![JCIT has No Power to Issue Sanction for Reassessment u/s 151(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/JCIT-No-Power-Issue-Sanction-Reassessment-us-1511-Income-Tax-Act-Delhi-HC-taxscan.jpg "JCIT has No Power to Issue Sanction for Reassessment u/s 151(1) of Income Tax Act: Delhi HC [Read Order]")
JCIT has No Power to Issue Sanction for Reassessment u/s 151(1) of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court ruled that the Joint Commissioner of Income Tax is not authorized to authorize the start of a reassessment action against an...
![Escaped Assessment in Different Years Cannot Be Consolidated to Meet Threshold Limit u/s 149 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Escaped-Assessment-Consolidated-to-Meet-Threshold-Section-149-of-Income-Tax-Act-taxscan.jpg "Escaped Assessment in Different Years Cannot Be Consolidated to Meet Threshold Limit u/s 149 of Income Tax Act: Delhi HC [Read Order]")
![ITAT Weekly Round-Up [April 1st-26th]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Income-tax-news-Income-tax-updates-ITAT-Tax-judgments-TAXSCAN.jpg "ITAT Weekly Round-Up [April 1st-26th]")
![Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Reassessment-ITR-Alert-Insight-Portal-Patna-HC-taxscan.jpg "Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]")
Allotments to Relatives Disputed: ITAT Remands Section 80-IB(10) Deduction Claim for Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) remanded a matter involving a claim for deduction under Section 80-IB(10) of the Income Tax Act, 1961, for verification of alleged...
![Allotments to Relatives Disputed: ITAT Remands Section 80-IB(10) Deduction Claim for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Allotments-to-Relatives-Disputed-Relatives-Disputed-ITAT-taxscan.jpg "Allotments to Relatives Disputed: ITAT Remands Section 80-IB(10) Deduction Claim for Verification [Read Order]")
ITAT Grants S. 80-IB(10) Deduction for Timely Completed Wings, Holds Remaining Wing to Be Separate Project [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed deduction under section 80-IB(10) of the Income Tax Act, 1961, for profits derived from Wings A to F of a housing project...
![ITAT Grants S. 80-IB(10) Deduction for Timely Completed Wings, Holds Remaining Wing to Be Separate Project [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Timely-Completed-Wings-TAXSCAN.jpg "ITAT Grants S. 80-IB(10) Deduction for Timely Completed Wings, Holds Remaining Wing to Be Separate Project [Read Order]")
CIT(E) Rejected 12AB Registration by Relying on S.13(1)(b): ITAT Restores 12AB Registration Application for fresh adjudication [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter to the Commissioner of Income Tax (Exemption) [CIT(E)] for fresh adjudication after ruling that the rejection of...
![CIT(E) Rejected 12AB Registration by Relying on S.13(1)(b): ITAT Restores 12AB Registration Application for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Ahmedabad-Registration-Application-Tax-exemption-denial-taxscan.jpg "CIT(E) Rejected 12AB Registration by Relying on S.13(1)(b): ITAT Restores 12AB Registration Application for fresh adjudication [Read Order]")
Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court held that an amalgamated company can adjust the written down value (WDV) of assets acquired from its amalgamating companies and claim depreciation on such...
![Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Amalgamated-Company-Adjust-Asset-Value-and-Claim-Depreciation-Central-Govt-Approval-Bombay-HC-TAXSCAN.jpg "Amalgamated Company Can Adjust Asset Value and Claim Depreciation Without Central Govt Approval: Bombay HC [Read Order]")
![CBDT Issues FAQs on Settlement Expenses Disallowance u/s 37 of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Issues-FAQs-Settlement-Expenses-Disallowance-us-37-Income-Tax-Act-taxscan.jpg "CBDT Issues FAQs on Settlement Expenses Disallowance u/s 37 of Income Tax Act [Read Notification]")
![ITAT Condones 450-Day Delay in Income Tax Appeal Filing Due to Former CAs Oversight [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Condones-Delay-Income-Tax-Appeal-Filing-Income-Tax-taxscan.jpg "ITAT Condones 450-Day Delay in Income Tax Appeal Filing Due to Former CAs Oversight [Read Order]")