Aiswarya Krishnadas
![Delhi HC Rules Petitioner Ineligible for Gold Bar Release Over Non-Response to Timely SCN u/s 110(2) of Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/SCN-Customs-Act-Delhi-HC-Delhi-High-Court-Section-1102-of-the-Customs-Act-Petitioner-Delhi-HC-Rules-Taxscan.jpg "Delhi HC Rules Petitioner Ineligible for Gold Bar Release Over Non-Response to Timely SCN u/s 110(2) of Customs Act [Read Order]")
Delhi HC Rules Petitioner Ineligible for Gold Bar Release Over Non-Response to Timely SCN u/s 110(2) of Customs Act [Read Order]
The Delhi High Court ruled that the petitioner is ineligible for the release of the gold bar due to their failure to respond to a timely Show Cause...
![Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-sale-of-flats-taxation-on-money-sale-of-flats-taxation-taxscan.jpg "Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]")
![Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITAT-Allows-Deduction-Bank-of-Bahrain-Kuwait-Taxscan.jpg "Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]")
![Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Transfer-of-Asset.jpg "Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]")
No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], stating that no incriminating evidence was found during the...
![No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Cash-Credit-Unexplained-Cash-Credit-TAXSCAN.jpg "No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]")
Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order, clarifying that the both the Assessing Officer and Commissioner of Income Tax (Appeals)...
![Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Delhi-ITAT-under-Section-147-of-the-Income-Tax-Act-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Assessing-Officer-TAXSCAN.jpg "Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]")
AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax's (PCIT) order, agreeing that the Assessing Officer (AO) failed to conduct proper...
![AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Agricultural-Income-Agriculture-Land-Purchase-ITAT-Land-Purchase-Sources-Bank-Bank-Deposits-tax-news-AOs-Failure-itat-news-agriculture-news-land-purchase-news-ao-news-taxscan.jpg "AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]")
Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]
In a recent judgement, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, based on material found at a third person's premises, assessment proceedings should be conducted...
![Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-ITAT-Ahmedabad-Assessment-Proceeding-Section-147-TAXSCAN.webp "Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]")
No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal, ruling that no opportunity of hearing was required for the taxpayer when a case is transferred between Assessing...
![No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-28-at-12.42.38_3dd72db0.jpg "No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]")
Consultant’s Failure to Inform Petitioner of SCN on Portal : Calcutta HC Sets Aside u/s 73 (9) CGST Act, Remands Case for Fresh Consideration [Read Order]
The Calcutta High Court has set aside the case under Section 73(9) Central Goods and Services Tax (CGST) Act, 2017, as the consultant failed to inform the petitioner of the Show Cause Notice (SCN) on...
![Consultant’s Failure to Inform Petitioner of SCN on Portal : Calcutta HC Sets Aside u/s 73 (9) CGST Act, Remands Case for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-SCN-on-Portal-SCN-Inform-Petitioner-of-SCN-on-Portal-Taxscan.jpg "Consultant’s Failure to Inform Petitioner of SCN on Portal : Calcutta HC Sets Aside u/s 73 (9) CGST Act, Remands Case for Fresh Consideration [Read Order]")
Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]
In a recent ruling, the Delhi High Court directed the Assessing Officer ( AO ) to grant Tax Deducted at Source ( TDS ) credit in compliance with the Income Tax Appellate Tribunal's ( ITAT )...
![Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Delhi-High-Court-Income-Tax-TDS-Credit-TAXSCAN.png "Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]")