Posted inBlog
ITAT Overturns Bogus Purchase Disallowance Due to Lack of Evidence
ITAT overturned a purchase disallowance, emphasizing that tax officers need concrete evidence, not just assumptions, to prove bogus transactions.
Posted inTaxation and Legal Insights
Navigating Agricultural Land Capital Gains Tax: ITAT Clarifies Section 54B Exemption Requirements
The Income Tax Appellate Tribunal (ITAT) in Nagpur has recently ruled that claiming exemption under Section 54B of the Income Tax Act, which relates to capital gains from the sale…