Cost of Improvement on Farm Land Allowable; Section 54F Exemption to Be Computed on Actual Sale Consideration, Not Section 50C Value: ITAT Chennai
Bombay HC set aside the income-tax demand and refund adjustment as the Department failed to produce and prove service of Section 143(1) intimation.
ITAT Delhi quashed the assessment after holding that the Section 143(2) notice was issued by an Assessing Officer lacking jurisdiction under CBDT Instruction No. 01/2011.
ITAT Delhi quashed Section 148 reassessment as separate transactions could not be aggregated to meet the ₹50 lakh threshold under Sections 149(1)(b) and 149(1A).
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Ahmedabad ITAT quashed reassessment where the Assessing Officer relied on red-flagged information without independent inquiry under Section 148A.
ITAT Pune deleted capital gains holding no transfer occurred under Sections 2(47)(v) or 2(47)(vi) as no possession or consideration was received.
Chhattisgarh HC quashed Section 148A(b), Section 148A(d) and Section 148 proceedings after the Assessing Officer skipped the approved Section 148A(a) inquiry.
A valid transferee of a mining lease was entitled to all rights and benefits available to the original lessee, and the State could not deny such benefits contrary to binding earlier judicial decisions.
ROC Cuttack imposed penalties under Section 450 for delayed filing of Form PAS-6 under Rule 9A despite subsequent compliance with filing requirements.
