Downfall in Gross Profit Ratio cannot be Sole basis for Addition: ITAT

Read More: https://www.taxscan.in/downfall-in-gross-profit-ratio-cannot-be-sole-basis-for-addition-itat/247807/ Clipped from: https://www.taxscan.in/downfall-in-gross-profit-ratio-cannot-be-sole-basis-for-addition-itat/247807/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Downfall%20in%20Gross%20Profit%20Ratio%20cannot%20be%20Sole%20basis%20for%20Addition:%20ITAT The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling has held that the downfall in Gross Profit Ratio could not be

Violation of natural justice in Administrative Body cannot be cured by natural justice at the Appellate Stage: Rajasthan HC

Read More: https://www.taxscan.in/violation-of-natural-justice-in-administrative-body-cannot-be-cured-by-natural-justice-at-the-appellate-stage-rajasthan-hc-read-order/247698/ Clipped from: https://www.taxscan.in/violation-of-natural-justice-in-administrative-body-cannot-be-cured-by-natural-justice-at-the-appellate-stage-rajasthan-hc-read-order/247698/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Violation%20of%20natural%20justice%20in%20Administrative%20Body%20cannot%20be%20cured%20by%20natural%20justice%20at%20the%20Appellate%20Stage:%20Rajasthan%20HC A Division Bench of the Rajasthan High Court recently set aside the orders passed against the assessee, both in adjudication and

👍Builder’s Fault might cost you Additional Capital Gains Tax Liability u/s 54 IT Act: Here’s What You Need to Know

Read More: https://www.taxscan.in/builders-fault-might-cost-you-additional-capital-gains-tax-liability-u-s-54-it-act-heres-what-you-need-to-know/247623/ Clipped from: https://www.taxscan.in/builders-fault-might-cost-you-additional-capital-gains-tax-liability-u-s-54-it-act-heres-what-you-need-to-know/247623/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Builder%E2%80%99s%20Fault%20might%20cost%20you%20Additional%20Capital%20Gains%20Tax%20Liability%20u/s%2054%20IT%20Act:%20Here%E2%80%99s%20What%20You%20Need%20to%20Know Section 54 of the Income Tax Act allows for an exemption on long-term capital gains tax for individuals and HUF (Hindu

Loss from Sale of Shares and Mutual Funds on which STT paid can’t be set off against LTCG arising out as per S.70(3): ITAT

Read More: https://www.taxscan.in/loss-from-sale-of-shares-and-mutual-funds-on-which-stt-paid-cant-be-set-off-against-ltcg-arising-out-as-per-s-703-itat-read-order/247446/ Clipped from: https://www.taxscan.in/loss-from-sale-of-shares-and-mutual-funds-on-which-stt-paid-cant-be-set-off-against-ltcg-arising-out-as-per-s-703-itat-read-order/247446/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Loss%20from%20Sale%20of%20Shares%20and%20Mutual%20Funds%20on%20which%20STT%20paid%20can%27t%20be%20set%20off%20against%20LTCG%20arising%20out%20as%20per%20S.70(3):%20ITAT In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Loss from the sale of shares

Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT

Clipped from: https://www.taxscan.in/housing-loan-and-interest-paid-thereon-for-construction-of-rented-house-eligible-for-deduction-u-s-224b-of-income-tax-act-itat-read-order/247466/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Housing%20Loan%20and%20Interest%20Paid Income Tax Appellate Tribunal (ITAT) Kolkata Bench ruled that the housing loan and interest paid for construction of the rented house is eligible for Deduction under

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