The individual said he reimbursed his wife after returning to India. (Image for representative purpose only)…
Tag: Income Tax Appellate Tribunal
He put Rs 2.61 crore in online rummy and poker but lost Rs 28 lakh; taxman sought tax on Rs 2.33 crore, why ITAT Bangalore rejected demand
The Income Tax Department had focused on the gross winnings figure without taking into account the…
Bengaluru man had Rs 41.69 lakh unexplained cash deposits, filed no ITR, claimed income below Rs 5 lakh and said his wife and father paid his expenses; why ITAT still refused relief
The officer treated Rs 41.69 lakh as unexplained cash deposits under Section 69A. (Image for representative…
Wife buys husband’s Rs 7.5 crore Mumbai property, ITAT allows tax benefit
The tax tribunal held that the Income-tax (I-T) department could not deny the exemption merely based…