https://taxguru.in/income-tax/assessment-order-passed-name-deceased-individual-invalid-itat-jaipur.html Clipped from: https://taxguru.in/income-tax/assessment-order-passed-name-deceased-individual-invalid-itat-jaipur.html Birdi Chand Vs ITO (ITAT Jaipur) As it is evident from the fact that the legal heir of late Shri Birdi Chand
Category: Income Tax Cases
👍👍👍👍👍Delhi HC Invalidates GST Order for Lack of Consideration of Petitioner’s Reply
https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html Clipped from: https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html RPJ Polymers Vs Union Of India & Ors (Delhi High Court) RPJ Polymers, the petitioner, challenged an order dated 28.12.2023 issued under
👍👍👍👍👍Improper service of Section 148 notice renders assessment order invalid
https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Clipped from: https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Mandeep Malli Vs ACIT (ITAT Amritsar) The Income Tax Appellate Tribunal (ITAT) Amritsar presided over the case of Mandeep Malli vs. ACIT,
Interest received from Co-operative Banks– is not taxable — Courtesy Taxguru
https://taxguru.in/income-tax/section-80p2d-deduction-dividend-co-op-banks-credit-society.html Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-dividend-co-op-banks-credit-society.html Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit Vs CIT(A) (ITAT Mumbai) Dividend which is earned by the Society registered under Maharashtra
👍👍👍👍👍👍👍Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act
Clipped from: https://www.taxscan.in/interest-income-received-from-co-operative-banks-cannot-be-equated-with-interest-received-from-co-operative-society-itat-not-allowed-deduction-u-s-80p-2-d-of-income-tax-act-read-order/373691/ Top Stories ITAT disallowed deduction under Section 80P (2)(d) of the Income Tax Act, 1961, stating that interest income received from cooperative banks
👍👍👍👍👍Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT
Clipped from: https://www.taxscan.in/interest-income-derived-by-co-operative-society-from-any-other-co-operative-bank-allowable-as-deduction-u-s-80p2d-itat-read-order/373308/ In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest income derived by a co-operative
👌Is agreement to sell is a transfer and liable to Capital Gain Tax?
https://taxguru.in/income-tax/agreement-sell-transfer-liable-capital-gain-tax.html Clipped from: https://taxguru.in/income-tax/agreement-sell-transfer-liable-capital-gain-tax.html If we have ever studied the Income Tax Act, 1961, the income has been chargeable under the five sources of income and
Mere Four Days to Respond to IT Act Section 148A(b), SCN Deemed Invalid
https://taxguru.in/income-tax/respond-it-act-section-148a-b-scn-invalid-4-days.html Clipped from: https://taxguru.in/income-tax/respond-it-act-section-148a-b-scn-invalid-4-days.html Koyambrath Puthiyapurayil Mohammed Kunhiaged Vs ITO (Kerala High Court) Introduction: In a recent judgment, the Kerala High Court has quashed a reassessment order
Will I have to pay tax on the residual amount after selling an old flat and buying a new one? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/will-i-have-to-pay-tax-on-the-residual-amount-after-selling-an-old-flat-and-buying-a-new-one-3285149/?utm_source=Express_Newsletter&utm_medium=email&utm_campaign=newsletterid-22,newslettername-financial-express-daily,itemposition-1, Tax on Flat Sale: As per Section 54, an individual can save long-term capital gains arising on the sale of RHP by purchasing
Madras HC directs Income Tax Dept to lift Attachment of Pension Account considering old Age of Pensioner
lipped from: https://www.taxscan.in/madras-hc-directs-income-tax-dept-to-lift-attachment-of-pension-account-considering-old-age-of-pensioner/336025/ Top Stories The Madras High Court directs the income tax department to lift the attachment of the pension account considering the age and
Gifts received in shape of cash “Shaguns” on various occasions like Marriages, Birthdays, Anniversaries kept in Locker shall not be treated as Unexplained Money u/s 69A of Income Tax Act: ITAT
Clipped from: https://www.taxscan.in/gifts-received-in-shape-of-cash-shaguns-on-various-occasions-like-marriages-birthdays-anniversaries-kept-in-locker-shall-not-be-treated-as-unexplained-money-u-s-6/336090/ Top Stories By Aparna. M – On October 27, 2023 2:00 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT), Delhi bench held that gifts received in
Partnership Firm and proprietorship concern having one common partner as individual could not be defined as relative u/s 2(41) of Companies Act
https://taxguru.in/excise-duty/partnership-firm-proprietorship-concern-common-partner-individual-defined-relative-u-s-2-41-companies-act.html Clipped from: https://taxguru.in/excise-duty/partnership-firm-proprietorship-concern-common-partner-individual-defined-relative-u-s-2-41-companies-act.html Asha Industries Vs C.C.E. & S.T. (CESTAT Ahmedabad) Conclusion: A proprietorship firm and the partnership firm even though the said proprietor was one
Change of Chartered Accountant resulted in Non-Receiving of Notices: ITAT grants another Opportunity to Assessee
Clipped from: https://www.taxscan.in/change-of-chartered-accountant-resulted-in-non-receiving-of-notices-itat-grants-another-opportunity-to-assessee/330522/ Top Stories The Pune bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee due to the change of chartered accountant
Proportionate municipal tax paid to society allowable against house property income
https://taxguru.in/income-tax/municipal-tax-quantified-society-proportionately-collected-flat-owner-allowable-expenditure.html Clipped from: https://taxguru.in/income-tax/municipal-tax-quantified-society-proportionately-collected-flat-owner-allowable-expenditure.html K Lalchand Pvt Ltd Vs CIT (ITAT Mumbai) Municipal tax quantified by society & proportionately collected from flat owner is allowable expenditure
👍👍👍👍👍👍👍Capital Gain Tax Exemption – Date of Acquiring New Property
https://taxguru.in/income-tax/capital-gain-tax-exemption-date-acquiring-property.html Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-date-acquiring-property.html Section 54 of the Income Tax Act offers taxpayers the opportunity to claim a deduction from capital gains income tax when selling
👍👍👍👍👍👍👍Consider Agreement Date for Capital Gains and Section 54/54F Exemption: SC
https://taxguru.in/income-tax/consider-agreement-date-capital-gains-section-54-54f-exemption-sc.html Clipped from: https://taxguru.in/income-tax/consider-agreement-date-capital-gains-section-54-54f-exemption-sc.html Sanjeev Lal Etc Vs CIT (Supreme Court of India) Introduction: In a significant ruling, the Supreme Court of India has provided clarity on
Flat Holding Period for Section 54F Deduction reckoned from allotment letter date
https://taxguru.in/income-tax/flat-holding-period-section-54f-deduction-reckoned-allotment-letter-date.html Clipped from: https://taxguru.in/income-tax/flat-holding-period-section-54f-deduction-reckoned-allotment-letter-date.html ACIT Vs Sanjay Kumath (ITAT Indore) In the case of ACIT Vs. Sanjay Kumath, heard at the Income Tax Appellate Tribunal (ITAT)
👍👍👍👍👍👍👍Non Filing of Income Tax Returns on belief of Exemption u/s 80P of Income Tax Act: Kerala HC directs to file ITR within 1 month
Clipped from: https://www.taxscan.in/non-filing-of-income-tax-returns-on-belief-of-exemption-u-s-80p-of-income-tax-act-kerala-hc-directs-to-file-itr-within-1-month/326856/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Non%20Filing%20of%20Income%20Tax%20Returns%20on%20belief%20of%20Exemption%20u/s%2080P%20of%20Income%20Tax%20Act:%20Kerala%20HC%20directs%20to%20file%20ITR%20within%201%20month Top Stories The Kerala High Court directed to file the income tax returns within 1 month in the matter regarding non- filing of
👍👍👍👍👍I purchased a flat for Rs 9 crore before selling a property inherited through Gift Deed. How can I save tax? | The Financial Express
https://www.financialexpress.com/money/i-purchased-a-flat-for-rs-9-crore-before-selling-a-property-inherited-through-gift-deed-how-can-i-save-tax-3256813/ Clipped from: https://www.financialexpress.com/money/i-purchased-a-flat-for-rs-9-crore-before-selling-a-property-inherited-through-gift-deed-how-can-i-save-tax-3256813/ An individual can save long-term capital gains tax on the sale of RHP by purchasing a new RHP within 1 year, or
Delayed Payment of TCS and GST is not “Penalty”, Allowable as Deduction u/s 37 of Income Tax Act: ITAT
Clipped from: https://www.taxscan.in/delayed-payment-of-tcs-and-gst-is-not-penalty-allowable-as-deduction-u-s-37-of-income-tax-act-itat/324694/ Top Stories The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that delayed payment of Tax collection at source (TCS) and Goods and Services Tax
