• Judgement Court Scrutinizes Alleged Tax Evasion Scheme Involving Partnership Firm

    Court Scrutinizes Alleged Tax Evasion Scheme Involving Partnership Firm

    This case involves a dispute between the Income Tax Department and a company ca…
  • Judgement Court rejects stamp duty valuation for capital gains, citing time gap and land area discrepancy

    Court rejects stamp duty valuation for capital gains, citing time gap and land …

    This case involves a dispute between the Principal Commissioner of Income Tax a…
  • Judgement Supreme Court: Long-term leases are capital assets, subject to capital gains tax

    Supreme Court: Long-term leases are capital assets, subject to capital gains tax

    This case involves an appeal by Rajesh Gupta HUF (Hindu Undivided Family) again…
  • Judgement Commissioner's Power to Revise: Limits on Self-Revision Under Wealth Tax Act

    Commissioner's Power to Revise: Limits on Self-Revision Under Wealth Tax Act

    This case involves a dispute between the Principal Commissioner of Income Tax a…
  • Judgement Court Dismisses Appeal on Section 50C Applicability in Land Sale Case

    Court Dismisses Appeal on Section 50C Applicability in Land Sale Case

    This case involves an appeal by Ram Ji Lal Meena against an order from the Inco…
  • Judgement "Leasehold Rights Transfer Not Covered by Section 50C, Court Rules"

    "Leasehold Rights Transfer Not Covered by Section 50C, Court Rules"

    In the case of Keki Bomi Dadiseth vs. Assistant Commissioner of Income Tax, the…
  • Judgement Court quashes reopening notice based on erroneous factual grounds

    Court quashes reopening notice based on erroneous factual grounds

    This case involves a dispute between Mumtaz Haji Mohmad Memon (the petitioner) …
  • Judgement Section 50C does not apply to business profits, only to capital gains.

    Section 50C does not apply to business profits, only to capital gains.

    In the case of Commissioner of Income Tax vs. Neelkamal Realtors and Erectors I…
  • Judgement Dispute Over Property Sale Price Remanded for Reassessment

    Dispute Over Property Sale Price Remanded for Reassessment

    In the case of S.P. Balasubramaniam vs. Assistant Commissioner of Income Tax, t…
  • Judgement Court upholds deemed sale value for capital gains, limiting exemption claims

    Court upholds deemed sale value for capital gains, limiting exemption claims

    The High Court dismissed appeals by taxpayers challenging the Income Tax Appell…
  • Judgement Court Quashes Income Tax Department's Valuation Reference for Property Purchase

    Court Quashes Income Tax Department's Valuation Reference for Property Purchase

    This case involves a dispute between an individual taxpayer, Anand Adukia, and …
  • Judgement Section 50C Applies Only to Sellers, Not Buyers, in Property Transactions

    Section 50C Applies Only to Sellers, Not Buyers, in Property Transactions

    This case involves a dispute between the Commissioner of Income Tax-IV and Sarj…
  • Judgement Court Upholds Application of Section 50C in Property Sale, Dismisses Assessee’s Appeal

    Court Upholds Application of Section 50C in Property Sale, Dismisses Assessee’s…

    This case involves Guru Dashmesh Rice and General Mills (the assessee) appealin…
  • Judgement Tax Tribunal Upholds Lower Valuation for Property Sale, Rejecting Higher Stamp Duty Assessment

    Tax Tribunal Upholds Lower Valuation for Property Sale, Rejecting Higher Stamp …

    This case involves a tax appeal by the Principal Commissioner of Income Tax aga…
  • Judgement Agreement Date Determines Tax Applicability, Not Sale Deed Execution

    Agreement Date Determines Tax Applicability, Not Sale Deed Execution

    This case involves the Commissioner of Income Tax and Shimbhu Mehra, focusing o…
  • Judgement COMMISSIONER OF INCOME TAX VS FORTUNE HOTELS AND ESTATES PVT. LTD.-(High Court)

    COMMISSIONER OF INCOME TAX VS FORTUNE HOTELS AND ESTATES PVT. LTD.-(High Court)

    Forwarding of document to the DVOr for determination of value, by itself would …
  • Judgement Tax Officer's Power to Seek Property Valuation Upheld in Capital Gains Dispute

    Tax Officer's Power to Seek Property Valuation Upheld in Capital Gains Dispute

    This case involves a dispute between Kanaiyalal Dhansukhlal Sopariwala (the pet…
  • Judgement Tax Reassessment Rejected: Court Rules Against Revenue Department's "Change of Opinion"

    Tax Reassessment Rejected: Court Rules Against Revenue Department's "Change of …

    This case involves a dispute between the Principal Commissioner of Income Tax (…