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Non-deposit of LTCGs in designated account will not result in denial of tax sop for purchase of new house: ITAT, ET RealEstate

ITAT: Under section 54 of the Income-tax (I-T) Act, long-term capital gains (LTCGs) arising to an individual from sale of a residential property are exempt to the extent that such gains are invested towards purchase or construction of a new residential house, within the prescribed time. ....

Sankalp Malik , Income Tax Appellate Tribunal , Principal Commissioner , Income Tax Appellate Tribunal , Ncome Tax In Property Purchase , Income Tax , Long Term Capital Gains ,

ITAT: ITAT: Non-deposit of LTCGs in designated account will not result in denial of tax sop for purchase of new house

India Business News: The Income-tax Appellate Tribunal (ITAT) in Delhi has overturned a revisionary order by the Principal Commissioner of Income-tax, stating that the non ....

Sankalp Malik , Income Tax Appellate Tribunal , Principal Commissioner , Business News , Tax Sop , New House ,

Addition For Deemed Dividend Made Can Be Done In Hands Of Shareholder Only: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that addition for a deemed dividend made under Section 2(22)(e) of the Income Act can be done in the hands of the shareholder only.The. ....

Sapna Bhatia , Delhi Bench , Income Tax Appellate Tribunal , Income Act , Yogesh Kumar , Judicial Member , Shamim Yahya , Accountant Member , Assessing Officer , For Appellant , Deemed Dividend ,

ITAT Deletes Penalty For Default In Not Deducting TDS On Foreign Remittances

The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty levied for default in not deducting TDS on foreign remittances.The bench of Sandeep Gosain (Judicial Member) and Rathod. ....

Rathod Kamlesh Jayantbhai , Consulting Service , Practice Anesthesia Billing Software , Jaipur Bench , Income Tax Appellate Tribunal , Sandeep Gosain , Judicial Member , Accountant Member , Income Tax Act , Software License , Set Up Charge , For Appellant , Foreign Remittances ,

Prior Sanction Of Approval From Competent Authority Mandatory Before The Reopening Of Assessment: ITAT

The Dehradun Bench of the Income Tax Appellate Tribunal (ITAT) has held that prior sanction of approval under Section 151 of the Income Tax Act from the competent authority is mandatory before the. ....

Sanjay Malik , Dehradun Bench , Income Tax Appellate Tribunal , Income Tax Act , Kul Bharat , Judicial Member , Accountant Member , For Appellant , Prior Sanction , Eopening Assessment ,