The deadline for non-audit taxpayers to file their Income Tax Return (ITR) for AY 2025-26 has passed, potentially leading to penalties and financial complications.
The ITAT ruled that interest on enhanced compensation for the compulsory acquisition of agricultural land is fully exempt from income tax, citing Section 96 of the RFCTLARR Act, 2013. The Tribunal ...
The Tribunal held that income cannot be taxed merely on a survey statement when the builder consistently follows the Project Completion Method. Additions of ₹19.2 crore were ...
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