#section 56
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811 articlesIncome Tax

Income Tax
ITAT Bangalore: Souhadra Co-operative Eligible for U/s 80P Deduction – Delay Condoned & Additions on Interest Provision Deleted
Income Tax

Income Tax
Property Deal Mismatch? How Section 50C and 56(2)(x) Can Create Phantom Income
Income Tax

Income Tax
Property Received Under Family Settlement Not Taxable u/s 56(2) — Gift Deed Only a Formal Consequence
Income Tax

Income Tax
Section 80P Win for Credit Societies – Savings Bank Interest Is Business-Attributable
Income Tax

Income Tax
Revision u/s 263 Quashed: AO’s Plausible View on 80P Deduction Cannot Be Substituted by PCIT
Income Tax

Income Tax
Rural Agricultural Land Outside Section 56(2)(vii)(b): ITAT Deletes ₹59.33 Lakh Addition
Income Tax

Income Tax
Shares Settled in Family Trust Exempt under Section 56(2)(x): ITAT Chennai
Income Tax

Income Tax
Interest from Deposits with Co-operative Banks Qualifies for Section 80P(2)(d): ITAT Allows Deduction in Full
Income Tax

Income Tax
Section 263 Invalid Where AO Adopted Plausible Section 80P View
Income Tax

Income Tax
Redevelopment Compensation is Capital Receipt, Not Taxable as Income: ITAT Mumbai
Income Tax

Income Tax
Section 28 Interest Is Compensation, Not Income: Reassessment Set Aside
Goods and Services Tax

Goods and Services Tax
Interest payable on refund of IGST paid on ocean freight: Orissa HC
Income Tax

Income Tax
ITAT Delhi Deletes Share Capital & 56(2)(viib) Additions: DCF Valuation Upheld
Income Tax

Income Tax
