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IDS Tax Paid Under Two PANs: ITAT Pune Orders Verification and Relief
ITAT Pune upholds a reassessment notice while directing verification of Income Disclosure Scheme tax payments made across two PANs for conditional relief.
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Section 14A Disallowance Restricted to Dividend Yielding Investments ITAT Kolkata
ITAT Kolkata grants major relief on Section 14A disallowance, restricting Rule 8D calculations solely to dividend-yielding investments.
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ITAT Grants Relief on Section 69A Additions for Business Cash Deposits
Learn about the recent ITAT ruling allowing twenty lakh credit for business cash deposits against Section 69A additions and its tax implications.
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Punjab and Haryana High Court Upholds Section 54F Exemption for Jointly Owned Property
Discover how the Punjab and Haryana High Court ruled on Section 54F tax exemptions when capital gains are invested in a jointly owned residential house.
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Telangana High Court Rules Section 264 Can Address Double Taxation Without Revised Return
Discover how the Telangana High Court ruled that Section 264 provides a remedy for double taxation of Rs. 6.85 crore even without a revised return.
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Pune ITAT Caps Contract Profit Estimation at 8%, Providing Significant Relief to Taxpayers
The Pune bench of the Income Tax Appellate Tribunal (ITAT) delivered a landmark ruling this week, declaring that an 18% net profit estimation on contract receipts is excessive without concrete…