![More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/More-than-one-Property-Capital-Gain-Deduction-us-54-Income-Tax-Act-ITAT.jpg "More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]")
More than one Property under Capital Gain could get Deduction u/s 54 of Income Tax Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that more than one property under the heads of capital gain would get...
![‘Security Premium Reserve’ cannot be Included in Accumulated Profit for Computing Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Security-Premium-Reserve-Accumulated-Profit-Computing-Deemed-Dividend-ITAT-Taxscan.jpg "‘Security Premium Reserve’ cannot be Included in Accumulated Profit for Computing Deemed Dividend: ITAT [Read Order]")
![Continuation of Provisional Attachment in Income Tax Proceedings: Gujarat HC quashes unjust exercise of S.281(B) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Provisional-Attachment-Income-Tax-Gujarat-HC-taxscan.jpg "Continuation of Provisional Attachment in Income Tax Proceedings: Gujarat HC quashes unjust exercise of S.281(B) [Read Order]")
![Sympathy Not A Ground to Condone Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Sympathy-Condone-Delay-ITAT-Income-Tax-taxscan.jpg "Sympathy Not A Ground to Condone Delay: ITAT [Read Order]")
One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) has held that one percentage disallowance is reasonable on fraudulent Capital gain obtained by manipulating stock broker Dineshkumar R....
![One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Fraudulent-Capital-Gain-Capital-Gain-Fraudulent-Manipulating-Stock-Broker-Stock-Broker-ITAT-taxscan.jpg "One percentage Disallowance is reasonable on Fraudulent Capital Gain obtained by Manipulating Stock Broker: ITAT [Read Order]")
Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]
A division bench of the Bombay High Court has held that the expenses incurred in respect of the development of an abandoned software would be eligible for income tax deduction as the same constitute...
![Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Software-Development-of-Software-Income-Tax-Deduction-Deduction-Income-Tax-Tax-Bombay-High-Court-taxscan.jpg "Expenses towards Development of Abandoned Software Eligible for Income Tax Deduction: Bombay HC [Read Order]")
![Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reassessment-Notice-Kerala-HC-Income-Tax-Reassessment-taxscan.jpg "Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order]")
No 'Occasion' required for 'Gift' under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]
While delivering an assessee-friendly ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that there is no occasion required for “gift” under the Income Tax Act, 1961. The...
![No Occasion required for Gift under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gift-Income-Tax-Law-Income-Tax-ITAT-Gift-from-NRI-Brother-taxscan.jpg "No Occasion required for Gift under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]")
Late Filing of Returns during Re-Assessment Only to Frustrate Time Limit: Bombay HC Upholds Proceedings [Read Order]
The High Court of Bombay at Goa has recently upheld the re-assessment proceedings by the income tax department finding that the late filing of income tax returns by the assessee was with an intention...
![Late Filing of Returns during Re-Assessment Only to Frustrate Time Limit: Bombay HC Upholds Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Late-Filing-of-Returns-Re-Assessment-Frustrate-Time-Limit-Bombay-HC-taxscanProceedings.jpg "Late Filing of Returns during Re-Assessment Only to Frustrate Time Limit: Bombay HC Upholds Proceedings [Read Order]")