Madras High Court recently orders no effect of new capital gains tax rules

                By Accommodation Times News Service The Madras High Court in a recent orders stating said that the restrictive provisions introduced in the Income Tax Act which says that reinvestment in only 1 residential house in country for claiming capital gains tax exemption apply from the fiscal April 1 2014. The explanatory memorandum

Society Secretary is a Public Servant : Madras High Court

By Accommodation Times Bureau In a land mark judgement, Madras High Court had decided that Secretary of a co-operative society is a public servent hence corruption charges if proved, he can be booked. he learned Government Advocate (Criminal side) would submit referring to three Government Orders passed by the Government of

Madras HC directs authorities to raze commercial complex

By Accommodation Times Bureau CHENNAI The Madras High Court (HC) has directed the authorities to remove illegal constructions and encroachments in public places and also to raze a commercial complex. The Bench comprising Justice S Vaidyanathan and Justice M Venugopal observed, “Land encroachments were like cancer that slowly ate lung spaces of lands

Publishing Loan Defaulter’s photo is illegal: Calcutta High Court

By Accommodation Times News Services In a landmark judgment, Calcutta High Court had decided Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 (hereafter

Court Judgments on Income Tax related with property

Court Judgments on Income Tax related with property NON – Taxability of surrender of tenancy rights prior to 1-4-94 Gist of recent judgments – 9th March 2000 Compulsory acquisition of immovable properties by Government of India under Chapter XXC of Income Tax Act Court Judgments on Income Tax related with property 1. Madras

Section 54 benefit availabe on Assets Purchased in foreign country or leased for 150 Years

By Accommodation Times News Services Income Tax Appellate Tribunal – Mumbai Mrs. Prema P. Shah  vs Income-Tax Officer Date of Pronouncement: 29 November, 2005 Equivalent citations: 2006 100 ITD 60 Mum, 2006 282 ITR 211 Mum, (2006) 101 TTJ Mum 849 Bench: K Thangal, Vice-, D Srivastava ORDER K.P.T. Thangal, Vice President 1. These appeals are by the