Fidha Lulu K G
Case Digest: Capital gain on Property (Part -3)
Profits or gains arising from the transfer of an immovable property, held as a capital asset, are taxed under the head "Capital Gains”. The incidence...
![ITAT Orders Reassessment after Assessee Inadvertently Files ITR in Wrong Form [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/tax-return.jpg "ITAT Orders Reassessment after Assessee Inadvertently Files ITR in Wrong Form [Read Order]")
Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently remanded the matter to CIT(A) due to non-consideration of valuation and Jantri value for determining the nature of sold land. ...
![Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/sold-land-1.jpg "Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]")
ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the retrospective determination of annual letting value of unsold residential units based on prospective amendment by the...
![ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Retrospective-Determination-of-Annual-Letting-Value-of-Unsold-Residential-Units-based-on-Prospective-Amendment-TAXSCAN.jpg "ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]")
![No Penalty u/s 271D if Reasonable Cause shown by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Reasonable-Cause-shown-by-Assessee-ITAT-Assessee-Reasonable-Cause-Taxscan.jpg "No Penalty u/s 271D if Reasonable Cause shown by Assessee: ITAT [Read Order]")
![ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-disallows-Deduction-ITAT-disallows-Deduction-Late-Submission-of-Return-Submission-of-Return-taxscan.jpg "ITAT disallows Deduction under Section 80P Due to Late Submission of Return [Read Order]")
![ITAT upholds Addition Due to Inadequate Maintenance of Books of Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Addition-Due-Inadequate-Maintenance-of-Books-of-Accounts-TAXSCAN.jpg "ITAT upholds Addition Due to Inadequate Maintenance of Books of Accounts [Read Order]")
ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed interest on refund under Section 244A of the Finance Act 2016 as a matter of fairness and equity. Upon perusal of the...
![ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Allows-Interest-on-Refund-Interest-on-Refund-Interest-Refund-Finance-Act-Equity-Taxscan.jpg "ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]")
Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer to re-adjudicate the case regarding the addition of a loan amount as an outstanding balance. The...
![Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/loan-Amount-as-Outstanding-Balance-Proper-Evidence-Documents-ITAT-Re-adjudicate-Addition-of-loan-Amount-taxscan.jpg "Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate [Read Order]")