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Penalty Order On Ground Of Misreporting Of Income Not Justified When SCN And Assessment Order Alleged Under-Reporting: ITAT - Vimarsana News

Penalty Order On Ground Of Misreporting Of Income Not Justified When SCN And Assessment Order Alleged Under-Reporting: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty order on the ground of misreporting of income was not justified when show cause notice and the assessment order...

Source: livelaw.in
Notion Of Earning 90% Profit Is Unimaginable, Is Contractual Loot Under Guise Of Alleged Development Activities: ITAT - Vimarsana News

Notion Of Earning 90% Profit Is Unimaginable, Is Contractual Loot Under Guise Of Alleged Development Activities: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the notion of earning 90% profit is unimaginable and is contractual loot under the guise of alleged development activities.The...

Source: livelaw.in
S. 54F Exemption Not Available On Property Predominantly Being Used For Religious Purposes: ITAT - Vimarsana News

S. 54F Exemption Not Available On Property Predominantly Being Used For Religious Purposes: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that exemption under Section 54F of the Income Tax Act is not available on property predominantly being used for religious...

Source: livelaw.in
Long-Term Capital Gain Can't Be Claimed Without Owning Flats for At Least 3 years: ITAT - Vimarsana News

Long-Term Capital Gain Can't Be Claimed Without Owning Flats for At Least 3 years: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that long-term capital gain cannot be claimed without owning flats for at least 3 years.The bench of R.K. Panda (Vice President)...

Source: livelaw.in
SGPC gets recognition for Income Tax exemption - Vimarsana News

SGPC gets recognition for Income Tax exemption

GS PaulTribune News ServiceAmritsar, August 17 After 37 years, the SGPC has been awarded recognition for Income Tax Exemption under section 80-G, authorities said on Tuesday. This will enable the do