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Income Tax Dept conducts Searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights, and Real Estate Groups
The Income Tax Department conducted a search and seizure operation on a leading automobile manufacturer group along with a company operating...
![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]](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]](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]")
Interest Received by Builder on Temperary Deposits from Purchasers constitute Business Incomes: ITAT allows Deduction
The ITAT Mumbai held that interest received by the property developer, on temporary deposits of surplus money out of advances received by from intending purchases was business incomes and not income...
