![Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077407-return-income-taxscan.webp "Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]")
Sale proceeds Mistakenly recorded in CGDS Account: Meghalaya HC directs Assessee to file revised Return [Read Order]
The Meghalaya High Court directed the assessee to file the revised return rectifying the mistake made of recording sale proceeds in Capital Gain...
![Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050452-exemption-site-img.webp "Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]")
![Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043119-capital-gain-itat-mumbai-gift-property-share-taxscan.webp "Gift of Property Share from Husband to Wife Eligible for Capital Gain Exemption, But Clubbing and Capital Gains Rules Apply: Rules ITAT [Read Order]")
![[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/Income-Tax-Return-ITR-CBDT-Revised-ITR-Forms-1-and-4-TAXSCAN.jpg "[BREAKING] Income Tax Return: CBDT notifies Revised ITR Forms 1 and 4 [Read Notification]")
Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as 'Capital Gain': Kerala HC [Read Order]
In a recent ruling, the Kerala High Court has ruled that the interest received on delayed compensation for compulsory agricultural land acquisition will be treated as Capital Gain as it is an accrual...
![Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as Capital Gain: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Capital-Gain-1.jpg "Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as Capital Gain: Kerala HC [Read Order]")
Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]
In a significant ruling, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee is still eligible for a deduction under Section 54F of the Income Tax Act, 1961, even if...
![Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Pune-Section-54F-Income-Tax-Deduction-TAXSCAN.jpg "Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]")
Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]
In a recent ruling, the Delhi High Court quashed Rs. 2,000 crore income tax noticeby the Income Tax Department against Maruti Suzuki India Ltd. (the petitioner), holding that the reassessment notice...
![Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delhi-High-Court-Income-Tax-Notice-Income-Tax-Maruti-Suzuki-case-updates-TAXSCAN.jpg "Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]")
Budget 2025 Proposes Extension of Special Tax Exemptions for Global Sovereign Wealth and Pension Funds Investing in Infrastructure
The Union Budget 2025 has introduced important changes to encourage foreign investment in India’s infrastructure sector. The government has extended the deadline for Sovereign Wealth Funds (SWFs) and...
