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Tax Benefit

ITAT Grants Section 80IA Deduction, Recognizes Infrastructure Development Role [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal ( ITAT ) Mumbai has ruled in favor of Patil Construction and Infrastructure Ltd., allowing deductions under Section...

Income Tax 80C Deduction Due Diligence: Last date for ELSS Investments for FY 2023-24 ends Today!

Budget 2024: Income Tax Standard Deduction Expectations

Tax Exemptions for Start-Ups - Start-Ups - Tax Exemptions - tax news - business world - taxscan

Funding your Dream: Tax Exemptions for Start-Ups

Valuation of Agricultural Land as ‘Non-Agricultural’ by for Stamp Papers Not a Ground to Deny Tax...

GST Evasion: Patiala House Court refuses to grant Anticipatory Bail to person accused of Fraudulently availing ITC and committed fraud to tune of Rs. 45 Cr [Read Order]

The Delhi Court refused to grant Anticipatory Bail to a person accused of fraudulently availing ITC and committed fraud to the tune of Rs. 45 Crores. The applicant, Sourav Gupta filed the...

ITAT confirms disallowance against Nike India: Burden of Expenditure for New Product Samples is on manufacturer, Wholesaler can’t claim Tax benefit [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the burden of expenditure for new product samples is on the manufacturer, so the wholesaler can not claim the tax benefit. The...

Tax Benefit allowable for Selling Multiple Flats to Buy New One: ITAT [Read Order]

In a significant ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that tax benefit under section 54 of the Income Tax Act is available to the assessee for selling...

Wife eligible for Tax Benefit for Investment made in the Joint name of Husband: ITAT [Read Order]

“In a male dominating society, the investment made in the name of the husband is also to be considered as an investment.” - Income Tax Appellate Tribunal. The Chennai bench of the Income Tax...

Tax Benefit available for Property purchased in Wife’s Name: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that the tax benefit under section 54 of the Income Tax Act is allowable to an assessee on purchasing a new house in the...

Tax Benefit available to Compulsory Acquisition of Urban Agricultural Land: ITAT [Read Order]

The Cochin bench of the Income Tax Appellate Tribunal (ITAT) in Income Tax Officer versus Smt.Girijakumari M held that tax benefit under Section 10 (37) of the Income Tax Act are available to...

Tax Benefit available to Multiple Flats received under Joint Development Agreement even if Assessee already own a Residential House: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the Tax benefit under section 54F of the Income Tax Act is available to assessee in respect of multiple flats received under...