You may once again submit the copy of acquittal order . If no appeal is filed you may state that the no appeal is pending . The competent authority may drop the proceedings . You may consult an advocate who is specialised in service law , he may be able to provide the case laws… (read more)

Income tax Authorities does not have a right to listen to the phone conversations .As per Section 5(2 ) of the Indian Telegraph Act , 1885 , Telephone can be trapped on the occurrence of any public emergency or in the interest of the public safety or a State Government or any officer specially authorised… (read more)

In form ITR 2 – For Individuals and HUF there is a Schedule of B for Long Term Capital Gain from Sale of Land or Building, wherein to fill the details of relevant facts in the column. The column mention such as the Date of purchase/acquisition, Full Value consideration received / receivable, value of the… (read more)

Yes, the same can be claimed as a cost of improvement. The Hon'ble Income-tax Appellate Tribunal - Hyderabad Bench in the case of Mohammed Farooq v. ITO [2015] 60 taxmann.com 212 (Hyderabad - Trib.) held that while determining the cost of acquisition, the cost of buildings on the land to be demolished, amounts paid to… (read more)

From what we understand from the limited facts provided, the assessee is gifting his second residential property to a relative so that the assessee can claim a deduction under section 54F of the Act when the assessee sells a plot of land. The same appears to be permissible as per the law. Courts have upheld… (read more)

When a Muslim man dies intestate his estate devolves on his heirs at the moment of his death, and the heirs succeed to the estate as tenants-in-common in specific shares. (read more)

This is a case where the loan is given to a person who isn't a registered shareholder. The Hon'ble Supreme Court in the case of National Travel Services v. CIT [2018] 300 CTR 582 (SC) where the issue was whether to attract section 2(22)(e) of the Act, a 'shareholder' has only to be a person… (read more)

WhatsApp chats are not admissible as evidence unless they comply with the provisions of the Information Technology Act, 2000. The Supreme Court in the case of Anwar P. V. Vs. P. V. Basheer, reported in (2014) 10 SCC 473 has held and observed that an electronic record by way of secondary evidence shall not be… (read more)

The action of the Department is right. The Assessee should make an application for condonation of delay before the CBDT under section 119 (2)(b) of the Act. On no response (after follow-ups) or rejection by the Board, the assessee should file a Writ petition before the jurisdictional High Court as there is no alternative efficacious… (read more)

The provisions regarding filing of paper book are contained in Rule 18 of the ITAT Rules . The copy of the paper book to be served on the Departmental Representative at least a week before the date of hearing . It can be sent to Speed or Registered post . In F.N.Roy v. Collector of… (read more)