![ITAT quashes Ex-Parte Order in Real Estate Cash Deposit Case Directing Fresh Hearing on Income Tax Additions [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093738-cash-deposits-cash-deposits-treated-cash-deposits-treated-as-unexplained.webp "ITAT quashes Ex-Parte Order in Real Estate Cash Deposit Case Directing Fresh Hearing on Income Tax Additions [Read Order]")
ITAT quashes Ex-Parte Order in Real Estate Cash Deposit Case Directing Fresh Hearing on Income Tax Additions [Read Order]
The bench of the Income Tax Appellate Tribunal, Ahmedabad, has set aside an ex-parte order of the Commissioner of Income Tax (Appeals), National...
![ITAT Scraps Rs. 14.2 Crore On-Money Tax Demand: No Evidence Found Against Real Estate Firm [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/250x150_2072965-itat-on-money-tax-demand-real-estate-firm-taxscan.webp "ITAT Scraps Rs. 14.2 Crore On-Money Tax Demand: No Evidence Found Against Real Estate Firm [Read Order]")
![Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062430-real-estate-firm-itat-tax-appeal-taxscan.webp "Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]")
IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India ( IBBI ) has introduced amendments to the Insolvency and Bankruptcy Board of India ( Insolvency Resolution Process for Corporate Persons ) Regulations,...
![IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/02/IBBI-Insolvency-and-Bankruptcy-Board-of-India-IBBI-New-Regulations-Real-Estate-IRP-RP-Bank-Account-Mandate-Taxscan.jpg "IRP/RP Mandates to Operate Separate Bank Accounts for Real Estate Projects: IBBI notifies new Regulations [Read Notification]")
Income Tax Department Conducts Search and Seizure Operation in 40 premises of J&K based Business Group; Seizes Rs. 1.70 Crores of Unaccounted Cash
In a significant operation conducted on October 9, 2023, the Income Tax Department undertook a thorough search and seizure action in Jammu & Kashmir, focusing on a prominent business...
Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the mere transfer of real estate and construction business is not a case of succession of the firm by a company...
![Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Mere-Transfer-Real-Estate-Construction-Business-Sale-Consideration-Capital-Gains-ITAT-taxscan.jpg "Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]")
Land not a Capital Asset but a “Work-in-Progress” for Real Estate Company, Expenses to be treated as Revenue Expenditure: ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that Land is not a Capital Asset but a 'Work-in-Progress' for a Real Estate Company. It was also observed that the Expenses incurred...
