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Tag: ITAT ruling

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Retired PSU bank employee claimed Rs 9.29 lakh leave encashment as tax-free, but taxman restricted exemption to Rs 3 lakh; ITAT applies Rs 25 lakh limit retrospectively, cancels Rs 6.29 lakh addition

October 21, 2026
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On September 22, 2026, the ITAT Jaipur ruled in the retired bank employee’s favour. (Image for…

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Woman claims Rs 14.70 lakh Section 54F tax exemption for flat; taxman denies saying she has many properties, but ITAT gives relief as one was company-owned and another jointly owned with husband

October 21, 2026
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The assessment proceedings referred to three properties in Nagpur. (Image for representative purpose only) You own…

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Taxpayer declared Rs 1.79 lakh in ITR, faced Rs 11.22 crore income addition on large cash deposits, unsecured loans; ITAT grants him chance to substantiate case with condition he plant 500 trees

September 22, 2026
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The taxpayer has now received what could be described as a rare opportunity to substantiate his…

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Headturners: Manvanth, Sutar, Saharan come up with spell-binding performances in 2026-27 Ranji Trophy Round 2

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