House property construction not done due to litigation, Capital gain exemption cannot be denied
House property construction not done due to litigation, Capital gain exemption cannot be denied ITAT Bangalore in the case…
Income Tax
Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income
Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income Recently, ITAT Delhi…
New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions
New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions [Query 1] I have read in your…
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…
ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of mind
ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of…
Legality of the Notice in the name of dead person
Legality of the Notice in the name of dead person In a recent judgment dated 28.11.2024 in the case…
Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled
Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled In a surprising turn, the Bangalore ITAT…
Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers.
Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers. Provisions of Section…
Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127
Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127…
Section 159 applies only if reassessment notice is issued before Assessee’s death:
Section 159 applies only if reassessment notice is issued before Assessee’s death: Late Sh. Lal Chand Verma vs. Union…
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…
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…
