![Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Assessment-Order-Revision-Proceedings-Taxscan.jpg "Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]")
Revision Proceedings u/s 263 Not Maintainable After Assessment Order Declared Non Est: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),ruled that revision proceedings under Section 263 of the Income Tax Act,1961 are not...
![Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-IMP-Transfer-Due-TDS-credit-Taxscan.jpg "Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY [Read Order]")
Refund Adjustment Against Stayed Tax Demand Unlawful: Delhi HC Rules in Favor of Nokia Solutions India, Upholds CBDT Guidelines [Read Order]
The Delhi High Court recently, in the case of Nokia Solutions and Networks India Pvt Ltd, upheld the CBDT guidelines declaring the actions of the Revenue arbitrary. The petitioner, Nokia Solutions...
Bombay HC smacks Notice on 2 Tax Officials for Illegal Arrest of Businessman in Suspected ₹9.5 Crore GST Fraud
The Bombay High Court recently issued notice to two officers of the State Goods and Services Tax ( SGST ) Department for ‘illegally’ arresting a businessman suspected to have fraudulently availed...
CIT(A) Makes Addition Without Considering NRI's Only 50% Ownership Claim in Property: ITAT Remands Matter for Proper Hearing [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the addition made without considering the assessee being a Non-Resident Indian (NRI) had only 50%...
![CIT(A) Makes Addition Without Considering NRIs Only 50% Ownership Claim in Property: ITAT Remands Matter for Proper Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CITA-Makes-Addition-Without-Considering-NRIs-ITAT-ITAT-Remands-Matter-for-Proper-Hearing-Ahmedabad-Bench-of-the-Income-Tax-Appellate-Tribunal-Income-Tax-Act-capital-gains-TAXSCAN.jpg "CIT(A) Makes Addition Without Considering NRIs Only 50% Ownership Claim in Property: ITAT Remands Matter for Proper Hearing [Read Order]")
Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]
The Delhi High Court, in a recent decision, remanded a case to the Assessing Officer ( AO ) for a fresh assessment of a case relating to held-to-maturity ( HTM ) securities. The petitioner, Punjab...
![Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Delhi-High-Court-Income-Tax-Act-Punjab-National-Bank-TAXSCAN.jpg "Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]")