![Challenge against Attachment Order by Income Tax Dept: Kerala HC Permits to Withdraw 20 % of Pending Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Challenge-Attachment-Income-Tax-Dept-Kerala-HC-Withdraw-20-Pending-Demand-taxscan.jpg "Challenge against Attachment Order by Income Tax Dept: Kerala HC Permits to Withdraw 20 % of Pending Demand [Read Order]")
Challenge against Attachment Order by Income Tax Dept: Kerala HC Permits to Withdraw 20 % of Pending Demand [Read Order]
The Kerala High Court in its recent judgement related to income tax department’s attachment order, permitted to withdraw 20% of the pending demand....
![₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Addition-Income-Tax-Assessment-ex-parte-TAXSCAN.jpg "₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]")
![Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Hyderabad-Cash-Deposit-Income-Tax-Assessment-Income-Tax-Income-Tax-Appellate-Tribunal-Taxscan.jpg "Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]")
![TDS Violation Demand Order issued in name of Previous Company rectifiable u/s 292B of IT Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Delhi-HC-Delhi-High-Court-TDS-Violation-TDS-Violation-Demand-TDS-TDS-Violation-Demand-Order-Violation-Demand-Order-Order-issued-taxscan.jpg "TDS Violation Demand Order issued in name of Previous Company rectifiable u/s 292B of IT Act: Delhi HC [Read Order]")
![ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Condones-Delay-taxscan.jpg "ITAT Condones 50-day Delay, Directs CIT(A) for Fresh Adjudication in Interest of Substantial Justice [Read Order]")
ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals) [CIT(A)] for reassessment, allowing the assessee another opportunity to...
![ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Chennai-ITAT-Income-Tax-Cash-Credit-taxscan.jpg "ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order]")
ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the entire bank credit of the assessee should be treated as business receipts for income estimation under Section 44AD of the...
![ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Section-44AD-Income-Tax-Act-bank-credits-as-business-receipts-taxscan.jpg "ITAT Rules Entire Bank Credit as Business Receipts for Income Estimation u/s 44AD of income Tax Act [Read Order]")
ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.53.23 Lakhs on cash deposits during the demonetization period and directed the Assessing Officer ( AO ) to...
![ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Chennai-ITAT-Deletes-Addition-on-Cash-Deposits-Demonetization-Re-computation-of-income-Taxscan.jpg "ITAT Deletes Addition of Rs.53.23 Lakh on Cash Deposits During Demonetization, Directs Re-computation of Income [Read Order]")
CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]
The Central Board of Direct Taxes ( CBDT ), through Notification No. 118/2024 dated November 12, 2024, has granted the Petroleum and Natural Gas Regulatory Board ( PNGRB ) an income tax exemption...
![CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Petroleum-and-Natural-Gas-Regulatory-Board-TAXSCAN.jpg "CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]")
Assessment against Non-Existent Entity cannot be Cured by Invoking S. 292 Income Tax Act: ITAT [Read Order]
In a recent case before Income Tax Appellate Tribunal ( ITAT ), New Delhi it was ruled that an assessment against a non-existent entity cannot be rectified by invoking Section 292 of the Income Tax...
![Assessment against Non-Existent Entity cannot be Cured by Invoking S. 292 Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-New-Delhi-Income-Tax-Income-Tax-Act-Section-292-of-Income-Tax-Act-Section-292-of-ITA-Taxscan.png "Assessment against Non-Existent Entity cannot be Cured by Invoking S. 292 Income Tax Act: ITAT [Read Order]")
Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order]
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that Income Tax addition is not applicable on the interest income from government project funds deposited as...
![Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Bangalore-Income-Tax-Addition-Interest-Income-from-Govt-Project-Funds-Taxscan.jpg "Income Tax Addition not applicable on Interest Income from Govt. Project Funds Deposited if Interest Entirely remitted back to Central/State Govt: ITAT [Read Order]")