ITAT Bangalore held that claiming of amortised upfront fees i.e. 1/5th of the upfront fees paid is not allowable since the entire amount is already claimed as deduction. Accordingly, ground raised by revenue/department is allowed.
The issue was whether sale involved only land or land with a residential house. The Tribunal ruled that the property sold included a residential structure, entitling the assessee to Section 54 exemption upon deposit in the capital gains scheme.
The issue was whether refunds can be averaged across months. The key takeaway is that IDS refunds are strictly tax-period specific under GST law.
Delhi High Court held that mere delay in the pronouncement of a judgment, by itself, is not sufficient to invalidate the decision of Debts Recovery Appellate Tribunal [DRAT]. Accordingly, judgement of DRAT upheld and petition dismissed.
ITAT Indore held that addition under section 69A of the Income Tax Act towards unexplained deposit is unsustainable in law since the nature and source of the deposit is sufficiently explained. Accordingly, the appeal is allowed and addition u/s. 69A is deleted.
This explains why many crypto exchanges stall despite securing licenses. The key takeaway is that execution after approval matters more than licensing itself.
This examines why deductions under section 80GGC are being questioned in assessments. The key takeaway is that compliance with statutory conditions and procedural safeguards protects genuine claims.
This explains how an HUF is recognised as a separate taxable entity and how it is taxed. The key takeaway is that HUF remains a lawful and effective tax planning structure when used correctly.
This explains how SWPs create regular income while keeping capital invested. It highlights why calculators help structure assumptions around withdrawals and tenure.
The case analysis explores whether India’s anti-money laundering framework is effective despite comprehensive legislation. Courts have adopted a tougher stance, but enforcement gaps and evolving methods dilute deterrence. The key takeaway is the need for stronger implementation and regulatory coordination.
