No Cross-Examination, No Statement, Yet Rs. 50 Lakh Income Tax Addition Upheld: ITAT Slams NFAC CIT(A) for Flouting Binding Directions
Pranav B Prem
Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI: ITAT
Pranav B Prem In a...
Mumbai ITAT: Losses of One Eligible Unit Need Not Be Set Off Against Profits of Another Under Section 80-IB
The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that for the purpose of claiming deductions under Section 80-IB of the Income Tax Act, 1961, an industrial undertaking is not required...
Mumbai ITAT: Genuine Short-Term Capital Loss Can Be Set Off Against Long-Term Capital Gain
In a notable ruling, the Mumbai Income Tax Appellate Tribunal (ITAT) has clarified that short-term capital losses arising from the sale of shares can be set...
