ITAT Rules: Students Abroad Cannot Be Taxed for Temporary Family Deposits
ITAT rules that temporary family deposits in a student’s bank account for overseas education financial proof cannot be treated as taxable income.
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ITAT rules that temporary family deposits in a student’s bank account for overseas education financial proof cannot be treated as taxable income.
Bombay High Court rules that dividend tax on NRIs must be charged as per DTAA rates, not higher domestic law. Court affirms treaty override and opens the door for refunds of exces…
ITAT Ahmedabad rules that no deemed rent can be added on vacant flats if landlords made genuine efforts to rent them under Section 23(1)(c).
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.
ICAI suspends a Chartered Accountant for three months over income tax refund fraud involving fake PANs and forged documents, reinforcing strict professional accountability.