Judiciary updates- Income Tax (14th October 2021)

Posted byBusiness So SimplePosted inIncome TaxTags:

Section 54F exemption available on Multiple Flats obtained under JDA

(Ganga Poorna Prasad Vs ACIT (ITAT Bangalore) dated 07/10/2021)

An agreement shall reflect a true commercial substance of transaction

 Parexel International Clinical Research Private Limited Vs DCIT (ITAT Bangalore) dated 07th Oct 2021

Onus lies on person who alleges untruthfulness against other persons

Jainarayan Hariram Goel Charitable Trust Vs CIT (Exemption) (ITAT Raipur) dated 02/08/2021

Companies with turnover of less than Rs. 200 crores cannot be compared with companies having turnover exceeding Rs. 200 crores

 Biesse Manufacturing Company Pvt. Ltd. Vs DCIT (ITAT Bangalore) dated 11/10/2021

Irrecoverable Loss due to Technical Snags & Bad Weather Conditions allowable

ITO Vs Roj Enterprises Pvt. Ltd. (ITAT Pune) dated 08/10/2021

Regards

Bipul Kumar

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