Income Tax

Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter

2 years ago

Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter…

Income Tax

Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made in earlier years

2 years ago

Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made…

Income Tax

The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC

2 years ago

The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC The Delhi High…

Income Tax

Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC

2 years ago

Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC Bombay High Court: Sanjay Ratra WP…

Income Tax

Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court

2 years ago

Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court The Supreme…

Income Tax

Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective?

2 years ago

Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective? As per the…

Income Tax

House property construction not done due to litigation, Capital gain exemption cannot be denied

2 years ago

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

2 years ago

Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income Recently, ITAT Delhi…

Income Tax

New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions

2 years ago

New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions [Query 1] I have read in your…

Income Tax

Extension of house is also eligible for capital gain exemption.

2 years ago

Extension of house is also eligible for capital gain exemption. Recently ITAT Chennai in the case of Chandra Bhavani…

Income Tax

ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of mind

2 years ago

ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of…

Income Tax

Legality of the Notice in the name of dead person

2 years ago

Legality of the Notice in the name of dead person In a recent judgment dated 28.11.2024 in the case…

Income Tax

Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled

2 years ago

Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled In a surprising turn, the Bangalore ITAT…

Income Tax

Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers.

2 years ago

Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers. Provisions of Section…

Income Tax

Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127

2 years ago

Reasonable Opportunity of Being Heard is a condition precedent before transfer of case from one AO to other U/s 127…

Income Tax

Section 159 applies only if reassessment notice is issued before Assessee’s death:

2 years ago

Section 159 applies only if reassessment notice is issued before Assessee’s death: Late Sh. Lal Chand Verma vs. Union…

Income Tax

Delay in registration of property cannot not be a ground to deny exemption U/S 54 and 54F:

2 years ago

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.

2 years ago

Extension of house is also eligible for capital gain exemption. Recently ITAT Chennai in the case of Chandra Bhavani…

Income Tax

Assessment was completed without examination of books of account but also without rejection of books: ITAT remands back the matter

Disallowance requires a direct nexus – No disallowance of expenses u/s 14A for exempt dividend income when investments were made in earlier years

The notice issued under Section 148A(d) to a deceased person was void ab initio: Delhi HC

Issues not considered in original assessment – Reassessment proceeding not illegal: Bombay HC

Reduction of capital constitutes a ‘transfer’ of capital assets under Section 2(47) of the Income Tax: Supreme Court

Non-payment of additional tax – Whether return filed under section 139(8A) can be treated as defective?

House property construction not done due to litigation, Capital gain exemption cannot be denied

Sale of Plot after dividing it in Parts– Taxable as Capital Gain & Not as Business Income

New Floor, New Rules? How Home Extensions Fit Into Capital Gains Exemptions

Extension of house is also eligible for capital gain exemption.

ITAT quashed Assessment – Illegal assumption of jurisdiction as satisfaction note recorded in a mechanical manner, without due application of mind

Legality of the Notice in the name of dead person

Bangalore Tribunal Recalls Order in Buckeye Trust Case: A Fresh Hearing Scheduled

Even administrative orders for transfers of jurisdiction must respect the principles of fairness, particularly in cross-jurisdictional transfers.

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:

Delay in registration of property cannot not be a ground to deny exemption U/S 54 and 54F:

Extension of house is also eligible for capital gain exemption.

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