Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Delhi rules that Section 54F exemption cannot be denied due to builder’s delay in possession, holding that genuine investment intent is sufficient for tax relief.
Madras High Court rules that deductions under Sections 80IA and 80HHC can be claimed together, but total deduction cannot exceed 100% of business profits.
ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.
ITAT rules that salary arrears of a deceased employee cannot be taxed as a legal heir’s personal income. Tribunal enforces Section 159 of the Income Tax Act, safeguarding families…
The Madras High Court ruled that property attachment cannot continue once an ITAT order becomes final and tax dues are fully paid. The judgment protects taxpayer rights and mandat…