Delay in Uploading Form 10CCB Due to Technical Glitch Condoned: ITAT Delhi Upholds 80-IAC Deduction
ITAT Delhi upholds 80-IAC deduction despite 5-day delay in Form 10CCB upload, citing technical glitch and bona fide taxpayer conduct.
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Unclaimed Locker Cash & Jewellery Cannot Be Taxed in Director’s Hands: ITAT
ITAT Delhi rules that unclaimed cash and jewellery in a vault company’s lockers cannot be taxed in the hands of its director under Section 132(4A).
No Search Warrant or Panchnama in Assessee’s Name — ITAT Quashes Section 153A Assessment
The ITAT Delhi quashed the assessment under Section 153A in the case of Shorya Trading Company Pvt. Ltd. due to absence of search authorization or seizure of incriminating material.
Market Munch
Market Munch by CA Blog India brings you bite-sized finance news and market updates from top sources—short, sharp, and jargon-free.
Exemption Allowed on Compensation Received from NHAI: ITAT Upholds Section 96 of RFCTLARR Act, 2013
ITAT Delhi allows tax exemption under Section 96 of the RFCTLARR Act, 2013 on compensation received from NHAI for compulsory land acquisition.