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3 results for “house property”+ Deductionclear

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Key Topics

Section 2634Section 262Section 54F2Section 11(1)(a)2House Property2Deduction2Exemption2

THE COMMISSIONER OF INCOME TAX NEW DELHI vs. MANJIT SINGH BAIDWAN

ITA/59/2023HC Punjab & Haryana09 May 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MRS. JUSTICE SUDEEPTI SHARMA

Section 54F

deductions u/s t the amended provisions n as the claim of the ment year 2013 - 14, de applicable w. e. f. 01. counsel, the Id. CIT(A) in the present case by n'ble Gujarat High Court e Shah vs ACIT and the h in the case of Shri (International Taxation) as decided the identical e case of Shri Jaswinder

M/S Y.S. AND CO-OWNERS vs. INCOME TAX OFFICER ETC.

ITA/20/2008HC Punjab & Haryana09 Sept 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

Section 144Section 167B(2)(i)Section 2
Section 26

house property. The Revenue challenged the or he appellant also filed cross objec ted 25.05.2007 held the incom he AOP. However, the submi -2- Thus, the income tax authority f rent received by co-owners as tions stating that income from s per their specified shares and Act, 1961 (for short, ‘the Act’). the objections and passed the Act making

PR. COMMISSIONER OF INCOME TAX (CENTRAL) GURUGRAM vs. M/S MAHARISHI MARKANDESHWAR UNIVERSITY TRUST

ITA/41/2021HC Punjab & Haryana24 Sept 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

Section 11(1)(a)Section 263

properties held for charitable purposes during the year during the year 65.73.64.136.73 22,79,04,609.17 Total Taxable Income Nil Unapplied fixed assets expenditure during the year : 42,94,59,527.56” 3. The PCIT invoking its powers under Section 263 of the Act revised the assessment order on the premise as under:- “On perusal of records as well