Income Tax

Recent Posts

• Redevelopment of Housing Society: ₹18.40 Crore Capital Gain Cannot Simply Be Taxed in Society’s Hands
• Fake Income-Tax Raid: When Fear Becomes a Tool for Extortion
• Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression”
• Section 54GB Exemption on Start-up Investment: ITAT Allows ₹1.48 Crore Deduction
• A Nephew Is a Relative—But Is He a Lineal Descendant?
• Six Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice
• Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries
• Section 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief
• ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know
• Section 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court