This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Section 194-IA TDS Needed as Payment to Each Co-Owner Below ₹50 Lakh, So 234E Levy Set Aside
Case Law Details
- Case Name
- Smt. Sandhya Gugalia Vs DCIT (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Jaipur
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Smt. Sandhya Gugalia Vs DCIT (ITAT Jaipur)
The assessee filed two appeals before the ITAT Jaipur challenging the orders of the CIT(A)-3, Jaipur dated 27.11.2017 and 02.11.2017 for Assessment Year 2014-15, specifically disputing the levy of interest and late fees under Section 234E of the Income Tax Act. The dispute arose from the assessee’s purchase of a residential property located at C-127, Rishabh Path, Bhagirath Marg, Shyam Nagar, Jaipur, jointly owned by two individuals. The total agreed consideration for the property was Rs. 75,00,000, divided equally between the two co-owners. The ass...
Author Info
