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Penalty Order On Ground Of Misreporting Of Income Not Justified When SCN And Assessment Order Alleged Under-Reporting: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty order on the ground of misreporting of income was not justified when show cause notice and the assessment order.

Hyderabad
Andhra-pradesh
India
Delhi
Hyderabad-bench
Income-tax-appellate-tribunal
Laliet-kumar
Judicial-member
Assessing-officer
Income-tax-act
For-appellant

Notion Of Earning 90% Profit Is Unimaginable, Is Contractual Loot Under Guise Of Alleged Development Activities: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the notion of earning 90% profit is unimaginable and is contractual loot under the guise of alleged development activities.The.

Telangana
Andhra-pradesh
India
Hyderabad
Hyderabad-bench
Income-tax-appellate-tribunal
Vice-president
Laliet-kumar
Judicial-member
Megha-engineering
Infrastructures-limited

S. 54F Exemption Not Available On Property Predominantly Being Used For Religious Purposes: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that exemption under Section 54F of the Income Tax Act is not available on property predominantly being used for religious.

Hyderabad
Andhra-pradesh
India
Serilingampally-mandal
Sultan-shahi
Property-tax-department-of-the
High-court
Hyderabad-bench
Income-tax-appellate-tribunal
Income-tax-act
Vice-president
Laliet-kumar

Long-Term Capital Gain Can't Be Claimed Without Owning Flats for At Least 3 years: ITAT

The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that long-term capital gain cannot be claimed without owning flats for at least 3 years.The bench of R.K. Panda (Vice President).

Hyderabad
Andhra-pradesh
India
Ks-rama-rao
Hyderabad-bench
Income-tax-appellate-tribunal
Vice-president
Laliet-kumar
Judicial-member
Income-tax-act
Assessing-officer

SGPC Gets Recognition For Income Tax Exemption

SGPC Gets Recognition For Income Tax Exemption
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Amritsar
Punjab
India
Prem-singh
Gurcharan-singh-syal
Laliet-kumar
Harjinder-singh-dhami
Gunjeet-singh-syal
Sikh-religious-community
Income-tax-exemption
Income-tax
Income-tax-appellate-tribunal
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