Planning to sell your house- know how to save taxes Many people specially who do not file their income tax returns are not aware that they h

Planning to sell your house- know how to save taxes

Judgement

Sec 14A disallowance cannot exceed the exempt income earned IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order as follows :

Assessee having 2 properties has right to choose self occupied and deemed let out property for taxation purpose IN THE INCOME TAX APPELLATE 

Bogus purchases: Addition should be limited to difference b/w GP on normal purchase &amp; bogus purchases IN THE INCOME TAX APPELLATE TRIBUN

Brought forward unabsorbed depreciation cant be set off against Income from HP &amp; other sources IN THE INCOME TAX APPELLATE TRIBUNAL The 

Depreciation allowed on Non-compete fee as it is a capital expenditure IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order a