Judgments

  • 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,…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month 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…

1 month ago
  • Income Tax

Unless order of ITAT is reversed by High Court, same has to be given due effect – ITAT

Unless and until the order of ITAT is reversed by High Court, the same has to be given due effect…

1 month ago
  • Income Tax

Addition for unexplained agricultural expenditure deleted, expenses depend on many factors

Addition for unexplained agricultural expenditure u/s 69C deleted. Agricultural expenses depend on so many factors which were ignored by Assessing…

1 month ago