TDS on Faculty Payments: Salary Under Section 192 or Professional Fees Under Section 194J? ITAT Cochin Clarifies the Law
TDS on Faculty Payments: Salary Under Section 192 or Professional Fees Under Section 194J? ITAT Cochin Clarifies the Law Keywords: TDS on faculty payments, Section 192 vs Section 194J, coaching institute TDS, consultant vs employee, employer-employee relationship, professional fees under Section 194J, ITAT Cochin judgment, faculty consultants income tax, contract of service vs contract for service,… […]
F&O Traders, Beware! One Wrong ITR can cost more than One Bad Trade
F&O Traders, Beware! One Wrong ITR can cost more than One Bad Trade F&O trading is one of the few businesses where investors often lose money first and then discover that tax compliance is another challenge waiting for them! Futures & Options (F&O) trading has witnessed explosive growth in recent years. Mobile trading… […]
Can Section 263 Be Invoked When There Is No Tax Loss to the Revenue? ITAT Kolkata Reiterates the Twin Conditions of Revision
Can Section 263 Be Invoked When There Is No Tax Loss to the Revenue? ITAT Kolkata Reiterates the Twin Conditions of Revision Keywords: Section 263 Income Tax Act, revision under Section 263, erroneous and prejudicial to revenue, Section 80IA deduction, ITAT Kolkata Section 263, Commissioner revision powers, no prejudice to revenue, twin conditions Section 263, deduction… […]
Section 54F Relief Available Even for Extension of an Existing House? Bangalore ITAT Says Yes
Section 54F Relief Available Even for Extension of an Existing House? Bangalore ITAT Says Yes Keywords: Section 54F construction, Section 54F existing house, structural additions Section 54F, home extension capital gains exemption, Bangalore ITAT Section 54F, construction of residential house, Section 54F latest judgment, capital gains exemption for house renovation, B.S. Shanthakumari case, engineer certificate Section… […]
Legal Heir Is Not Always the Legal Representative: ITAT Agra Quashes Assessment Passed Without Proper Compliance Under Section 159
Legal Heir Is Not Always the Legal Representative: ITAT Agra Quashes Assessment Passed Without Proper Compliance Under Section 159 Keywords: legal heir vs legal representative, Section 159 Income Tax Act, assessment after death, notice to deceased person, ITAT Agra legal heir case, Chandrawati Devi vs ITO, assessment of deceased person, legal representative income tax, Section 159(4),… […]
Section 56(2)(x): Can Stamp Duty Value on Registration Date Trigger Tax Even When the Property Deal Was Finalised Years Earlier? ITAT Ahmedabad Says No
Section 56(2)(x): Can Stamp Duty Value on Registration Date Trigger Tax Even When the Property Deal Was Finalised Years Earlier? ITAT Ahmedabad Says No Keywords: Section 56(2)(x), stamp duty value, Jantri value, earlier agreement to sell, Banakhat, property registration, ITAT Ahmedabad, Section 56(2)(x) case law, banking channel payments, property purchased below stamp duty value,… […]
Sold Multiple Houses in the Same Year? ITAT Bangalore Rules Section 54 Exemption Is Available for Each House Separately
Sold Multiple Houses in the Same Year? ITAT Bangalore Rules Section 54 Exemption Is Available for Each House Separately Keywords: Section 54 multiple houses, Section 54 exemption on multiple property sales, Bangalore ITAT Section 54, one residential house Section 54, capital gains exemption multiple houses, Section 54 Finance Act 2014, LTCG exemption, residential house capital… […]
Wrong Income Tax Officer? Entire Reassessment Can Be Quashed – Why Your Returned Income Decides Your Jurisdiction
Wrong Income Tax Officer? Entire Reassessment Can Be Quashed – Why Your Returned Income Decides Your Jurisdiction Keywords: Income Tax jurisdiction, CBDT Circular No. 1/2011, reassessment invalid, notice under Section 148, notice under Section 143(2), wrong Assessing Officer, ACIT jurisdiction, DCIT jurisdiction, returned income and jurisdiction, ITAT Delhi, Ashok Devichand Jain case, invalid reassessment. Your… […]
Can You Claim Section 54 Exemption for Multiple Floors in One Redeveloped Building? ITAT Mumbai Gives a Big Relief
Can You Claim Section 54 Exemption for Multiple Floors in One Redeveloped Building? ITAT Mumbai Gives a Big Relief Keywords: Section 54 redevelopment, multiple floors Section 54, one residential house under Section 54, redevelopment agreement tax, ITAT Mumbai Section 54, capital gains on redevelopment, indexed cost of acquisition, redevelopment capital gains, Seeta Nayyar ITAT, redevelopment… […]
Can Income Tax Additions Be Made Solely on Third-Party Evidence? ITAT Mumbai Says No – A Landmark Judgment Every Taxpayer Must Know
Can Income Tax Additions Be Made Solely on Third-Party Evidence? ITAT Mumbai Says No – A Landmark Judgment Every Taxpayer Must Know Keywords: Third-party evidence under Income Tax Act, ITAT Mumbai Suraj Kumar case, builder confession income tax, Excel sheet evidence, cross-examination in income tax, natural justice, bogus purchase cases, accommodation entries, hawala transactions, property… […]
