#section 56
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811 articlesIncome Tax
Income Tax
Section 56(2)(x) not Apply to Redevelopment Flats as Transaction Is Exchange of Existing Rights
Income Tax
Income Tax
Statutory SLR Deposits Save 80P Deduction – ITAT Bangalore Draws Clear Line Between Mandatory Funds & Idle Surplus!
Income Tax
Income Tax
Mumbai ITAT quashes reassessment for AY 2015-16 – AO’s “artificial inflation” of escaped income held legally unsustainable
Income Tax
Income Tax
Share Premium Tax Above FMV: End of Section 56(2)(viib), Section 92(2)(m) Continues, Tax Gap Emerges
Income Tax
Income Tax
Updated Return Can’t Kill Genuine Exemption – ITAT Allows Section 11 Relief Despite Delay
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No Section 69A Cash Deposit Addition Without Proper Inquiry & Evidence: ITAT Mumbai
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Income Tax
No Section 56(2)(x) Tax on Redevelopment Flat Without Possession: ITAT Mumbai
Income Tax
Income Tax
Penalty on Share Premium Valuation Deleted – Bona Fide Claim Not Concealment
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Income Tax
Section 68 Addition deleted due to Established Identity, Creditworthiness & Genuineness
Income Tax
Income Tax
DVO Valuation Without Notice Invalid: Matter Remanded for Fresh Determination
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80P Deduction Allowed on Bank Interest – Bang ITAT Follows Karnataka HC, Distinguishes Totgars
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Addition u/s 56(2)(viib) Invalid as AO Cannot Reject DCF Valuation Without Defects: ITAT Delhi
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Income Tax
ITAT Mumbai: No Section 56(2)(x) Addition if Difference Within 10%-Tolerance Limit Held Retrospective
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Income Tax
