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Monday, 17 May 2021

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

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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"
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"
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 "

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