![Extrapolation Not Permitted in Income Tax Search Assessment Proceedings: ITAT rules Order Unsubstantiated, allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/11/2124607-itat-chandigarh-extrapolation-income-tax-assessment-proceedings-itat-search-assessment-extrapolation-in-income-tax-itat-allows-appeal-taxscan.webp "Extrapolation Not Permitted in Income Tax Search Assessment Proceedings: ITAT rules Order Unsubstantiated, allows Appeal [Read Order]")
Extrapolation Not Permitted in Income Tax Search Assessment Proceedings: ITAT rules Order Unsubstantiated, allows Appeal [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has recently held an order which had extrapolated reasonings unsubstantiated. The...
![Trust Deed Clause on Funds Utilization Outside of India Rectified by Amendment and Undertaking: ITAT Sets Matter for Review by CIT(E) on Merits [Read Order]](https://images.taxscan.in/h-upload/2026/02/11/2124590-trust-deed-clause-funds-utilization-outside-india-rectified-amendment-undertaking-itat.webp "Trust Deed Clause on Funds Utilization Outside of India Rectified by Amendment and Undertaking: ITAT Sets Matter for Review by CIT(E) on Merits [Read Order]")
![CBDT Proposes New Income Tax Form 130 to Bring Salary, Pension & Senior Citizen Interest TDS Under Single Reporting Certificate [Read Notification]](https://images.taxscan.in/h-upload/2026/02/10/2124527-cbdt-proposes-new-income-tax-taxscan.webp "CBDT Proposes New Income Tax Form 130 to Bring Salary, Pension & Senior Citizen Interest TDS Under Single Reporting Certificate [Read Notification]")
PCIT(A)'s Change in Opinion from AO’s Reassessment Overruled : ITAT Reiterates Safe Harbour Rules of 10%, Invokes ‘Law Prospicit Non Respicit’ [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, placed reliance on several judgments and held that if the difference between Stamp Duty Valuation and actual consideration of a property is...
![PCIT(A)s Change in Opinion from AO’s Reassessment Overruled : ITAT Reiterates Safe Harbour Rules of 10%, Invokes ‘Law Prospicit Non Respicit’ [Read Order]](https://images.taxscan.in/h-upload/2026/02/10/2124460-ao-reassessment-overruled-itat-reiterates-safe-harbour-rules-law-prospicit-respicit-taxscan.webp "PCIT(A)s Change in Opinion from AO’s Reassessment Overruled : ITAT Reiterates Safe Harbour Rules of 10%, Invokes ‘Law Prospicit Non Respicit’ [Read Order]")
Supreme Court Upholds Gujarat HC Ruling Quashing Mechanical Income Tax Reopening Notices Based on ‘National Shroff Angadiya’ Search Inputs [Read Judgement]
In a recent ruling, the Supreme Court upheld the Gujarat High Court decision which quashed Income Tax reopening notices that were issued mechanically based on “National Shroff Angadiya” search...
![Supreme Court Upholds Gujarat HC Ruling Quashing Mechanical Income Tax Reopening Notices Based on ‘National Shroff Angadiya’ Search Inputs [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/10/2124455-gujarat-high-court-supreme-court-income-tax-reopening-notices-income-tax-notices-national-shroff-angadiya-taxscan.webp "Supreme Court Upholds Gujarat HC Ruling Quashing Mechanical Income Tax Reopening Notices Based on ‘National Shroff Angadiya’ Search Inputs [Read Judgement]")
Rent-Free House Perquisite Formula Changes in Income Tax Rules Draft: 2011 Census and New Slab Rates
Rent-free accommodation is one of the highest-value benefits in many salary packages. It looks simple on paper: the employer provides a house, and the employee stays there. In tax terms, the benefit...
