Corporate and Professional updates 13th march 2018
Direct Tax: ITAT Delhi held that Section 54/54F flat booked with builder can be considered as construction of flat. ACIT Vs. Sh. Vineet Kumar Kapila (ITAT Delhi) Kolkata ITAT deletes penalty levied u/s 271E (for violating conditions u/s 269T by repaying loan other than through banking channels) for conversion of loan into equity by assessee-company …