April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has set aside additions aggregating to ₹60.60 lakh made under Section 69A of the Income-tax Act, 1961, holding that the Assessing Officer (AO) acted on incorrect appreciation of 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…
December 25, 2025 : The Hyderabad Bench of the Income Tax Appellate Tribunal has ruled that exemption under Section 54 of the Income-tax Act, 1961 cannot be denied merely because the assessee failed to deposit unutilised capital gains in the Read more…