Income Tax Appellate Tribunal , Delhi Benches, New Delhi issued a Circulation F.No.31/AT/Judicial/Admin/Central/Del/2025-16 dated 13.07.2024 regarding observation of summer vacation in the Benches of the ITAT, Delhi Zone.
The Income Tax Appellate Tribunal (ITAT), Mumbai, on April 17, 2025 held that long term capital gains (LTCG) tax exemption under Section 54 cannot be denied by the income tax department, merely because the property was purchased jointly in the name of a wife and her husband and both of them claimed Section 54 capital gains tax exemption.
In a big relief to homeowners in Mumbai and other cities whose projects are undergoing redevelopment, the state Income Tax Appellate Tribunal (ITAT) has held that the cost of a new flat provided to a homeowner during a redevelopment project ought to be exempted from tax as ‘Income from Other Sources’ under Section 56(2)(x) of the Income Tax Act.
In a major relief for a Non-Resident Indian (NRI) investor, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that short-term capital gains worth ₹1.35 crore from redeeming mutual fund units are not taxable in India, as per the provisions of the India-Singapore tax treaty.
Bollywood actor Shah Rukh Khan has secured a significant legal victory in a long-running tax dispute, as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, dismissing the reassessment proceedings and order initiated by tax authorities for the financial year 2011-12.
The Income Tax Appellate Tribunal (ITAT) has given relief to actor Shah Rukh Khan by quashing a reassessment order issued for allegedly not paying tax in India on remuneration for the film ‘Ra.one’
A Jodhpur bench of Income Tax Appellate Tribunal (ITAT) recently ordered that the gains on cryptocurrencies sold before 2022 will be treated as capital gains and…
The Income Tax Appellate Tribunal (ITAT), Jodhpur, recently clarified the taxation of cryptocurrencies by ruling that profits from crypto sales should be considered as capital gains, rather than income. This decision came as a result of a case involving a former Infosys employee who successfully challenged the Income Tax Department’s classification of Bitcoin as income.
In a breather to Samsung India Electronics Pvt., the Delhi High Court on Monday overturned an order of the Income Tax Appellate Tribunal that had dismissed the electronic manufacturer’s plea to pause proceedings on a Rs. 1,213 crore tax demand.
Applying the tiebreaker test, ITAT, in the case of a person who is a tax resident of both India and the US, has held that income earned in the US was taxable in India.
