Understand taxation of immovable property sale by non-residents with insights from Income Tax Department. Explore capital gains calculation, deductions, TDS requirements, and repatriation rules for a seamless property transaction.
Bharatiya Nyaya Sanhita, 2023 received the assent of the President on the 25th December, 2023. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Sanhita.
Explore the Ravinder Kumar vs ITO case at ITAT Delhi. Learn how the tribunal allowed capital gain deduction under section 54B for agricultural land purchased in the name of the spouse.
Kerala High Court dismisses a writ petition challenging the CBDT circular on condonation of delay, upholding its authority to prescribe time limits for filing applications.
Delhi HC quashes GST cancellation in My Trading Overseas case, highlighting flaws in show cause notice. Upholds taxpayer’s right to a fair response.
Explore the Delhi High Court’s judgment in PCIT Vs Unitech Reliable Projects regarding Section 271(1)(c) penalties. The court emphasizes the necessity of specifying the relevant limb in penalty proceedings.
Read the CESTAT Ahmedabad order on ONGC Petro’s customs duty remission appeal for imported raw material destroyed in a fire at its SEZ unit. Analysis and insights included.
Delve into Delhi High Court’s judgment on PCIT Vs Minu Bakshi, exploring penalty imposition, notice specifics, and impact on income tax cases.
Delhi High Court rules that non-payment of VAT on repossessed vehicle sale, asserting DVAT Act exemption, is not deemed concealment, setting aside penalty orders.
Read the Kerala High Court judgment in Mithlaj. P’s case. Monthly instalments permitted for a service tax liability of Rs. 36,19,736. Bank account unfreezed on payment.
