Smt. Maries Joesph vs. DCIT [2023] 148 taxmann.com97(Cochin – Tribunal.) RELEVANT FACTS The assessee, a non-resident, sold land in India which was jointly owned by her with her husband , and invested sale proceeds in a residential house property situated in India and claimed exemption under section 54F. As the assessee already owned jointly 2 …
Assessee was a pilot by profession and employee of Kingfisher Airlines. The Kingfisher Airlines had tax at source (TDS) from the salaried income of the assessee for the Assessment Year 2009-10 and 2011-12. However, the said TDS amount had not been deposited by the Airlines in the Central Government Account. Accordingly, the TDS credit as …
Ashok Kureja v. Income – tax Officer-[2021](Indore-Trib.) The assessee was an individual running the business of grinding of spices, wholesale trading of spices, Kirana items. During the assessment proceedings, the Assessing Officer (AO) observed that the assessee had claimed exemption under section 54F for purchasing house property located on the first floor of a complex …
