The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of Bhavya Construction Co., allowing their claim for deduction under Section 80IB(10) of the Income-tax Act, 1961, for ...

The Kerala High Court stated that burden of proof is on assessee to prove that he is entitled to capital gains tax exemption ...

In conclusion, the tribunal ruled in favor of India Thermit Corporation Ltd, reaffirming that scrutiny assessment proceedings under Section 143 (2) preclude further processing under Section 143 (1) (a ...