deletes Addition Caused by Typographical Error in Dept Records [Read Order]")
![Email Change Ignored by Department: Calcutta HC Sets Aside S.148A Reassessment Notice [Read Order]](https://images.taxscan.in/h-upload/2026/01/23/250x150_2121565-email-change-ignored-department-calcutta-hc-sets-aside-s148a-reassessment-notice-taxscan.webp "Email Change Ignored by Department: Calcutta HC Sets Aside S.148A Reassessment Notice [Read Order]")
![Failure to Afford Opportunity to Furnish Documents Violates Natural Justice: Calcutta HC sets aside Order u/s 148A(3) of IT Act Against Co-operative Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/22/250x150_2121427-calcutta-high-court-income-tax-taxscan.webp "Failure to Afford Opportunity to Furnish Documents Violates Natural Justice: Calcutta HC sets aside Order u/s 148A(3) of IT Act Against Co-operative Bank [Read Order]")
AO's Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, remanded the matter back to the Assessing Officer (AO) after observing that the AO had disallowed the claim for the...
![AOs Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]](https://images.taxscan.in/h-upload/2026/01/19/500x300_2120791-aos-erroneous-assumption-of-land-cost-as-part-of-construction-cost-itat-remands-ltcg-matter-for-fresh-consideration-taxscan.webp "AOs Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]")
Legal Heirs Not Replied to Income Tax Notices: Madras HC remits case Subject to Deposit of 20% of Disputed demand Excluding Interest [Read Order]
The Madras High Court remitted an income tax reassessment case back to the Assessing Officer (AO) after noting that the legal heirs of the deceased assessee failed to respond to the show cause...
![Legal Heirs Not Replied to Income Tax Notices: Madras HC remits case Subject to Deposit of 20% of Disputed demand Excluding Interest [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119691-legal-heirs-income-tax-notices-madras-hc-remits-case-subject-deposit-disputed-demand-excluding-interest-taxscan.webp "Legal Heirs Not Replied to Income Tax Notices: Madras HC remits case Subject to Deposit of 20% of Disputed demand Excluding Interest [Read Order]")
General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) ruled that general insurance companies can claim income tax exemption under Section 10(38) on long-term capital gains from sale of equity...
![General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119689-general-insurance-companies-entitled.webp "General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]")
AO Must Give Reasons While Rejecting Immunity Plea u/s 270AA of Income Tax: Calcutta HC Sets Aside Order [Read Order]
In a recent decision, the Calcutta High Court held that an Assessing Officer must clearly explain the reasons while rejecting an application seeking immunity from penalty under Section 270AA of the...
![AO Must Give Reasons While Rejecting Immunity Plea u/s 270AA of Income Tax: Calcutta HC Sets Aside Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/500x300_2119543-calcut2.webp "AO Must Give Reasons While Rejecting Immunity Plea u/s 270AA of Income Tax: Calcutta HC Sets Aside Order [Read Order]")
![AO Cannot make Additions on Issues Unrelated to Recorded Reopening Reasons: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/500x300_2118743-itat-mumbai-reopening-reasons-reopening-of-assessment-income-tax-reassessment-recorded-reasons-itat-reassessment-judgment-recorded-reopening-reasons-taxscan.webp "AO Cannot make Additions on Issues Unrelated to Recorded Reopening Reasons: ITAT [Read Order]")
![STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/500x300_2118761-stt-stcl-set-off-allowed-against-stcg-despite-rate-itat-quashes-denial-taxscan.webp "STT-Paid STCL Set-Off allowed against 30% STCG Despite 15% Rate: ITAT Quashes Denial [Read Order]")
