Income Tax Act, 1961 - Section 68—Income from undisclosed sources—Addition under section 68—Receipt of share capital—’Round tripping’ of funds Pr. CIT v. BST Infratech Ltd. (2024) 196 TR (A) 506 (Cal-HC) : 2024 TaxPub(DT) 2089 (Cal-HC) Income Tax Act, 1961 - Section 56(2)(x)—Capital gains—Invocation of section 50C—Difference between value adopted by assessee and FMV of flats being within the range of 10% Nalanda Builders (P) Ltd. v. Dy. CIT (2024) 196 TR (A) 505 (Kol-Trib) : 2024 TaxPub(DT) 620 (Kol-Trib) Income Tax Act, 1961 - Section 37(1)—Business expenditure—Provision for performance guarantee/warranties —Allowability of Asstt. CIT v. Radhe Renewable Energy Development (P) Ltd. (2024) 196 TR (A) 498 (Rjk-Trib) : 2024 TaxPub(DT) 935 (Rkt-Trib) Income Tax Act, 1961 - Section 50C—Capital gains—Computation of LTCG—Difference between sale consideration and stamp duty valuation Satyendra Kumar Dhawan v. ITO (2024) 196 TR (A) 502 (Kol-Trib) : 2024 TaxPub(DT) 525 (Kol-Trib) Income Tax Act, 1961 - Section 44BBA—Presumption taxation under section 44BBA—Computation—Whether service tax would form part of gross receipts Cathay Pacific Airways Ltd. v. Asstt. CIT (2024) 196 TR (A) 501 (Kol-Trib) : 2024 TaxPub(DT) 279 (Kol-Trib) Income Tax Act, 1961 - Section 41(1)—Business income under section 41(1)—Remission or cessation of trading liability—Waiver of interest on loan EMEC (P) Ltd. v. CIT (2024) 196 TR (A) 500 (Cal-HC) : 2024 TaxPub(DT) 1738 (Cal-HC) Income Tax Act, 1961 - Section 54F—Capital gains—Deduction under section 54F—Investment in two adjoining residential flats Dy. CIT v. Priyanka Bhaskar Shah (2024) 196 TR (A) 502 (Mum-Trib) : 2024 TaxPub(DT) 4406 (Mum-Trib) Income Tax Act, 1961 - Section 55(2)—Capital gains—Cost of acquisition—Interest on loan taken having no direct nexus with the property purchased Rajesh Saluja v. Dy. CIT (2024) 196 TR (A) 504 (Del-HC) : 2024 TaxPub(DT) 809 (Del-Trib) : (2024) 206 ITD 78 (Del-Trib) Income Tax Act, 1961 - Section 143(3)—Assessment—AO disallowed interest paid on retention money—CIT(A) deleted addition made by AO ACIT v. Noida Cyber Park (P) Ltd. (2024) 196 TR (A) 519 (Del-Trib) : 2024 TaxPub(DT) 801 (Del-Trib) Income Tax Act, 1961 - Section 142A—Assessment—Capital Gains/loss—AO referred cost of acquisition of property under section 142A to DVO—Value of capital shown more than fair market value Nirmala Venkatapathy v. ITO (2024) 196 TR (A) 518 (Chen-Trib) : 2024 TaxPub(DT) 841 (Chenn-Trib)