Clipped from: https://taxguru.in/income-tax/disallowance-deduction-u-s-54f-due-delay-completion-construction-justifiable.html Kothari Sanjay Manilal Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that delay in the completion of construction of the house will not be
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
1👍👍👍👍👍👍👍Income Tax: What is Section 148A notice and what are the new changes brought under Budget 2024? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-what-is-section-148a-notice-and-what-are-the-new-changes-brought-under-budget-2024-441068-2024-08-11 Section 148A of the Income Tax Act allows the Income Tax officers to initiate reassessment proceedings when they suspect that a taxpayer may
1👍👍👍👍👍No more reopening, re-assessment of old ITR beyond 3 years if escaped income is below Rs 50 lakh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/no-more-reopening-re-assessment-of-old-itr-beyond-3-years-if-escaped-income-is-below-rs-50-lakh/articleshow/111955977.cms Synopsis Re-Assessment of Old ITR: Budget 2024 has brought significant relief as tax authorities are no longer allowed to reopen old income tax
2👍👍👍👍👍👍👍Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html?form=MG0AV3 ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
1👍👍👍👍👍👍👍Decoding Tax Dynamics: Unravelling Legal Complexities in Income Tax Reassessment Notices under Section 148, IT Act Post-Finance Act, 2021 | SCC Times
Clipped from: https://www.scconline.com/blog/post/2024/05/15/decoding-tax-dynamics-unravelling-legal-complexities-in-income-tax-reassessment-notices-under-section-148-it-act-post-finance-act-2021/#fn16 Introduction The landscape of the Income Tax Act of 19611 underwent a substantial transformation with the implementation of the Finance Act, 2021 (FA)2, bringing about significant revisions
1👍👍👍👍👍👍👍Indexation benefit admissible even in respect of assets held in foreign countries: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/indexation-benefit-admissible-respect-assets-held-foreign-countries-itat-mumbai.html DCIT Vs Aarav Fragrances and Flavors Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that benefit of cost inflation index admissible as per second
1👍👍👍👍👍👍👍Denial of capital gain exemption u/s 54F for property described in registered sale deed as “Makaan” was justified as having Brick-Kiln construction
Clipped from: https://taxguru.in/income-tax/denial-capital-gain-exemption-u-s-54f-property-registered-sale-deed-makaan-justified-brick-kiln-construction.html Himanshu Garg VS ACIT (Delhi High Court) Conclusion: Tribunal was justified in declining capital gain exemption under Section 54F with respect to a property
1👍👍👍👍👍👍👍Reassessment on basis of Insight Portal Information must be u/s 147/148 if jurisdictional condition u/s 153C was not satisfied
lipped from: https://taxguru.in/income-tax/reassessment-basis-insight-portal-information-u-s-147-148-jurisdictional-condition-u-s-153c-satisfied.html Daisy Distributors Pvt. Ltd. Vs ITO (Delhi High Court) Conclusion: Where jurisdictional condition for AO of assessee to assume jurisdiction under Section 153C was
1👍👍👍👍👍👍👍CIT(A) failed to examine the validity of jurisdiction u/s. 148 hence matter remanded: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/citafailed-examine-validity-jurisdiction-u-s-148-matter-remanded-itat-delhi.html Trinity Touch Pvt Ltd Vs ACIT (ITAT Delhi) ITAT Delhi remanded the matter back to CIT(A) since CIT(A) failed to examined the validity
1👍👍👍👍👍👍👍Fair market value on area allotted under occupancy certificated accepted: ITAT Bangalore
Clipped from: https://taxguru.in/income-tax/fair-market-area-allotted-occupancy-certificated-accepted-itat-bangalore.html ITO Vs Govindappa Jayaram Doddiah (HUF) (ITAT Bangalore) ITAT Bangalore held that CIT(A) rightly accepted the fair market value on the area allotted
H-1B ecosystem mainly benefits US firms more than Indian ones: Nasscom Prez
Clipped from: https://www.business-standard.com/economy/interviews/h-1b-ecosystem-mainly-benefits-us-firms-more-than-indian-ones-nasscom-prez-124121901002_1.html While India has always been recognized for its talent, we must now deepen our technology skillsets to drive growth Rajesh Nambiar, President of
👍👍👍👍👍Radical overhaul of shipping laws – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/radical-overhaul-of-shipping-laws/3695893/ A legislative reworking of the shipping sector will require policy support. Overall, the changes envisaged in these bills will radically improve the shipping
👍Rs 12 lakh crore in MSME exports recorded in April-November period: MoS MSME – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-rs-12-lakh-crore-in-msme-exports-recorded-in-april-november-period-mos-msme-3691172/ The total number of MSMEs exporting goods till November in the current fiscal was 1.73 lakh, compared to 1.53 lakh in the entire
👍👍👍Better late than never – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/better-late-than-never-4/3695887/?ref=hometop_hp SME listed entities are typically promoter-driven or family business companies with high concentration of shareholding among a few promoters. As many as 29
👍👍👍👍👍No assessment or re-assessment can be made on a dead person: Madras HC
Clipped from: https://taxguru.in/income-tax/assessment-re-assessment-dead-person-madras-hc.html Sampath Kumar Srikala Vs CIT (Madras High Court) Madras High Court held that it is settled law that no assessment or reassessment can
2👍👍👍👍👍👍👍Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
👍👍👍👍👍विश्लेषण : अपेक्षेप्रमाणे अमेरिकेत व्याजदरात कपात, तरी शेअर बाजार, रुपया पडण्याचे काय?
https://www.loksatta.com/explained/the-interest-rate-cut-by-us-federal-central-bank-indian-stock-market-crash-rupee-falls-print-exp-asj-82-4778557/ Shared by Loksatta android app click here to download https://loksatta.page.link/LS_app अमेरिकेची मध्यवर्ती बँक असलेल्या फेडरल रिझर्व्हने २०२४ मधील अंतिम बैठकीत आणखी पाव टक्के आणि
👍👍👍👍👍विश्लेषण : माहिती अधिकार कायदा लालफीतशाहीत अडकला आहे का?
https://www.loksatta.com/explained/government-delay-to-respond-right-to-information-rti-applications-thousands-of-rti-pendings-print-exp-css-98-4777247/ Shared by Loksatta android app click here to download https://loksatta.page.link/LS_app २००५ मध्ये देशभर माहिती अधिकार कायदा लागू करण्यात आला. मात्र, मागील काही वर्षांत माहिती
👍Musk looks unstoppable – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/musk-looks-unstoppable/article69001463.ece With Nasdaq at record highs and Tesla stock soaring, Elon Musk’s fortune could touch half a trillion dollars sooner than later There’s only
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