![Subsequent Conversion by Purchaser Does Not Change Character of Agricultural Land Sold by Assessee: ITAT says No Capital Gain Tax Attracted [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086042-purchase-agricultural-property-sale-agricultural-property-agricultural-property-sale-deductible-itat-income-tax-taxscan.webp "Subsequent Conversion by Purchaser Does Not Change Character of Agricultural Land Sold by Assessee: ITAT says No Capital Gain Tax Attracted [Read Order]")
Subsequent Conversion by Purchaser Does Not Change Character of Agricultural Land Sold by Assessee: ITAT says No Capital Gain Tax Attracted [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, dismissed Revenue’s appeal ruling that subsequent conversion by the purchaser does not...
![Higher Turnover in Books of Accounts Can Be Considered for Service Tax Liability, But Only if Figures Reflect Value of Taxable Services: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086045-service-tax-liability-taxable-services-cestat-taxscan.webp "Higher Turnover in Books of Accounts Can Be Considered for Service Tax Liability, But Only if Figures Reflect Value of Taxable Services: CESTAT [Read Order]")
![DRAT sets aside Sale not held under Provisions of SARFAESI Act, Directs LIC Housing Finance to Refund Sale Consideration [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086049-lic-finance-taxscan.webp "DRAT sets aside Sale not held under Provisions of SARFAESI Act, Directs LIC Housing Finance to Refund Sale Consideration [Read Order]")
Eligibility for S. 80P Deduction Depends on Primary Business of Cooperative Society, Not Incidental Dealings with Non-Members: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the eligibility for deduction under Section 80P must be determined with reference to the primary business activity of the...
![Eligibility for S. 80P Deduction Depends on Primary Business of Cooperative Society, Not Incidental Dealings with Non-Members: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086030-2051537-itat-itat-rajkot-section-80p-deduction-taxscan.webp "Eligibility for S. 80P Deduction Depends on Primary Business of Cooperative Society, Not Incidental Dealings with Non-Members: ITAT [Read Order]")
2002.26 gm Gold Bar Smuggling Case: Manipur HC dismisses Revenue's appeal as Value falls Below Threshold Limit of Rs. 1 Cr [Read Order]
In a recent case on 2002.26-gram gold bar smuggling, the High Court of Manipur dismissed the Revenue's appeal as the value fell below the threshold limit of Rs 1 Crore. It was viewed that since ...
![2002.26 gm Gold Bar Smuggling Case: Manipur HC dismisses Revenues appeal as Value falls Below Threshold Limit of Rs. 1 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086032-gold-bar-smuggling-taxscan.webp "2002.26 gm Gold Bar Smuggling Case: Manipur HC dismisses Revenues appeal as Value falls Below Threshold Limit of Rs. 1 Cr [Read Order]")
CIT(A) Holds Property Sale to Partner’s Son Genuine but Disallowed Indexed Interest Claim: ITAT sets aside Order for Verification [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore Bench, sets aside an order to the income tax department’s Assessing officer for verification of the issue of disallowance of indexed interest ...
![CIT(A) Holds Property Sale to Partner’s Son Genuine but Disallowed Indexed Interest Claim: ITAT sets aside Order for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086026-property-sale-taxscan.webp "CIT(A) Holds Property Sale to Partner’s Son Genuine but Disallowed Indexed Interest Claim: ITAT sets aside Order for Verification [Read Order]")
DRAT Dismisses Appeal against Federal Bank due to failure in pre-depositing 25% of Total Amount [Read Order]
In a recent case, the Debt Recovery Appellate Tribunal (DRAT) Chennai dismissed the appeal filed against the Federal Bank Ltd, on finding that the appellant failed to comply with the order by the...
![DRAT Dismisses Appeal against Federal Bank due to failure in pre-depositing 25% of Total Amount [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086001-federal-bank-taxscan.webp "DRAT Dismisses Appeal against Federal Bank due to failure in pre-depositing 25% of Total Amount [Read Order]")
Procter & Gamble Not Liable to Pay 18% Interest on Profiteered Amount as it Happened in 2018: GSTAT [Read Order]
In a recent ruling, the Delhi Bench of the Goods and Services Tax Appellate Tribunal held that Procter & Gamble is not liable to pay 18% interest on the profiteered amount since the profiteering...
![Procter & Gamble Not Liable to Pay 18% Interest on Profiteered Amount as it Happened in 2018: GSTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085966-gstat-procter-gamble-not-liable-taxscan.webp "Procter & Gamble Not Liable to Pay 18% Interest on Profiteered Amount as it Happened in 2018: GSTAT [Read Order]")
Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court allows appeal under IBC, Directs to hand over possession [Read Order]
The Supreme Court in ruling being a relief to the plight of individual homebuyers who invest life savings to secure a home, allowed the appeal under the Insolvency and Bankruptcy Code, 2016(IBC)...
![Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court allows appeal under IBC, Directs to hand over possession [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085955-relief-to-plight-of-individual-homebuyers-secure-home-supreme-court-taxscan.webp "Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court allows appeal under IBC, Directs to hand over possession [Read Order]")