CIT(A) Powers

Income Tax

Woman Sold Flat, Sought Section 54 Tax Exemption During Appeal; ITAT Rejects Claim Not Made in Return or Assessment Proceedings | Biz Flow Kit
Byadmin June 12, 2026

Woman Sold Flat, Sought Section 54 Tax Exemption During Appeal; ITAT Rejects Claim Not Made in Return or Assessment Proceedings The Income Tax Appellate Tribunal (ITAT) has upheld the rejection of a taxpayer’s claim for deduction under Section 54 of the Income Tax Act, 1961, holding that the benefit cannot be entertained for the first…

Read More Woman Sold Flat, Sought Section 54 Tax Exemption During Appeal; ITAT Rejects Claim Not Made in Return or Assessment Proceedings | Biz Flow Kit
Income Tax

ITAT Sets Aside Appeal Dismissal for Non-Prosecution, Orders Fresh Hearing | Biz Flow Kit
Byadmin April 9, 2026

ITAT Sets Aside Appeal Dismissal for Non-Prosecution, Orders Fresh Hearing The assessee, a partnership firm engaged in civil construction, filed its return for AY 2023-24 declaring income of Rs 26,776,510. The case was selected for scrutiny, and assessment was completed at Rs 59,803,455 after making three additions and disallowances for non-deduction of TDS under Sections…

Read More ITAT Sets Aside Appeal Dismissal for Non-Prosecution, Orders Fresh Hearing | Biz Flow Kit