Judgments

  • 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
  • Income Tax

HC stays re-assessment order u/s 148A(d) passed ignoring objections of assessee

High Court stays re-assessment proceedings as order u/s 148A(d) was passed ignoring objection of assessee. High Court stays re-assessment proceedings…

3 weeks ago
  • Income Tax

Disallowance u/s 40(A)(2)(b) – Onus is on Assessing Officer to made comparable study

Disallowance u/s 40(A)(2)(b) – Onus is on Assessing Officer to made comparable study  In a recent judgment, ITAT has deleted…

3 weeks ago
  • Income Tax

When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted

When no cash involved in transaction, Section 68 treating it unexplained cash credit not attracted  When there was no cash…

3 weeks ago
  • Income Tax

Provisions of section 69 not applicable to profit from trading of speculative Transactions – ITAT

Provisions of section 69 not applicable on the profit from trading of speculative Transactions In a recent judgment, ITAT has…

3 weeks ago
  • Income Tax

Capital gain exemption u/s 54F denied as new house was in the name of husband

Capital gain exemption u/s 54F denied as new house was in the name of husband In a recent judgment, ITAT…

3 weeks ago
  • Income Tax

Mere placing notice on e-filing portal not in accordance with income tax provisions – ITAT

Mere placing notice on e-filing portal of Income tax not in accordance with income tax provisions - ITAT In a…

3 weeks ago
  • Income Tax

Compensation received for vacating flat possession not taxable being a capital receipt

Compensation received for vacating flat possession not taxable it is neither chargeable under the head ‘capital gains’ nor as income…

3 weeks ago