Whether surcharge is applicable at respective surcharge slab rate or at maximum surcharge rate in case of the Private Discretionary Trust?
Permanent Registration of the Trust: There is no error in claiming exemption under ss. 11 and 12 of the Act when the trust was armed with provisional registration – Nagpur ITAT
Application under Section 12A (1)(ac)(vi)-Item ‘B of the IT Act, 1961 is not incorrect even if the trust has claimed any deduction under section 11/12 in earlier years: Nagpur ITAT
Redevelopment Scheme: Whether the difference between the stamp duty value of the new flat and the indexed cost of the old one as a taxable “gift” under Section 56(2)(x)?
Where the reasons on the basis of which the reassessment proceedings were opened had been deleted; no other addition or disallowance on any other grounds, could be sustained
Income tax dept notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated
Deduction towards contingent liability allowed by AO: No revision U/s 263 permissible if AO had conducted proper inquiry and verification – ITAT Mumbai
