Interesting case: Capital gains exemption u/s 54 towards Allotment of flats as sales consideration amounted to investment in new residential house

Addition need to be deleted or assessment need to be quashed if it is based on statement of a witness and assessee is not offered opportunity of cross-examination.

LTCG addition deleted by Delhi ITAT

DTAA INDIA and NETHERLANDS

Re-investment of capital gain arising on sale of three adjoining flats & Capital Gain Exemption

Applicable rate of tax for Brook Stick made of plastics & Classification of goods-

Allegation that the Co is a penny stock co whose share price has been artificially rigged by promoters/brokers/operators to create non-genuine LTCG is not sufficient.

‘Eight common mistakes to avoid while filing your GSTR-9 return’

Income-tax Department Invites Applications For Empanelment Of Advocates As Standing Counsel

LTCG accepted by ITAT, Delhi as neither the Assessing Officer conducted any enquiry nor has brought any clinching evidence to disprove the evidences produced by the assessee.

Tax consultant raised Rs. 35 crore bill.

HC quashes reassessment initiated after 6 years to disallow deduction of programme rights claimed by ‘Asianet

AO couldn’t issue reassessment notice on second ground if notice issued on first ground was set-aside by HC : SC

Prosecution can be launched even if there is a time for filing income tax return u/s 139(4) if return is not filed u/s 139(1) & notice is issued u/s 142(1)

Compilation of few Interesting Income Tax Cases.

Aerens Developers and Engineers Ltd vs. ACIT (ITAT Delhi)

DTAA between India and Singapore

GST registration required for a manufacturer of exempt supplies where he is liable to pay tax on reverse charge basis