Aparna. M
Reconsidering Decision rendered in Earlier Regular Assessment amount to “Change of Opinion”: Bombay HC Quashes Re-Assessment [Read Order]
In a significant case the Bombay High Court bench of Justice Dhiraj Singh Thakur and Valmiki Sa Menezes, Observed that reconsidering decisions...
![Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Mere-Change-of-Opinion-Jurisdiction-Re-Open-Assessment-Bombay-HC-Taxscan.jpg "Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]")
![Payments Towards Bus Hire Charges and Wharfage Charges are subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Payments-Bus-Hire-Charges-Wharfage-Charges-TDS-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Payments Towards Bus Hire Charges and Wharfage Charges are subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
![No Incriminating Material found during Search: Madhya Pradesh HC Upholds Order Deleting Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/No-Incriminating-Material-Search-Madhya-Pradesh-High-Court-Deleting-Addition-Addition-Taxscan.jpg "No Incriminating Material found during Search: Madhya Pradesh HC Upholds Order Deleting Addition [Read Order]")
![Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Audit-Re-Assessment-Notice-TAXSCAN.jpg "Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]")
![Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bank-Charges-Loan-Revenue-Expenditure-ITAT-TAXSCAN.jpg "Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]")
![Firm liable for Levy of Surcharge Only When Total Income Exceeds One Crore Rupees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Levy-of-Surcharge-Total-Income-ITAT-Surcharge-Income-Taxscan.jpg "Firm liable for Levy of Surcharge Only When Total Income Exceeds One Crore Rupees: ITAT [Read Order]")
![Commission to Whole Time Director is Part of Salary, Subject to TDS u/s 192: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Commission-Whole-Time-Director-Salary-TDS-ITAT-Taxscan.jpg "Commission to Whole Time Director is Part of Salary, Subject to TDS u/s 192: ITAT [Read Order]")
Benefit of TDS shall be Allowed in Intimation u/s 143(1) of Income Tax Act Even If It is Not Deposited: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) recently held that benefit of Tax deduction at source should not be allowed in intimation under section 143(1) of Income Tax Act 1961 if it...
![Benefit of TDS shall be Allowed in Intimation u/s 143(1) of Income Tax Act Even If It is Not Deposited: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Income-Tax-Act-Income-Tax-ITAT-Tax-taxscan.jpg "Benefit of TDS shall be Allowed in Intimation u/s 143(1) of Income Tax Act Even If It is Not Deposited: ITAT [Read Order]")
Income of Fine, Lab Fee, Founder Day Charges, Photograph Charges are Incidental to Running of Educational Institution: ITAT Allows Income Tax Exemption [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) recently allowed income tax exemptions to educational institutions for income of fine, lab free, founder day charges, photograph charges. ...
![Income of Fine, Lab Fee, Founder Day Charges, Photograph Charges are Incidental to Running of Educational Institution: ITAT Allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Lab-Fee-Photograph-Charges-Educational-Institution-ITAT-Income-Tax-Exemption-TAXSCAN.jpg "Income of Fine, Lab Fee, Founder Day Charges, Photograph Charges are Incidental to Running of Educational Institution: ITAT Allows Income Tax Exemption [Read Order]")
Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]
The Indore bench of Income Tax Appellate Tribunal (ITAT) recently directed the assessing officer to re-adjudicate assessee’s eligibility under section 80P of income tax act 1961 in respect of...
![Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Eligibility-us-80P-Buildings-Godowns-Co-operative-Society-ITAT-Re-Adjudication-Taxscan.jpg "Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]")
Order of Property Attachment U/S 45 of Gujarat VAT Act for non payment of tax is invalid, If property were free from Encumbrances: Gujarat HC [Read Order]
The Gujarat High court recently in a writ petition filed before it held that if the property was free from Encumbrances the order of property attachment under section 45 Of Gujarat Value Added Tax...
![Order of Property Attachment U/S 45 of Gujarat VAT Act for non payment of tax is invalid, If property were free from Encumbrances: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Auction-sale-SERFAESI-Act-Gujarat-Value-Added-Tax-Act-Gujarat-High-Court-Taxscan.jpg "Order of Property Attachment U/S 45 of Gujarat VAT Act for non payment of tax is invalid, If property were free from Encumbrances: Gujarat HC [Read Order]")