ITAT Ruling: Legal vs Beneficial Ownership in Property Sales | Capital Gains Tax Relief
In a ITAT Ruling, the Income Tax Appellate Tribunal, Mumbai bench has clarified the distinction between a legal owner (whose…
ITAT Kolkata Rules Interior Decoration Costs in Rented Office Allowable as Revenue Expenditure
By Staff Reporter The Income Tax Appellate Tribunal (ITAT) Kolkata has delivered a crucial verdict regarding the treatment of expenses…
Rent in a Redevelopment Project is not taxable: ITAT Mumbai
By Staff Reporter IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI KULDIP SINGH, HON’BLE JUDICIAL MEMBER…
ITAT: Cash payment for improving the flat is allowed
By Fiona Mehta The Income Tax Appellate Tribunal (ITAT)’s Mumbai bench, in a tax litigation over capital gains arising on…
80IB is applicable on entire project: ITAT Mumbai
By SRELJ Bureau Clause (d) inserted in section 801B