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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. ....

Andhra Pradesh , Hyderabad Bench , Income Tax Appellate Tribunal , Laliet Kumar , Judicial Member , Assessing Officer , Income Tax Act , For Appellant , Penalty Order , Assessment Order , Under Reporting ,

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. ....

Andhra Pradesh , Hyderabad Bench , Income Tax Appellate Tribunal , Vice President , Laliet Kumar , Judicial Member , Megha Engineering , Infrastructures Limited , Assessing Officer , For Appellant , Development Activities , Ontractual Loot ,

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. ....

Andhra Pradesh , Serilingampally Mandal , Sultan Shahi , Property Tax Department Of The , High Court , Hyderabad Bench , Income Tax Appellate Tribunal , Income Tax Act , Vice President , Laliet Kumar , Judicial Member , Income Tax , Assessing Officer , Property Tax Department , For Appellant , Religious Purposes ,

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). ....

Andhra Pradesh , Ks Rama Rao , Hyderabad Bench , Income Tax Appellate Tribunal , Vice President , Laliet Kumar , Judicial Member , Income Tax Act , Assessing Officer , Income Tax , For Appellant , Long Term Capital Gain ,

SGPC Gets Recognition For Income Tax Exemption

SGPC Gets Recognition For Income Tax Exemption
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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 , Chartered Accountant Gurcharan Singh Syal , Judicial Member Laliet Kumar , Accountant Member ,