Husband supplies money for acquiring property in wife’s name doesn’t imply benami transaction

https://taxguru.in/corporate-law/husband-supplies-money-acquiring-property-wifes-doesnt-imply-benami-transaction.html Clipped from: https://taxguru.in/corporate-law/husband-supplies-money-acquiring-property-wifes-doesnt-imply-benami-transaction.html Sekhar Kumar Roy Vs Smt. Lila Roy & Another (Calcutta High Court) Calcutta High Court held that if a husband supplies the

Penalty u/s 272A(1)(d)  Income Tax Act shall not levied if Reasonable Cause for Non-Compliance of Statutory Notices: ITAT

Clipped from: https://www.taxscan.in/penalty-u-s-272a1d-income-tax-act-shall-not-levied-if-reasonable-cause-for-non-compliance-of-statutory-notices-itat-read-order/297459/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty%20u/s%20272A(1)(d)%20Income%20Tax%20Act%20shall%20not%20levied%20if%20Reasonable%20Cause%20for%20Non-Compliance%20of%20Statutory%20Notices:%20ITAT Top Stories By Aparna. M – On July 9, 2023 5:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that penalty under Section 272(1)(d) of Income

👍👍👍👍👍👍👍No addition can be made on Immovable Property purchased out of Gifts received from Relatives: ITAT directs Re-adjudication

Clipped from: https://www.taxscan.in/no-addition-can-be-made-on-immovable-property-purchased-out-of-gifts-received-from-relatives-itat-directs-re-adjudication-read-order/296643/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20addition%20can%20be%20made%20on%20Immovable%20Property%20purchased%20out%20of%20Gifts%20received%20from%20Relatives:%20ITAT%20directs%20Re-adjudication Top Stories By Aparna. M – On July 8, 2023 1:30 pm – 2 mins read The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no

👍👍👍👍👍Assessment Order cannot be directed against Only One of Deceased Assessee’s Legal Heirs

https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Clipped from: https://taxguru.in/income-tax/assessment-order-directed-only-deceased-assessees-legal-heirs.html Darpan Kohli & Ors Vs ACIT (Delhi High Court) Introduction: In a case concerning the taxation of a deceased individual, the Delhi High

Delay in filing of appeal condoned in absence of any deliberate/ intentional/ gross negligence

https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Clipped from: https://taxguru.in/income-tax/delay-filing-appeal-condoned-absence-deliberate-intentional-gross-negligence.html Nimesh Kanubhai Topiwala Vs DCIT (ITAT Surat) ITAT Surat held that the delay in filing appeal before ld CIT(A)/ NFAC is not

Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT

Read More: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/ Clipped from: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20u/s%20147%20of%20Income%20Tax%20Act%20After%20Expiry%20of%20Four%20years%20from%20End%20of%20Relevant%20Year%20of%20Assessment%20is%20Invalid:%20ITAT Top Stories The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income

👍No Audit can be Made u/s 44AB of Income Tax Act When Assessee Has Not Maintain Books of Account: ITAT

Read More: https://www.taxscan.in/no-audit-can-be-made-u-s-44ab-of-income-tax-act-when-assessee-has-not-maintain-books-of-account-itat/292705/ Clipped from: https://www.taxscan.in/no-audit-can-be-made-u-s-44ab-of-income-tax-act-when-assessee-has-not-maintain-books-of-account-itat/292705/ Top Stories The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT) held that no audit can be made under section 44AB

👍👍👍👍👍👍👍Order u/s 148A(d) of Income Tax Act is not final Assessment Order, no Income Tax Demand arises: Calcutta HC

Read More: https://www.taxscan.in/order-u-s-148ad-of-income-tax-act-is-not-final-assessment-order-no-income-tax-demand-arises-calcutta-hc/289299/ Clipped from: https://www.taxscan.in/order-u-s-148ad-of-income-tax-act-is-not-final-assessment-order-no-income-tax-demand-arises-calcutta-hc/289299/ Top Stories The Calcutta High Court in a recent decision observed that the order under Section 148A(d) of the Income Tax Act,

Assessing Officer Cannot Withdraw or Modify or Substitute Assessment Order Passed u/s 143(3) with another Assessment Order: ITAT

Clipped from: https://www.taxscan.in/assessing-officer-cannot-withdraw-or-modify-or-substitute-assessment-order-passed-u-s-1433-with-another-assessment-order-itat/291046/ Top Stories The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) could not withdraw or modify or substitute

ITAT Overturns Ex-Parte Order Due to Non-Adherence to Notice Service Preferences

https://taxguru.in/income-tax/itat-overturns-ex-parte-order-due-non-adherence-notice-service-preferences.html Clipped from: https://taxguru.in/income-tax/itat-overturns-ex-parte-order-due-non-adherence-notice-service-preferences.html Jayshree Kamleshkumar Patel Vs ITO (ITAT Ahmedabad) Introduction: In a remarkable case of Jayshree Kamleshkumar Patel vs ITO, the ITAT Ahmedabad has overturned

I-T department sends notices using AI to tax evaders for fake donations

https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html Clipped from: https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html The income tax notices were issued to evaders under Section 138 and 148(A); individuals have to submit proof of donation within 30

Capital gain from jointly owned property sale cannot be attributed to single co-owner

Read more at: https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.html Clipped from: https://taxguru.in/income-tax/itat-verdict-sureshbhai-patel-vs-ito-jointly-owned-property-sale-analysis.html Sureshbhai Ashwinbhai Patel Vs ITO (ITAT Ahmedabad) The case of Sureshbhai Ashwinbhai Patel Vs ITO, heard by

👍👍👍👍👍Section 80P(2)(d) deduction: Co-op Society Eligible to claim on Interest Income from FDR with Co-op Bank

https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html lipped from: https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO (ITAT Ahmedabad) The case of Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO, adjudicated

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