![Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Penalty.jpg "Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]")
Penalty u/s 271(1)(c) of Income Tax Invalid Without Clear Specification of Grounds in Notice: Delhi HC [Read Order]
The Delhi High Court has reaffirmed that penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961, cannot be sustained if the notice...
![Income Tax Return: CBDT Notifies ITR Form 7 for AY 2025-26 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Return-CBDT-ITR-Form-AY-2025-26-taxscan.jpg "Income Tax Return: CBDT Notifies ITR Form 7 for AY 2025-26 [Read Notification]")
![Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITATDelhi-section-148-of-Income-Tax-Act-Income-Tax-ITAT-Quashes-Reopening-Income-Tax-Appellate-Tribunal-taxscan.jpg "Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]")
![Recall Plea Unjustified as Reassessment was already Quashed: ITAT Rejects Revenue’s Miscellaneous Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Kolkata-ITAT-rejects-revenues-application-TAXSCAN.jpg "Recall Plea Unjustified as Reassessment was already Quashed: ITAT Rejects Revenue’s Miscellaneous Application [Read Order]")
![Gauhati HC Sets aside ITAT Order passed Ignoring Provisions of S. 292B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-act-site-img.jpg "Gauhati HC Sets aside ITAT Order passed Ignoring Provisions of S. 292B of Income Tax Act [Read Order]")
Relief to Jindal Saw, Income Tax not Applicable on Incentives Received as Excise Duty Refund, Sales Tax Remission, Sales/VAT Input Tax Refund: ITAT [Read Order]
In a ruling in favour of Jindal Saw Ltd , the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that incentives received in the form of sales tax remission, excise duty refund, or...
![Relief to Jindal Saw, Income Tax not Applicable on Incentives Received as Excise Duty Refund, Sales Tax Remission, Sales/VAT Input Tax Refund: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Relief-to-Jindal-Saw-Income-Tax-Applicable-Incentives-Received-Excise-Duty-Refund-Sales-Tax-Remission-Sales-VAT-Input-Tax-Refund-ITAT-TAXSCAN.jpg "Relief to Jindal Saw, Income Tax not Applicable on Incentives Received as Excise Duty Refund, Sales Tax Remission, Sales/VAT Input Tax Refund: ITAT [Read Order]")
Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessee was ineligible for deduction under Section 54B of the Income Tax Act, 1961 in lieu of land purchases in the...
![Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/land-purchase-in-Wifes-name.jpg "Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]")
Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest paid on a loan cannot be disallowed merely based on suspicion. The tribunal found the addition unjustified since the...
![Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/loans-and-interest-payment.jpg "Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]")
ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee one more opportunity to be heard, despite the assessee having ignored notices from the...
![ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-fresh-hearing.webp "ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]")
AMP Expenses Not Separate International Transaction: Delhi HC Upholds ITAT Decision [Read Order]
The Delhi High Court in a recent ruling,upheld the Income Tax Appellate Tribunal (ITAT) decision for Assessment Year (AY) 2012-13, stating that Advertising, Marketing, and Promotion(AMP) expenses are...
![AMP Expenses Not Separate International Transaction: Delhi HC Upholds ITAT Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/AMP-Expenses-Separate-International-Transaction-Delhi-HC-ITAT-Decision-TAXSCAN.jpg "AMP Expenses Not Separate International Transaction: Delhi HC Upholds ITAT Decision [Read Order]")
30 Day Delay in Filing Form 10B Due to Accountant's Family Medical Issue: Delhi HC Directs CIT(E) to Condone Delay [Read Order]
The Delhi High Court,directed the Commissioner of Income Tax(Exemption)[CIT(E)] to condone the 30-day delay in filing Form 10B for Assessment Year(AY) 2022-23, following the assessee's explanation...
![30 Day Delay in Filing Form 10B Due to Accountants Family Medical Issue: Delhi HC Directs CIT(E) to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Delay-Filing-Form-10B-Accountants-Family-Medical-Issue-Delhi-HC-Directs-CITE-Condone-Delay.jpg "30 Day Delay in Filing Form 10B Due to Accountants Family Medical Issue: Delhi HC Directs CIT(E) to Condone Delay [Read Order]")