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FOUND: Cit - You Need To See This

Our New Federal Circuit Amicus Brief in the Section 122 Tariff Case

The brief explains why the Section 122 tariffs are illegal and run afoul of the major questions and nondelegation doctrines.

Reason

Rs 34 lakh F&O trading loss: Income Tax dept calls it speculative, ITAT Delhi treats Rs 25 lakh as business loss

Taxpayer lost Rs 34 lakh in F&O trading but reports it as business loss; Income Tax dept treats it as speculative loss; ITAT Delhi treats Rs 9 lakh as speculative and the rest as business loss. The ITAT Delhi bench comprised of Sudhir Kumar, Judicial Member and Manish Agarwal, Accountant…

The Economic Times

Bengali Hindu landlord’s Rs 1.89-crore rental income faced tax dispute over HUF status: Why ITAT Delhi gave relief

Bengali Hindulandlord earns Rs 1.89 crore rental income in Delhi, reports it in his HUF’sITR; Income Tax dept rejects it on the ground that Dayabhaga Hindu can’t have an HUF, landlord wins case in ITAT Delhi

The Economic Times

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Our apprentice, students and teachers of the year recognised in the 2026 ACT Training Awards

They have shown a lot of resilience to get to where they are now.

The Canberra Times

What to do about CIT? A new parliamentary inquiry looks for answers

UC merger, board overhaul to face parliamentary scrutiny.

The Canberra Times

Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai

During an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and calls it unexplained cash; he wins case in ITAT Mumbai. Read the article to know how.

The Economic Times

'No cost-free options' in CIT head exit consideration, board chair says

Payment to ex-CEO followed complex considerations, inquiry told.

The Canberra Times

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There are two ways we could straighten out CIT after a decade of scandal

Either way, the board experiment is massive failure and it must go.

The Canberra Times

Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT Delhi

Constructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man wins case in ITAT Delhi; Know how. This Paschim Vihar property was purchased on July 20, 2005 for Rs 6.48 lakh (including stamp duty).

The Economic Times

'No bag of gold': CIT to slash 10 per cent from budget after leadership change

Board chair acknowledges big task ahead to bring stability to CIT.

The Canberra Times

CIT staff not interested in a 'takeover', while UC union backs merger

CIT staff not interested in a UC 'takeover', AEU says.

The Canberra Times

Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know why

Property buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in ITAT Delhi; Know why

The Economic Times

Fresh interest in merged UC and CIT harks back to history of talks

The merger came close to reality in 2011.

The Canberra Times

Bill Shorten: University of Canberra and CIT would be 'better together'

'This is not about cost cutting,' vice-chancellor says.

The Canberra Times

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The Canberra Times

Education Minister backs call to examine merging embattled CIT with UC

A chorus of high-profile voices are eager for a merger to be explored.

The Canberra Times

CIT's crisis is a chance to examine all options on the table

The institute is vital, but its entire structure is in question.

The Canberra Times

Paying outgoing CIT head $445,000 a 'disgrace', Liberals say

Payout confirmed after Margot McNeill announced resignation.

The Canberra Times

CIT head to be paid $440,000 in settlement after resignation

Margot McNeill says 'this decision is in the best interest of the CIT community'.

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The Economic Times

Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reason

Chennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differential amount; ITAT Chennai gives him relief; Know why he won the case in ITAT Chennai.

The Economic Times

Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT Ahmedabad

Family member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedabad; Know how Google earth photos and Revenue Records helped him win. Read the article.

The Canberra Times

Embattled CIT appoints new acting CEO and deputy after weeks of speculation

Dr McNeill is still on leave, with no stated return date.

The Economic Times

Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains why

Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.

The Canberra Times

'Overly litigious and combative': call for investigation into CIT chief executive

The committee stopped short of finding her in contempt of the assembly.

The Canberra Times

Student's graphic injury at Floriade pulls CIT 'cowboy' safety culture into spotlight

CIT board member confirms serious safety incident.

The Canberra Times

Union 'deeply disturbed' by job cuts at CIT

The CIT will offer voluntary redundancies to staff.

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