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New and Old Tax Regimes in India: A Comparative Analysis
The new tax regime, which will be the default form of taxation, will have lower tax rates but do away with certain exemptions and deductions, in...
![ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-addition-Derivative-transaction-taxscan-1.jpg "ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]")
Section 56(2)(vii)(b) of Income Tax Act Applies to "Individual" and "HUF" and not Company: ITAT quashes Revision Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the provision of section 56(2)(vii)(b) of the Income Tax Act and submitted that it applies to “individual” and “HUF” and not to a...
![Section 56(2)(vii)(b) of Income Tax Act Applies to Individual and HUF and not Company: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-Individual-HUF-not-Company-ITAT-quashes-Revision-Order-taxscan.jpg "Section 56(2)(vii)(b) of Income Tax Act Applies to Individual and HUF and not Company: ITAT quashes Revision Order [Read Order]")
![TDS Credit Allowable to HUF for Sale of Housing Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-TDS-Credit-Allowable-to-HUF-for-Sale-of-Housing-Property-TDS-Credit-TDS-HUF-Sale-of-Housing-Property-Housing-Property-Taxscan.jpg "TDS Credit Allowable to HUF for Sale of Housing Property: ITAT [Read Order]")
![Death of Assessee shall not abate Income Tax Appellate Proceedings as per Rule 26:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Ahmedabad-Assessee-Income-Tax-taxscan.jpg "Death of Assessee shall not abate Income Tax Appellate Proceedings as per Rule 26:ITAT [Read Order]")
HUF is “Person” Liable for getting Its Accounts Audited: ITAT Allows Benefit of Extending Date Explanation 2(a)(ii) to S. 139(1) IT Act [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently while allowing the benefit of extending date as per explanation 2(a)(ii) to section 139(1) Income Tax Act 1961...
![HUF is “Person” Liable for getting Its Accounts Audited: ITAT Allows Benefit of Extending Date Explanation 2(a)(ii) to S. 139(1) IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/HUF-Liable-Accounts-Audited-ITAT-Benefit-ITAT-Allows-Benefit-Extending-Date-Explanation-IT-Act-Income-Tax-Income-Tax-Act-taxscan.jpg "HUF is “Person” Liable for getting Its Accounts Audited: ITAT Allows Benefit of Extending Date Explanation 2(a)(ii) to S. 139(1) IT Act [Read Order]")
![Contravention of S. 269SS for Sale of Property for HUF: ITAT Upholds Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Contravention-Sale-of-Property-HUF-ITAT-Penalty-Taxscan.jpg "Contravention of S. 269SS for Sale of Property for HUF: ITAT Upholds Penalty u/s 271D [Read Order]")