![Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106539-income-tax-karnataka-hc-bangalore-metro-rail-corp-ltd-taxscan.webp "Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]")
Income Tax SCN issued less than 7 day Response Time violates CBDT’s SOP: Karnataka HC Sets aside Orders against Bangalore Metro Rail Corp Ltd [Read Order]
The Karnataka High Court held that a Show Cause Notice issued with less than the mandatory seven-day response period under the Standard Operating...
![Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2105910-income-tax-form-26a-madras-hc-taxscan.webp "Income Tax alleges Form 26A Filed Belatedly and Only 18 of 25 Supplier Certificates Furnished: Madras HC Orders to Reassess Afresh [Read Order]")
![No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/250x150_2106531-calcutta-high-court-income-tax-reassessment-no-satisfaction-recorded-taxscan.webp "No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]")
![Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90% Relief, Directs Not to be Taxed u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2106040-itat-rajkot-demonetisation-cash-deposit-sale-deeds-wealth-tax-records-taxscan.webp "Demonetisation Cash Deposit Explained through Sale Deeds & Wealth-Tax Records: ITAT Allows 90% Relief, Directs Not to be Taxed u/s 115BBE [Read Order]")
![No ‘Royalty’ on Service Fees Paid under Regional Service Agreement: ITAT Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2106022-royalty-taxscan.webp "No ‘Royalty’ on Service Fees Paid under Regional Service Agreement: ITAT Dismisses Revenue’s Appeal [Read Order]")
CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Rajkot has upheld the addition of ₹3.99 crore made under Section 56(2)(viib) of the Income Tax Act, 1961, holding that the assessee’s Discounted...
![CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/500x300_2105999-ca-icai-itat-taxscan.webp "CA Ignores ICAI’s Technical Guide on Share Valuation: ITAT finds CA Certificate Defective, upholds Tax on Excess Share Premium u/s 56(2)(viib) [Read Order]")
Individual Members Occupying Flats Not a Housing Society: ITAT confirms Tax Liability on Development Rights [Read Order]
In a ruling affirming that individual members occupying flats, not the housing society, are liable for tax on development rights, the Income Tax Appellate Tribunal (ITAT) Mumbai Bench dismissed the...
![Individual Members Occupying Flats Not a Housing Society: ITAT confirms Tax Liability on Development Rights [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106427-flats-housing-society-itat-tax-liability-development-rights-taxscan.webp "Individual Members Occupying Flats Not a Housing Society: ITAT confirms Tax Liability on Development Rights [Read Order]")
Taxpayer alleges Faceless Assessment SOP Breach by Income Tax Dept: Orissa HC orders to take appellate remedy [Read Order]
The Orissa High Court has declined to interfere in a writ petition filed against a faceless assessment order, despite the taxpayer’s allegation that the Income Tax Department violated the Standard...
![Taxpayer alleges Faceless Assessment SOP Breach by Income Tax Dept: Orissa HC orders to take appellate remedy [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106405-taxpayer-faceless-assessment-sop-breach-income-tax-dept-orissa-hc-orders-appellate-remedy-taxscan.webp "Taxpayer alleges Faceless Assessment SOP Breach by Income Tax Dept: Orissa HC orders to take appellate remedy [Read Order]")
Liability of Legal Heir Limited to Assets Inherited from Partners of Defaulter Firm: Punjab & Haryana HC sets aside Income Tax Attachment [Read Order]
The Punjab & Haryana High Court has held that the liability of a legal heir under the Income Tax Act is strictly limited to the value of the estate inherited from the deceased, and in the...
![Liability of Legal Heir Limited to Assets Inherited from Partners of Defaulter Firm: Punjab & Haryana HC sets aside Income Tax Attachment [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106410-legal-heir-punjab-and-haryana-hc-income-tax-attachment-taxscan.webp "Liability of Legal Heir Limited to Assets Inherited from Partners of Defaulter Firm: Punjab & Haryana HC sets aside Income Tax Attachment [Read Order]")
![ITAT allows Full Leave Encashment Exemption Up to ₹25 Lakhs to Retired SBI Employee [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106361-itat-pune-sbi-employee-leave-encashment-exemption-taxscan.webp "ITAT allows Full Leave Encashment Exemption Up to ₹25 Lakhs to Retired SBI Employee [Read Order]")
![Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106319-itat-chandigarh-capital-gains-itat-quashes-taxscan.webp "Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]")
