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Five Bangalore landowners faced tax on rental income from an IT park built through a partnership firm; IT department alleged it was a tax-avoidance structure, ITAT gives relief

October 12, 2026
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In 1999, five landowners decided to develop their property into an IT park and SEZ zone.…

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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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