Tag Archives: IN THE ITAT PATNA BENCH

Capital Gains Tax Cannot Be Levied Under Section 2(47) Without Verifying Land Ownership Status

By | October 6, 2026
0 Comment

Capital Gains Tax Cannot Be Levied Under Section 2(47) Without Verifying Land Ownership Status Capital Gains Tax Cannot Be Levied Under Section 2(47) Without Verifying Land Ownership Status Issue Whether capital gains under Section 2(47) can be assessed in the hands of an assessee under a Joint Development Agreement without factual verification of whether he… Read More »

Employer’s Failure to Deduct TDS on Overseas LTC Renders It an Assessee-in-Default Under Section 201

By | August 10, 2026
0 Comment

Employer’s Failure to Deduct TDS on Overseas LTC Renders It an Assessee-in-Default Under Section 201 Issue Whether an employer who reimburses Leave Travel Concession (LTC) to its employees for travel involving a foreign leg without deducting tax at source can be treated as an assessee-in-default under Sections 201(1) and 201(1A) of the Income-tax Act, 1961… Read More »