Rs 91,000 crore wipeout: What spooked HDFC Bank, Axis Bank and Kotak investors even as credit growth picked up?
Read more at:https://economictimes.indiatimes.com/markets/stocks/news/rs-91000-crore-wipeout-what-spooked-hdfc-bank-axis-bank-and-kotak-investors-even-as-credit-growth-picked-up/articleshow/132506463.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit
*******Assessment Order Enhaning Addition Without Opportunity Quashed: Bombay HC
Read more at: https://taxguru.in/income-tax/assessment-order-enhaning-addition-opportunity-quashed-bombay-hc.html?utm_source=follow.itCopyright © Taxguru.in https://taxguru.in/income-tax/assessment-order-enhaning-addition-opportunity-quashed-bombay-hc.html?utm_source=follow.it Material Facts The petitioner challenged the final Assessment Order dated 28.09.2022 passed under Sections 144 and 144B of the
*******Section 54EC Deduction Enhanced to ₹1 Crore by Rectifying Tribunal Order: ITAT Pune
Read more at: https://taxguru.in/income-tax/section-54ec-deduction-enhanced-rs-1-crore-rectifying-tribunal-order-itat-pune.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee filed a Miscellaneous Application under Section 254(2) of the Income Tax Act, 1962 seeking rectification of
*******Capital Gains on JDA Taxable in Completion Certificate Year, Section 54/54F Relief Allowed: ITAT Bangalore
Read more at: https://taxguru.in/income-tax/capital-gains-jda-taxable-completion-certificate-year-section-54-54f-relief-allowed-itat-bangalore.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee filed four appeals for Assessment Years 2014-15, 2018-19, 2019-20 and 2020-21 concerning taxability of income arising
Section 147 Assessment Set Aside as ITO Lacked Pecuniary Jurisdiction: ITAT Delhi
Read more at: https://taxguru.in/income-tax/section-147-assessment-set-ito-lacked-pecuniary-jurisdiction-itat-delhi.html?utm_source=follow.itCopyright © Taxguru.in Material Facts The assessee appealed against the order of the National Faceless Appeal Centre dated 11.01.2024, arising from an assessment
*******Received an income tax reassessment notice? This ITAT ruling shows when you can challenge it
https://www.financialexpress.com/money/income-tax/received-an-income-tax-reassessment-notice-this-itat-ruling-shows-when-you-can-challenge-it/4294836 If you receive an income tax reassessment notice, your first instinct may be to focus on proving that the tax demand is incorrect. But what
*******Man sells house for Rs 1.10 crore; Income Tax calculates capital gains on Rs 1.96 crore – what ITAT says
https://www.financialexpress.com/money/man-sells-house-for-rs-1-10-crore-income-tax-calculates-capital-gains-on-rs-196-crore-what-itat-says-4294923 The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has clarified an important point for taxpayers selling property below the stamp duty value. The Tribunal
Now check foreign income & assets data in AIS ahead of ITR filing
https://www.financialexpress.com/money/now-check-foreign-income-amp-assets-data-in-ais-ahead-of-itr-filing-4294954 The inclusion of foreign income and investment data in the Annual Information Statement (AIS) will improve tax compliance and reduce inadvertent reporting errors. Taxpayers
*******NRIs can get home loans from Indian banks
https://www.financialexpress.com/money/your-loan-queries-nris-can-get-home-loans-from-indian-banks-4294998 My brother is working in Dubai and plans to invest in a property in Chennai. How can he apply for a loan from an
*******ITAT Chennai Deletes Addition Based Solely on Third-Party Statement in Reopened Assessment
Read more at: https://taxguru.in/income-tax/itat-chennai-deletes-addition-based-solely-third-party-statement-reopened-assessment.html?utm_source=follow.itCopyright © Taxguru.in The Income Tax Appellate Tribunal (ITAT), Chennai, considered an appeal filed by an individual consultant doctor against the order of