No re-assessment proceedings beyond 3 years if the escaped income exceeds ₹50 lakh is not represented in the form of an asset
Capital Gain exemption under section 54F: Income Tax Act speaks of ‘one residential house,’ not ‘one residential unit.
Valuation of shares by DCF method cannot be rejected, where there is no error in the methodology: Delhi HC
Section 205 is a protective provision – Once TDS has been deducted and deposited, the assessee cannot be asked to pay tax again
No re-assessment proceedings beyond 3 years if the escaped income exceeds ₹50 lakh is not represented in the form of an asset
Bogus Purchase: Addition sustained at reduced rate not under Section 69C, but as a trading addition by ITAT Delhi
ITAT Jaipur Estimated Profit at 1.52% on Turnover of Rs. 7.96 Crores amid Audit Lapses and Cash Irregularities”
Relief on GST Input Tax Credit for Real Estate-Linked Services – Supreme Court Upholds Safari Retreats Ruling
Once an LLP opts for audit under Rule 24(8), the due date of filing the income tax return is 30th September: ITAT Agra
The benefit of lower rate of income tax of 15% under Section 115BAB allowed to Company by Kolkata ITAT
Jurisdictional Assessing Officer Vs. Faceless Assessing Officer: Telangana High Court Quashes Reassessment Notices
Legal fiction created in Section 50 is confined to the computation of capital gains and does not alter the nature of the asset or affect eligibility for exemptions under other sections
