Judgement

The Chhattisgarh HC ordered that capital gain exemption u/s 54B is not allowed if land is purchased in the name of wife.

Capital Gain Exemption u/s 54B not allowed if land is purchased in name of wife [Read Judgement]

Notifications

The government stated via notification that the Cabinet Appointments Committee has approved the appointment of 18 Judicial Members and 22 Accountant Members to ITAT.

ITAT appoints 40 New Members including 18 Judicial and 22 Accounts Members

The Madras HC suggested additional provision audit of Co-operative Societies by Chartered Accountant.

HC suggests additional provision audit of Co-operative Societies by Chartered Accountant [Read Order]

News

The Income Tax officials conducted raids at 29 locations connected with businessman J K Singhania.

Income Tax raids on Ranchi Businessman

NewsClick is unable to make bank payments due to a Union income tax department action.

Income Tax Department Virtually Frozen NewsClick Bank Accounts

CBDT has notified the Powergrid Infrastructure Investment Trust as a prescribed mode of investment under section 11(5) of the Income Tax Act, 1961 via issuing a Notification.

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Capital Gain Exemption u/s 54B not allowed if land is purchased in name of wife [Read Judgement]

ITAT appoints 40 New Members including 18 Judicial and 22 Accounts Members

HC suggests additional provision audit of Co-operative Societies by Chartered Accountant [Read Order]

Income Tax raids on Ranchi Businessman

Income Tax Department Virtually Frozen NewsClick Bank Accounts

CBDT notified Powergrid Infrastructure Investment Trust as prescribed mode of investment under IT Act