Judgement

The ITAT ruled that if the assessee intends to invest in construction of property, the assessee must be allowed the exemption under section 54, even if the investment was not made in the CGDS Scheme.

ITAT allows Section 54 Exemption for Construction Purposes, Despite Non-Deposit Under CGDS

Articles

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ITAT sets aside Section 69 additions where assessee failed to furnish bank statements and source-investment nexus

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High Court sets aside Section 153C notices after finding a 22-month delay in recording satisfaction contrary to Calcutta Knitwears and CBDT Circular

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High Court sets aside Section 148A(d) order for non-application of mind as AO ignored invoices, confirmations and bank statements proving genuine purchases.

Gujarat High Court Sets Aside Section 148A(d) Order Passed Without Considering Assessee’s Evidence

Court holds that AO cannot seek information or conduct enquiry under the guise of a Section 148A(b) notice; such notice is invalid and liable to be set aside

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ITAT allows Section 54 Exemption for Construction Purposes, Despite Non-Deposit Under CGDS

Income Tax Refund 2025: How to Check Status, Causes of Delay, and When You’ll Get Your Refund

Ledgers Not Enough: ITAT Sends Unexplained Investment Case Back for Fresh Verification

Gujarat High Court Quashes 153C Notices Issued After 22-Month Delay in Recording Satisfaction

Gujarat High Court Sets Aside Section 148A(d) Order Passed Without Considering Assessee’s Evidence

HC: Notice Under 148A(b) Cannot Demand Information; Such Enquiry Falls Under 148A(a)