Legal Heir Is Not Always the Legal Representative: ITAT Agra Quashes Assessment Passed Without Proper Compliance Under Section 159 Keywords: legal heir vs legal representative, Section 159 Income Tax Act, assessment after death, notice to deceased person, ITAT Agra legal heir case, Chandrawati Devi vs ITO, assessment of deceased person, legal representative income tax, Section 159(4),…

Section 56(2)(x): Can Stamp Duty Value on Registration Date Trigger Tax Even When the Property Deal Was Finalised Years Earlier? ITAT Ahmedabad Says No     Keywords: Section 56(2)(x), stamp duty value, Jantri value, earlier agreement to sell, Banakhat, property registration, ITAT Ahmedabad, Section 56(2)(x) case law, banking channel payments, property purchased below stamp duty value,…

Sold Multiple Houses in the Same Year? ITAT Bangalore Rules Section 54 Exemption Is Available for Each House Separately   Keywords: Section 54 multiple houses, Section 54 exemption on multiple property sales, Bangalore ITAT Section 54, one residential house Section 54, capital gains exemption multiple houses, Section 54 Finance Act 2014, LTCG exemption, residential house capital…

Wrong Income Tax Officer? Entire Reassessment Can Be Quashed – Why Your Returned Income Decides Your Jurisdiction   Keywords: Income Tax jurisdiction, CBDT Circular No. 1/2011, reassessment invalid, notice under Section 148, notice under Section 143(2), wrong Assessing Officer, ACIT jurisdiction, DCIT jurisdiction, returned income and jurisdiction, ITAT Delhi, Ashok Devichand Jain case, invalid reassessment. Your…

Can You Claim Section 54 Exemption for Multiple Floors in One Redeveloped Building? ITAT Mumbai Gives a Big Relief   Keywords: Section 54 redevelopment, multiple floors Section 54, one residential house under Section 54, redevelopment agreement tax, ITAT Mumbai Section 54, capital gains on redevelopment, indexed cost of acquisition, redevelopment capital gains, Seeta Nayyar ITAT, redevelopment…