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

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

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

In a significant ruling, the Mumbai bench of the income tax appellate tribunal (ITAT) has dismissed the income tax (I-T) ...

In response to the show-cause notice dated March 24, 2014, the assessee issued a prompt reply on March 28, 2014 disclosing voluminous documents and claiming such documents to be the evidence of the ...

A recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new ...

Homeowner wins against the income tax dept after a 9 years fight about imposition of Rs 1.42 crore short term capital gains ...

If you're a tax resident of a foreign country that doesn't tax capital gains and has a residual clause under ‘capital gains’ ...

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 ...

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

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

Shah emphasised on the need for immediate amendments to the law to ensure that tax is paid in the host country.