![Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/madras-High-Court-Madras-HC-Property-Sale-Ancestral-Property-Sale-Widow-to-Deposit-HC-Orders-pre-deposit-TAXSCAN.jpg "Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]")
Madras HC Orders Widow to Deposit ₹2.5 Lakh Against ₹57.7 Lakh Demand as pre-deposit on Income from Ancestral Property Sale [Read Order]
In a recent decision, the Madras High Court has directed a widow to deposit ₹2.5 lakh as pre-deposit against a demand of ₹57.7 lakh raised by the...
![S.68 Invocable Only If Taxpayer Maintain Books: ITAT deletes Addition as Returns Filed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Amritstar-Income-Tax-Appellate-Authority-Section-68-Income-Tax-Act-ITAT-Deletes-Addition-taxscan.jpg "S.68 Invocable Only If Taxpayer Maintain Books: ITAT deletes Addition as Returns Filed u/s 44AD [Read Order]")
![Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Income-Tax-Income-Tax-Settlement-Commission-ITSC-TAXSCAN.jpg "Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]")
![Section 14A Amendment Clarification Is Not Retrospective If It Alters Existing Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-ITAT-Law-TAXSCAN.jpeg "Section 14A Amendment Clarification Is Not Retrospective If It Alters Existing Law: ITAT [Read Order]")
Failure to Prove University's Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]
Recently in a ruling, the Chhattisgarh High Court quashed the Revenue’s denial of a university's application for income tax exemption under Section 10(23C)(vi) of the Income Tax Act, 1961 ( ITA ),...
![Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Claim-Income-tax-exemption-TAXSCAN.jpg "Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]")
‘If One Can, Why Not Others?’: Madras HC criticises Income Tax Dept Counsels Over Late Filing of Counter Affidavits, Directs Dept to Cooperate [Read Order]
The Madras High Court, in general, has commented on the frequent adjournments of the matters for filing counter affidavits from time to time by the counsels of the income tax department. In contract,...
![‘If One Can, Why Not Others?’: Madras HC criticises Income Tax Dept Counsels Over Late Filing of Counter Affidavits, Directs Dept to Cooperate [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-HC-criticises-Income-Tax-Dept-Counsels-Counter-Affidavits-Dept-to-Cooperate-TAXSCAN.jpg "‘If One Can, Why Not Others?’: Madras HC criticises Income Tax Dept Counsels Over Late Filing of Counter Affidavits, Directs Dept to Cooperate [Read Order]")
Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]
In a recent judgement, The Delhi High Court ruled that rental income from a factory building is classified as income from house property and is eligible for deductions under Section 24 of the Income...
![Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-House-Property-Rental-Income-Building-Tax-Taxscan.jpg "Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]")
Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]
While dismissing the petition, the Madras High Court ordered the Income Tax Department to review the replies filed by the petitioner-assessee to determine the prosecution viability on the belated...
![Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Madras-High-Court-Income-Tax-Department-TDS-Remittance-Taxpayer-taxscan.jpeg "Belated Income Tax TDS Remittance: Madras HC Orders Dept to Review Taxpayer’s Response to Determine Prosecution Viability [Read Order]")
Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest income earned from deposits with co-operative banks qualifies for a deduction under Section 80P(2)(d) of the Income...
![Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Interest-Income-Interest-Income-from-Deposits-Co-operative-Banks-Income-Tax-Act-under-Section-80P2d-of-the-Income-Tax-Act-ITAT-news-taxscan.jpg "Interest Income from Deposits with Co-operative Banks qualifies for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal(ITAT)ordered for fresh adjudication after an email communication error led to the non-appearance of the assessee, before the Commissioner of...
![Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Kerala-HC-Income-Tax-Notice-Email-SMS-taxscan.jpg "Email Communication Error Leads to Non-Appearance Before CIT(A): ITAT directs Fresh Adjudication [Read Order]")
![S.80P(4) of Income Tax Act only excludes Co-op Banks Functioning as Commercial Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Mumbai-Income-tax-Income-tax-act-commercial-banks-Co-operative-banks-TAXSCAN.jpg "S.80P(4) of Income Tax Act only excludes Co-op Banks Functioning as Commercial Banks: ITAT [Read Order]")