May 20, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Axis Bank by deleting multiple tax additions made by the Income Tax Department for Assessment Years 2020-21 and 2021-22, including disallowances Read more…
April 24, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition of ₹18.63 crore made under Section 69A of the Income Tax Act, holding that amounts directly paid by subsequent Read more…
April 1, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment proceedings cannot be initiated merely on the basis of general investigation reports relating to penny stock transactions, without any material directly linking Read more…
January 7, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that when a taxpayer receives an ownership flat in exchange for surrendering tenancy rights under a redevelopment agreement, the fair market value (FMV) of the Read more…