In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under ...

The judgment is likely to benefit prospective homeowners who are planning to exchange their old homes for upgraded ...

The Kerala High Court recently addressed important procedural questions regarding appeals following remand orders in the case of Malabar Institute of Medical Sciences Ltd. v. DCIT. The Court ...

The income tax dept imposed Rs 1.42 crore short term capital gains (STCG) on house that was sold in FY 2009-10. This flat was ...

As per a recent ruling by the Mumbai Income Tax Appellate Tribunal (ITAT), it was determined that transactions of this nature ...

During the ITAT proceedings, the counsel for the assessee contended that the CIT (A) had rejected a final adjournment request and subsequently dismissed the appeal without a proper adjudication on the ...

The ITAT ruling will affect NRIs investing in Indian mutual fund schemes, as capital gains earned will not be taxed in India ...

In a recent ruling, the Chhattisgarh High Court held that penalty under Section 271(1)(c) of Income Tax Act not applicable if ...

Income Tax Appellate Tribunal says transfer is 'extinguishment' of rights, not asset replacement or income gain ...

Mumbai: In a significant relief to a Non-Resident Indian (NRI) investor, the Mumbai bench of the Income Tax Appellate ...

ISLAMABAD: In a major development in tax litigation, the Appellate Tribunal Inland Revenue (ATIR), Islamabad has ordered the ...