DVO Reference u/s 55A condition u/s 50C applies only when stamp duty value is higher than the sales consideration as per agreement. This…
Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for…
ITAT, Mumbai in a recent judgment has held that for determination of Annual Value of House property, u/s 23(1), whether the…
ITAT Mumbai, in a recent case has stated that demolition/destruction of house not necessarily results in transfer u/s 2(47) by…
In a recent judgment, ITAT Mumbai has opined that merely because an income has been taxed in the hands of…
In a recent judgment, ITAT Mumbai has held that as per CBDT circular no. 09 of 2014, construction cost on development…
Assessee not liable to Long Term Capital Gain for being registered owner where the land was leased out to a builder…
Penalty-271(1)(c) - share application money received from different companies with common addresses The Explanation 1 to section 271(1)(c) raises rebuttable…