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A recent Income Tax Appellate Tribunal (ITAT) ruling has accentuated the importance of following the limitation provisions before reopening an old tax assessment.

Man with Rs 41.45 lakh in bank deposits faces Income Tax action; here’s what ITAT said

The Dharamvir Singh ruling demonstrates the importance of this safeguard. Although the section 148A(d) order referred to alleged cash deposits…

September 7, 2026 18:26 IST

Woman faces Rs 50 lakh tax after buying a Rs 20 lakh property: Here’s what ITAT says

The Hyderabad ITAT has quashed a Rs 50 lakh tax assessment against a US-based woman after finding that the Section…

September 4, 2026 17:40 IST

The Tribunal also took note of earlier decisions of coordinate benches involving the same stock, Sunrise Asian Ltd, where similar additions had been deleted.

8,000 shares and Rs 85 lakh LTCG: How did one investor prove her share gains were genuine?

The Tribunal in this decision specifically observed that several earlier decisions involving the same scrip had already deleted similar additions.

August 31, 2026 20:43 IST

Realizing foreign asset rules can be tricky, Mudit reached out to ClearTax for help. ClearTax assigned tax expert CA Samadhan to take over the case.

No ESOP shares sold, tax already deducted: Why could you still face an I-T notice?

To meet the income tax portal’s system formatting requirements, the expert created an offline JSON file for ITR-2, checked all…

August 28, 2026 17:34 IST

The Tribunal therefore restored the matter to the Assessing Officer, subject to the taxpayer fulfilling the plantation condition within one month from the date of its order.

Man shows Rs 1.79 lakh income in ITR, faces Rs 11.22 crore tax additions; ITAT says this

In Ranbir Singh, the ITAT expressly stated that if the taxpayer failed to plant 500 trees or pay the requisite…

August 27, 2026 19:27 IST

Undisclosed foreign assets: ITAT rejects ₹23.9-crore tax demand after identity theft evidence.

Rs 24 crore in Singapore bank accounts, but taxpayer says ‘not mine’; ITAT says this

The Delhi ITAT has rejected a Rs 23.91-crore tax demand under the Black Money Act after finding that the taxpayer…

August 26, 2026 19:30 IST

The taxpayer had declared a total income of Rs. 4,99,250, comprising income from business or profession, income from other sources, short-term capital gains of Rs. 3,61,100 and long-term capital gains of Rs. 44,082.

IT Department denied 87A rebate on short-term gains; ITAT rules in taxpayer’s favour

The ruling is particularly relevant to taxpayers whose rebate was denied by the Centralised Processing Centre while processing their return…

August 25, 2026 18:28 IST

Taxpayer died, brother won identical land case: Why ITAT still rejected 2,544-day delayed appeal

Same property, same tax dispute: Why one brother won while the other’s appeal was dismissed by ITAT

A taxpayer may have a strong case on merits, but missing the appeal deadline can still prove costly. In a…

August 21, 2026 15:58 IST

Rs 2.33 crore cash withdrawn from bank and deposited months later? Income Tax Dept questioned why it was kept idle

Rs 2.33 crore cash withdrawn from bank and deposited months later? Income Tax questions why it is kept idle

Withdrawing a large amount of cash and depositing it again months later can invite questions from the Income Tax Department.…

August 19, 2026 18:31 IST

Man earns Rs 30 lakh salary, doesn’t file ITR; Income Tax Dept slaps Rs 3.74 lakh penalty — what ITAT said

A salaried taxpayer did not file his ITR despite earning over Rs 30 lakh and later faced a Rs 3.74…

August 17, 2026 20:19 IST

Income-tax appeals: Govt withdraws nearly 6,000 cases after raising monetary limits; over 17,000 more not filed

Income tax disputes: Appeals below Rs 60 lakh, Rs 2 crore and Rs 5 crore face new rules; over 17,000 cases dropped

The government has raised the tax-effect limits for filing income-tax appeals, leading to thousands of appeals being withdrawn or not…

August 13, 2026 18:02 IST

ESOP buyback payouts cannot be taxed as salary if options were never exercised, rules ITAT

Salary or capital gains? ITAT clarifies tax treatment of ESOP buyback payouts in Flipkart employee’s case

The Bengaluru ITAT has ruled that money received from the buyback of vested but unexercised ESOPs cannot be taxed as…

August 6, 2026 14:24 IST

Filing after the due date applicable to one’s category can result in interest, late filing fees, restrictions on carrying forward certain losses and delays in processing refunds.

ITR due dates 2026: July 31, August 31, October 31 or November 30? Know your filing deadline

A taxpayer may file an updated return of income within 48 months after the end of the relevant assessment year,…

July 31, 2026 18:58 IST

ITR filing deadline Today July 31, 2026 LIVE Updates

Income tax return deadline 2026 Highlights: ITR filing due date is 31st August now for these taxpayers; check latest updates

ITR Income Tax Return Deadline Today Highlights: July 31 was the last date to file Income Tax Return (ITR) for…

Updated: August 1, 2026 17:03 IST

ITR Filing Deadline July 31, 2026 LIVE Updates

ITR Deadline Extension Highlights: July 31 is not the last date for every taxpayer; check latest updates on return filing and refund status

The July 31 ITR filing deadline is fast approaching, but millions of taxpayers are yet to file their returns. Stay…

Updated: July 31, 2026 09:00 IST

Taxpayers who file on the last day often rush through the return, and that is exactly when mistakes happen.

ITR filing deadline: Why are last-day filers more likely to get defective return notices?

A defective return notice doesn’t necessarily mean you’ve evaded taxes; it simply indicates that your return contains missing information, inconsistencies,…

July 27, 2026 14:04 IST

Rajesh held an active German bank account containing €4,701.34 as of December 31, 2024.

From 4,701 euros in overseas savings to a tax notice: How one NRI saved himself from 30% double taxation?

The tax notice centered around three main reporting requirements triggered by Rajesh’s overseas move to Germany.

July 23, 2026 20:13 IST

Reimbursements are generally tax-free where they represent repayment of expenses incurred wholly and exclusively for official duties,

Work-from-home reimbursements: Which payments remain tax-free and which don’t?

As remote and hybrid work arrangements become increasingly common, many employers may provide financial support to employees through Work from…

July 23, 2026 17:43 IST

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