Social Media Ideas for District Valuation Officer Income Tax

Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT

Section 50C Addition Cannot Survive When AO Fails to Refer Valuation Dispute to DVO: ITAT   Assessee disputed stamp duty value and specifically requested DVO reference, but AO proc...

DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference

DVO Cannot Come First: Books Must Be Rejected Before Valuation Reference     Madras High Court Explains the Real Meaning of the Supreme Court’s Sargam Cinema Ruling Tax litigation...

Income Tax awareness programme held at IGC Lassipora

The Income Tax Office, Udhampur, in collaboration with the Industrial Association, organised an Income Tax Awareness Programme at the Industrial Growth Centre, Lassipora, to famili...

Wrong Income Tax Officer? Entire Reassessment Can Be Quashed – Why Your Returned Income Decides Your Jurisdiction

Wrong Income Tax Officer? Entire Reassessment Can Be Quashed – Why Your Returned Income Decides Your Jurisdiction   Keywords: Income Tax jurisdiction, CBDT Circular No. 1/2011, rea...

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

ITAT rules tax officer cannot pin entire stamp-value gap on one co-owner

The Mumbai ITAT stated that one co-owner cannot be held accountable for the total tax discrepancy. The tribunal highlighted that the ownership shares had been explicitly recorded....

Bengaluru ITAT: Fresh Tax Demand Cannot Be Raised Through Computation Sheet After Returned Income Is Accepted

The Income Tax Appellate Tribunal (ITAT), Bengaluru Bench, has held that the Income Tax Department cannot create a fresh tax demand through a computation sheet or Section 156 notic...

Delhi ITAT Deletes Tax Penalty on Salaried Person for Failing to File ITR Even With ₹30 Lakh Income

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed the penalty of Rs. 3,74,072 levied on a salaried employee who had not submitted his original ITR despite earning...

Section 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur

Section 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur   Where agreement to sell was executed before section 43CA came into force and substantial c...

CBDT Grants IT Exemption to District Legal Service Authority, Panchkula U/S 10(46)

The Central Board of Direct Taxes (CBDT), acting on behalf of the Central Government, has issued a new tax relief measure through Notification No. 112/2026, dated August 11, 2026....

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

Rs 30L salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh penalty

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-fi...

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore

TDR Received Against Surrender of Land Is Taxable as Capital Gains: ITAT Bangalore     When land is surrendered in exchange for TDR, the land itself becomes the cost of acquiring t...

New Delhi ITAT: Interest U/S 28 of Land Acquisition Act Not Taxable Separately as Income from Other Sources

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) has stated that the interest given u/s 28 of the Land Acquisition Act, 1894 cannot be taxed separately as “Income fr...

Delhi ITAT Rules AO Can’t Consider Fresh Capital Gains Deduction Claim Made in the ITR

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) lacks jurisdiction to entertain fresh capital gains deduction claims raised sol...

Who will calculate Oman’s income tax — and from whose data?

The Tax Authority set the RO 42,000 exemption threshold after examining income data collected from several government entities. In its announcement of the Personal Income Tax Law o...

Received FD interest this year? Here's how to calculate your tax liability before filing ITR

Interest earned on fixed deposits is fully taxable and must be reported correctly while filing your income tax return, even if the bank has already deducted TDS. Here's a step-by-s...

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income

₹23.33 Crore Addition Deleted: ITAT Says Wrong ITR Column Is Not Undisclosed Income     A clerical mistake in the ITR cannot become taxable income when the amount was already discl...

Declared Australian salary in Indian ITR by mistake? Delhi ITAT says it can't be taxed under DTAA

The Delhi Income Tax Appellate Tribunal (ITAT) has provided relief to a taxpayer who inadvertently declared his Australian salary in his Indian ITR. It held that the income falls o...

Delhi ITAT Holds Entire Bogus Purchase Value Not Addable to Income, Limits Addition to 5% of Turnover

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) stated that if both purchases and corresponding sales are fake, the entire purchase value cannot be added to income with...

DVAC conducts searches, unearths suspicious transactions worth ₹1.18 crore

CBDT grants retrospective income tax exemption to BBNDA under Section 10(46)

The CBDT has granted the Baddi Barotiwala Nalagarh Development Authority (BBNDA) a retrospective income tax exemption under Section 10(46) of the Income-tax Act, 1961. The exemptio...

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE     C&AG Audit Findings Trigger Administrative Push for...

Can third-party documents alone trigger a tax demand? ITAT explains when the Income Tax Department can act

A recent ITAT ruling has clarified that the Income Tax Department cannot raise a tax demand solely on the basis of documents recovered from a third party without independent eviden...