Sitharaman The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Shri Narendra Modi on 28 th August 2014, ...
State of U.P., the Allahabad High Court reviewed a dispute over the assessment of stamp duty on agricultural land in Jhansi.
“1. The action of the learned Commissioner of Income Tax (Appeal) (NFAC), New Delhi in passing the order under section 250 of the Income Tax Act, 1961, against the assessee is unjust, arbitrary and ...
Consequently, the Petitioner was arrested on orders passed by Commissioner of State Tax. The Petitioner sought regular bail ...
Supreme Court held that High Court was bereft of the power to quash a case under Section 138 of the Negotiable Instruments Act, using the powers inherent to it under Section 482 of the Code of ...
The Finance Act, 2024, brought significant changes to the long-term capital gains (LTCG) tax on real estate sales. Notably, the LTCG tax rate on the sale of ...
ITAT Ranchi held that dismissal of appeal by CIT (A) on account of non-prosecution without deciding the matter on merits is unsustainable in law. Accordingly, matter remanded back for de novo ...
ITAT Ahmedabad held that addition on account of interest income earned on fixed deposits from Banks and rental income earned by the Society are eligible to set off of maintenance expenses. Thus, ...
ITAT Delhi held that revenue has wrongly proceeded on mis-appreciation of facts of substantive nature as purchase of property wrongly alleged by AO as sale of property. Thus, matter remanded back to ...
Delhi High Court held that as directed by Tribunal AO was required to verify and attend grievance of short credit of TDS. Thus, restricting TDS claim of petitioner to disclosures made in return ...
ITAT Nagpur held that once the computation of income is approved by the assessee before CIT (A) the same cannot be argued against the Tribunal. Accordingly, computation of income directed by CIT (A) ...
Rajasthan High Court held that since reassessment order is distinct and different, the period of limitation for exercising powers u/s. 263 of the Income Tax Act would be the date of original ...