Delay in registration of property cannot not be a ground to deny exemption U/S 54 and 54F:
Delay in registration of property cannot not be a ground to deny exemption U/S 54 and 54F: Case: 1. Assessee…
Income Tax
Extension of house is also eligible for capital gain exemption.
Extension of house is also eligible for capital gain exemption. Recently ITAT Chennai in the case of Chandra Bhavani…
Can the Assessing Officer do rectification under Section 154 of the Income Tax Act beyond the 4-year under Section 154(7)?
Can the Assessing Officer do rectification under Section 154 of the Income Tax Act beyond the 4-year under Section 154(7)?…
Status of Public Interest Litigation on Section 87A before Bombay High Court
Status of Public Interest Litigation on Section 87A before Bombay High Court The Public Interest Litigation was filed by…
Assignment of leasehold rights is not liable to GST: Gujarat HC
Assignment of leasehold rights is not liable to GST: Gujarat HC Gujarat HC has recently delivered a landmark judgement by…
Whether payment of additional tax is a condition precedent for exercising option of filing Updated Return under section 139(8A)?
Whether payment of additional tax is a condition precedent for exercising option of filing Updated Return under section 139(8A)? …
Ignoring procedural requirements violates the assessee’s right to a fair hearing
Ignoring procedural requirements violates the assessee’s right to a fair hearing The Himachal Pradesh High Court in M/s Deluxe Enterprises…
Enhanced tax rate of 60% u/s. 115BBE not Applicable to cash deposits during demonetisation?
Enhanced tax rate of 60% u/s. 115BBE not Applicable to cash deposits during demonetisation? Recently got an occasion to…
FTC cannot be denied on the ground that corresponding income has not been offered for tax in the year under consideration.
FTC cannot be denied on the ground that corresponding income has not been offered for tax in the year under…
Mere seizure of share certificates cannot be considered as incriminating material without any other corroborative evidences during search: ITAT, Delhi
Mere seizure of share certificates cannot be considered as incriminating material without any other corroborative evidences during search: ITAT, Delhi…
Capital Gain Exemption allowable even if the construction of the house is commenced prior to the sale of old property
Capital Gain Exemption allowable even if the construction of the house is commenced prior to the sale of old property…
Excel Utility to Update the Rebate u/s 87A released by Income Tax Department had changed
Excel Utility to Update the Rebate u/s 87A released by Income Tax Department had changed The Income Tax Department…
Penalty imposed by Bombay HC on PCIT and JAO for mechanically passing and approving the orders in the reassessment proceedings Further asked to verify the conduct of these officers
Penalty imposed by Bombay HC on PCIT and JAO for mechanically passing and approving the orders in the reassessment proceedings…
ITAT Bangalore’s Decision in Buckeye Trust Recalled
ITAT Bangalore’s Decision in Buckeye Trust Recalled There were some observation for Private Trusts and Succession Planning which was…
Failure to issue share certificates within 2 months from the date of incorporation – ROC imposed Penalty of Rs. 1.50 Lakh on the company and Directors
Failure to issue share certificates within 2 months from the date of incorporation – ROC imposed Penalty of Rs. 1.50 Lakh…
An option to file online Rectification Applications with the AO
An option to file online Rectification Applications with the AO The Income Tax Department has launched the much-awaited option…
Extension for Filing Revised or Belated Income Tax Returns: Clearing the Air
Extension for Filing Revised or Belated Income Tax Returns: Clearing the Air Tax season often brings its share of…
Incorrect Email, Invalid Order: Lessons from Neha Bhawsingka vs. Union of India [2024] 169 taxmann.com 669 (Calcutta High Court)
Incorrect Email, Invalid Order: Lessons from Neha Bhawsingka vs. Union of India [2024] 169 taxmann.com 669 (Calcutta High Court) When…
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