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Section 54F – Eligibility and Scope of Disqualification under the Proviso Clarification: Plots and Commercial Properties Do Not Trigger the Proviso
Section 54F
– Eligibility and Scope of Disqualification under the ProvisoClarification:
Plots and Commercial Properties Do Not Trigger the Proviso Section 54F of
the Income-tax Act, 1961 grants exemption from l...
Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A)
Penalty
under Section 270A – Whether Penalty Proceedings Can Continue When Quantum
Appeal Is Pending Before CIT(A) The
introduction of Section 270A by the Finance Act 2016 marked a shift from
the traditional r...
Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings
Addition under
Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal
Reiterates Binding Effect of Jurisdictional High Court Rulings ITAT Delhi:
Intermesh Shopping Network Pvt. Ltd. vs....
Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?
Deduction
u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal? Scope of
Amendment to Section 80IA(7) – ITAT Delhi :FIVD India
Consulting Pvt. Ltd. v. DCIT, Circle 1(1), GurgaonITA No.
3877/Del/2025 | Ord...
Concept of Block of Assets under Section 32 of the Income-tax Act, 1961
Concept of
Block of Assets under Section 32 of the Income-tax Act, 1961 The shift from
asset-wise depreciation to the “block of assets” approach marked a significant
evolution in Indian tax depreciation law. ...
Taxation of Private Trusts in India: Conceptual Framework, Classification and Emerging Issues
Taxation of Private Trusts in India: Conceptual Framework,
Classification and Emerging IssuesThe taxation of private trusts in
India is governed primarily by sections 160 to 167 of the Income-tax Act, 1961.
These prov...
TAX-RATE DETERMINATION FOR CHARITABLE TRUSTS NOT CLAIMING SECTION 11 BENEFIT Whether Normal Slab Rates Apply or Maximum Marginal Rate (MMR) as AOP/BOI
TAX-RATE DETERMINATION FOR CHARITABLE
TRUSTS NOT CLAIMING SECTION 11 BENEFIT Whether Normal Slab Rates Apply or
Maximum Marginal Rate (MMR) as AOP/BOICase: Vindhya Trust v. DCIT, ITAT Delhi
(2025)ITA Nos. 2121 &a...
Addition under Section 50C – Assessment Finalised Without Awaiting DVO Report – Whether Sustainable in Law?
Section 50C Addition Finalised
Without Awaiting DVO Report – Legality ExaminedRajni Arvind Birla v. ITO,
Ward-3(1)(1), Ahmedabad
ITAT Ahmedabad | ITA No. 930/Ahd/2025 | Order dated 28.11.20251. Core ControversyThe T...
Scope of Rectification under Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order?
Scope of Rectification under
Section 254(2) – Whether ITAT Was Right in Modifying Its Earlier Order? M/s Devaraj & Others v. ITO,
Coimbatore:-Madras High Court | TCA Nos. 319/2016 & 538/2021 | Judgment
...
Book profit on sale of a motor vehicle forming part of a continuing depreciable block cannot be taxed separately once the full sale consideration is reduced under Section 43(6)(c).
ITAT Ahmedabad: Suyog Electricals Ltd. v. DCIT, Circle
2(1)(1), Vadodara, ITA No. 1352/Ahd/2025, order dated 25 November 2025.Core Issue: Whether an addition of Rs. 4,83,894, being the
book profit on sale of a motor ve...