![Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Reassessment-Income-Tax-Act-High-Court-notice-for-Reassessment.jpeg "Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]")
Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]
A division bench of the Bombay High Court while setting aside the notice issued for reassessment under section 148 of Income Tax Act, 1961 held...
![Eviction Charges paid are allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Eviction-charges-business-expenditure-ITAT-taxscan.jpeg "Eviction Charges paid are allowable as Business Expenditure: ITAT [Read Order]")
![There is No Presumption in Law that Everyone Knows the Law: Illiterate & People who Rarely coming in Touch with law shall be Excused, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Law-Illiterate-ITAT-taxscan.jpeg "There is No Presumption in Law that Everyone Knows the Law: Illiterate & People who Rarely coming in Touch with law shall be Excused, rules ITAT [Read Order]")
Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT)has held that the sale consideration received by a real estate agent towards the sale of property shall be treated as business income...
![Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Property-Real-Estate-Agent-Business-Income-ITAT-Taxscan.jpeg "Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]")
Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]
The Supreme Court upheld the constitutional validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers. According to the amended Section 3,...
![Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Supreme-Court-Insolvency-and-Bankruptcy-Code-Amendment-Act-home-buyers-Taxscan.jpg "Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]")
CBI files Chargesheet against 24 Accused including Chartered Accountant for Causing an Alleged Loss of Rs.297.80 cr to Bank
The Central Bureau of Investigation has today filed a charge sheet before Special Judge for CBI Cases, Mumbai against 24 accused including a private company based at Mumbai; its Director; Chartered...
![CBDT notifies Income Tax Exemption to Goa and Telangana State RERA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/CBDT-RERA-Real-Estate-Taxscan.jpg "CBDT notifies Income Tax Exemption to Goa and Telangana State RERA [Read Notification]")
ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]
In a recent order granting relief to the leading industry body, the Confederation of Real Estate Developers Association of India (CREDAI), the Bangalore bench of the Income Tax Appellate Tribunal...
![ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/CREDAI-ITAT-real-estate-Income-Tax-Taxscan.jpeg "ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]")
