The ITAT Delhi addressed cross-appeals in Amit Gupta vs. ACIT, ruling on Section 54B deduction based on extended return filing dates and clarifying Section 54F exemption for jointly owned property.
Explore how board size influences corporate performance. This analysis examines various theories and empirical findings on board size, strategic change, risk, investment, and dividend policies.
ITAT Jaipur clarifies Section 54F, ruling that booking a flat doesn’t equal ownership for exemption conditions. A key verdict on capital gains tax relief.
ITAT Cochin examines capital gains exemption validity under Section 54F and remands agricultural income assessment for re-evaluation.
KSCAA urges Union Finance Minister to reform Black Money Act (BMA) penalties. Sug-gestions include amnesty, proportional fines, higher thresholds, and a ‘reasonable cause’ test for taxpayers.
Madras High Court rules GST appeal limitation period begins from the physical dispatch date of the assessment order, not the order date. Appeal rejected for delay now to be heard on merits.
Supreme Court outlines mandatory steps for income tax reassessment, requiring AO to provide reasons and dispose of objections before assessment.
The Calcutta High Court ruled that taxpayers cannot be prejudiced by inadequate information in GST refund deficiency memos, allowing re-filing of applications.
Learn about the legal requirements and EPFO expectations regarding Nil IW-1 return filing under the EPF Scheme, 1952, for establishments without International Workers.
Learn to effectively handle faceless income tax scrutiny assessments. This guide covers notice receipt, timely response submission with proper documentation, detailed expense and loan reporting, and responding to show-cause notices for a smooth assessment process.
