Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes
Income Tax
The Income Tax Appellate Tribunal (ITAT) ruled that charging capital gains tax twice on the same land from the execution of a sale deed is impermissible. ITAT quashed a reassessment under section 148, emphasizing that capital gains tax should not be levied twice on the same transaction. The case underscores the importance of correctly applying tax assessments to avoid duplication in taxation events.
