Income Tax Section 153C Notices Time-Barred When Computed From Satisfaction Note Date: Delhi HC Quashes Reassessment [Read Order]

Clipped from: https://www.taxscan.in/top-stories/income-tax-section-153c-notices-time-barred-when-computed-from-satisfaction-note-date-delhi-hc-quashes-reassessment-1443149?TRN300=svBwJnCucaunBEfYYuaMckWwASJdwUMbvFIIuAlhwjWMvUfSIMCkzyDnkMsAchMbvFIyuAMScYEzMb&LKD333=3432933 The court quashed Income Tax Section 153C notices as time-barred after holding that limitation must be computed from the satisfaction note date. The

ITAT Grants Deduction under Section 54F to NRI: Residential Houses Outside and Inside India Considered [Read Order]

Clipped from: https://www.taxscan.in/top-stories/itat-grants-deduction-under-section-54f-to-nri-residential-houses-outside-and-inside-india-considered-1443147?from-login=449965&token=RDWEB3CKNC41QUFKHYCNWTIHOJSA1LBG2KKOA AO had conducted an incomplete inquiry with regards to the deduction claimed under Section 54F. Principal CIT to reassess the claim considering the

Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]

Clipped from: https://www.taxscan.in/top-stories/gift-of-property-share-from-husband-to-wife-eligible-for-capital-gain-exemption-but-clubbing-and-capital-gains-rules-apply-rules-itat-1421600?TRN300=CEBWzMSUsaUPKegAedYMcbWGACJDwuMKEGAvdYqxgJGMVUfcyMsKJIDqKMsAshMbVwAEDIMSSIeJMk&LKD333=3439104 Observing that the legal transfer of ownership through gift and the reinvestment of capital gains satisfied the conditions under Section 54, the ITAT

Wrongfully Seizure of NRI’s Personal Belongings by Customs Dept: Delhi HC allows to Avail Baggage Rule Benefits [Read Order]

Clipped from: https://www.taxscan.in/wrongfully-seizure-of-nris-personal-belongings-by-customs-dept-delhi-hc-allows-to-avail-baggage-rule-benefits/500299?TRN300=CEBWzMSUsaUPKegAedYMcbWGACJDwuMKEGAvdYqxgJGMVUfcyMsKJIDqKMsAshMbVwAEDIMSSIeJMk&LKD333=3439147 The Court ordered that the petitioner’s gold item that had been confiscated by customs officers could be returned to the petitioner or any

Builder homebuyer dispute: Should homebuyers choose arbitration or RERA for quicker resolution? – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/builder-homebuyer-dispute-should-homebuyers-choose-arbitration-or-rera-for-quicker-resolution/articleshow/128875199.cms Listen to this article in summarized format While homebuyers with disputes against builders can take their cases to civil courts or RERA tribunals, there’s also another option: Arbitration.

1 2 3 2,299