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

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 ...

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 ...

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 ...

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

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

The Mumbai ITAT ruled that an NRI from Singapore is not liable to pay tax in India on ₹1.35 crore short-term capital gains ...

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

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