Daily digest for Gupta Chandan & Associates, on May 17, 2021

posted: "INCOME-TAX : Assessee, a cooperative society, is eligible for deduction under section 80(P)(2) in respect of gross interest received from cooperative bank without adjusting interest paid to said bank.INCOME-TAX : Assessee, a cooperative society, is eligib" New post on Gupta Chandan & Associates No sec. 263 revision as allowing Sec. 80P deduction on gross interest received is one of possible view: ITAT INCOME-TAX : Assessee, a cooperative society, is eligible for deduction under section 80(P)(2) in respect of gross interest received from cooperative bank without adjusting interest paid to said bank.INCOME-TAX : Assessee, a cooperative society, is eligible for deduction under section […] Read more of this post May 17, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1hR Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/no-sec-263-revision-as-allowing-sec-80p-deduction-on-gross-interest-received-is-one-of-possible-view-itat/

posted: "INCOME TAX : Where assessee developer exceeded area of 1500 square feet of 26 flats in a housing project, assessee would be entitled to benefit of deduction under section 80-IB(10) proportionately in respect of other flats having built up area of upto 1" New post on Gupta Chandan & Associates Assessee is entitled for proportionate deduction u/s 80-IB towards flats having built up area of upto 1,500 square feet INCOME TAX : Where assessee developer exceeded area of 1500 square feet of 26 flats in a housing project, assessee would be entitled to benefit of deduction under section 80-IB(10) proportionately in respect of other flats having built up area […] Read more of this post May 17, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1hQ Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/assessee-is-entitled-for-proportionate-deduction-u-s-80-ib-towards-flats-having-built-up-area-of-upto-1500-square-feet/

posted: "INCOME TAX : Where DGIT by order directed Commissioner (Appeals) not to pass any further appellate orders during pendency of explanation sought on lapses in adjudicating appeals, however, Commissioner (Appeals) passed order, ignoring binding directions " New post on Gupta Chandan & Associates ITAT set-aside order passed by CIT(A) ignoring binding directions given by DGIT INCOME TAX : Where DGIT by order directed Commissioner (Appeals) not to pass any further appellate orders during pendency of explanation sought on lapses in adjudicating appeals, however, Commissioner (Appeals) passed order, ignoring binding directions given by DGIT, it resulted […] Read more of this post May 17, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1hP Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/itat-set-aside-order-passed-by-cita-ignoring-binding-directions-given-by-dgit/