Deduction u/s 57(iv) allowable against Interest received on enhanced compensation for land acquisition despite assessee engaged in business of real estate. ABCAUS Case Law Citation:ABCAUS 3728 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in in rejecting the claim …
No furnishing transporters declaration u/s 194C(7) does not mean non compliance of section 194C(6) leading to disallowance u/s 40(a)(ia) – ITAT ABCAUS Case Law Citation:ABCAUS 3727 (2023) (05) ITAT Important Case Laws relied upon:Sunbeam Auto Ltd. 332 ITR 167 In the instant case, the assessee had challenged the …
Cost of acquisition in construction of roof rights in property – ITAT remands case for consideration of report of valuer. ABCAUS Case Law Citation:ABCAUS 3726 (2023) (05) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in sustaining the addition on account …
CPC making adjustment u/s 143(1)(a) without giving opportunity despite availability of correct position was a mistake of apparent nature – ITAT ABCAUS Case Law Citation:ABCAUS 3725 (2023) (04) ITAT Important Case Laws relied upon:Kalpesh Synthetics (P) Ltd. vs. DCIT 137 Taxmann. com 475 In the instant case, the …
A claim for deduction can not be denied merely for not filing return of income within due date specified u/s 139(1) in absence of any specific provision – ITAT ABCAUS Case Law Citation:ABCAUS 3724 (2023) (04) ITAT Important Case Laws relied upon:M/s. Saffire Garments Vs. Income Tax OfficerCIT …
ICAI bars four Chartered Accountants on the charges of Professional Misconduct ICAI has notified name of four chartered accountants to be removed from the Register of Members on the charges of professional misconduct. Particulars Punishment Notification CA. Goutam Ghanty (Membership No. 060511), Agrani Lane, Mahiskapur, Plot Benachity, Durgapur …
