Reassessment Under Section 147

Income Tax

Taxpayer Entitled To Indexed Cost Of Improvement Even Under Section 50C Capital Gains Computation, Holds ITAT | Biz Flow Kit
Byadmin June 19, 2026

Taxpayer Entitled To Indexed Cost Of Improvement Even Under Section 50C Capital Gains Computation, Holds ITAT The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to taxpayer Dilip Kumar Gupta by holding that an assessee can claim the indexed cost of improvement while computing capital gains under Section 50C of the…

Read More Taxpayer Entitled To Indexed Cost Of Improvement Even Under Section 50C Capital Gains Computation, Holds ITAT | Biz Flow Kit
Income Tax

ITAT Ahmedabad Sends Back Section 80GGC Political Donation Dispute for Fresh Examination | Biz Flow Kit
Byadmin May 20, 2026

ITAT Ahmedabad Sends Back Section 80GGC Political Donation Dispute for Fresh Examination The ITAT Ahmedabad, in a recent ruling, favoured the case of Karsanbhai Natvarlal Ravat concerning the disallowance of a political donation deduction claimed under Section 80GGC of the Income Tax Act for Assessment Year 2019-20. The assessee, Karsanbhai Natvarlal Ravat, had claimed a…

Read More ITAT Ahmedabad Sends Back Section 80GGC Political Donation Dispute for Fresh Examination | Biz Flow Kit