The Income Tax Department has withdrawn 5,978 appeals and decided not to file another 17,489 after higher monetary limits were introduced for departmental tax appeals. The figures, disclosed by Finance Minister Nirmala…
The Income Tax Appellate Tribunal, Ahmedabad, has cancelled a Rs 2.31 lakh penalty imposed on Niket Maheshbhai Shah over a Rs 3.71 lakh deduction claimed for a political donation under Section 80GGC.…
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that a higher stamp-duty valuation of a property, by itself, cannot prove that a buyer made an undisclosed investment. The order came in…
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld a Rs 1.86 lakh penalty under the Black Money Act against taxpayer Ashok Shankar for failing to disclose a UAE…
Livemint reports that the Bengaluru Income Tax Appellate Tribunal (ITAT) held that Rs 2.33 crore received by a Flipkart executive for repurchasing vested but unexercised employee stock options (ESOPs) should be taxed…
The Income Tax Appellate Tribunal (ITAT) has partly allowed six appeals by BBC Global News Limited, reducing the profit attributable to its Indian operations from 15% to 12% of advertising revenue, Bar…
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a property seller who faced a tax demand of nearly Rs 99 lakh under Section 50C. Mr…
ITAT Chennai has allowed a corporate taxpayer a Rs 79.25 lakh gratuity deduction that was denied because the claim was classified under the wrong section in its income tax return. The company…
The Bengaluru Income Tax Appellate Tribunal has ruled that gains from the repurchase of vested, unexercised employee stock options are taxable as long-term capital gains, not salary perquisites. The case involved Flipkart…
A retired teacher from Mysore, Marathikyathanahalli, has won his tax appeal before the Income Tax Appellate Tribunal (ITAT) Bangalore. The tribunal quashed the reassessment proceedings for assessment year 2015-16 because the income…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.