Income Tax

  • Income Tax

Penalty u/s 271D stayed as assessee denied receiving cash and matter pending in Civil Court

Penalty u/s 271D stayed as assessee denied having received cash loan and matter was pending in Civil Court In a…

3 weeks ago
  • Income Tax

Non allocation of common expenses in deduction u/s 80IA – ITAT quashed revision order

Non allocation of common expenses for deduction u/s 80IA – ITAT quashed revision order Non allocation of common expenses to…

3 weeks ago
  • Income Tax

High price of land no reason tax it as business income when its class remained Krishi bhumi

High price of land sold no reason tax it as business income when its class remained Krishi bhumi In a…

3 weeks ago
  • Income Tax

CIT(A) incorrect in not adjudicating ground raised merely because AR agreed not to press

CIT(A) incorrect in not adjudicating the ground raised merely because AR agreed not to press it In a recent judgment,…

3 weeks ago
  • Income Tax

Flats held as stock in trade-Municipal rateable value to be income from house property

Residential Flats held as stock in trade-Municipal rateable value to be adopted for determining income from house property In a…

3 weeks ago
  • Income Tax

TDS u/s 194Q not related to sale-ITAT remands case of mismatch of turnover and TDS with 26AS

TDS u/s 194Q not related to sale-ITAT remands case of mismatch of turnover In a recent judgment, the ITAT has…

3 weeks ago
  • Income Tax

Assessee claimed a third party fraudulently filed his return – ITAT remands case to prove it

Assessee claimed a third party fraudulently filed his return - ITAT remands case to prove it In a recent judgment,…

3 weeks ago
  • Income Tax

ITAT allows commission paid for sale of property despite no written agreement

ITAT allows commission expenses in connection with sale of property despite no written agreement ITAT allows commission expenses as deduction…

3 weeks ago
  • Income Tax

Order u/s 148A(d) quashed as correct amount of cash deposit was less than Rs. 50 lakhs

Reopening order u/s 148A(d) quashed as correct amount of cash deposit in bank was less than Rs. 50 lakhs In…

3 weeks ago
  • Income Tax

The AO not authorized to stretch published census population to imaginary figure – ITAT

The AO not authorized to stretch the published census population to an imaginary figure - ITAT In a recent judgment,…

3 weeks ago