![Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-assessment-order-Tax-Assessment-Order-Without-Submission-Tax-news-taxscan.jpg "Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]")
Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]
In a recent ruling, the Madras High Court set aside the Income Tax assessment order which was passed hastily without considering the taxpayer's...
![Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Income-Tax-Department-Section-275-Income-Tax-Act-Income-Tax-taxscan.jpg "Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]")
![ITAT upholds Reopening of Income Tax Assessment: grants partial relief w.r.t. unexplained cash deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Assessment-Income-Tax-Assessment-Reopening-unexplained-cash-deposits-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT upholds Reopening of Income Tax Assessment: grants partial relief w.r.t. unexplained cash deposits [Read Order]")
![364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Delay-in-Filing-Appeal-Pursuit-of-Alternative-Remedy-Section-119-Income-Tax-Act-taxscan.jpg "364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]")
![Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CA-Chartered-Accountant-Tax-Audit-Karnataka-High-Court-Karnataka-HC-income-tax-audit-report-taxscan.jpg "Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]")
CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal( ITAT ) ruled that the CIT(A) cannot dismiss an income tax appeal on limitation grounds after condoning the delay. Kyalasanahalli Narayanappa...
![CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Act-Condone-delay-TAXSCAN.jpg "CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]")
Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee ruling that accumulated income can be applied towards the acquisition of fixed assets under Section...
![Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Accumulation-Income-Fixed-Assets-Income-Tax-Taxscan.jpg "Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]")
SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]
The cost of Rs. 5 lakhs was dismissed by the Supreme Court which was imposed by the Allahabad High Court following the power abuse of the income tax department. The apex court condoned the delay,...
![SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Supreme-Court-Allahabad-High-Court-Allahabad-HC-Income-Tax-Dept-Reassessment-with-Incorrect-Information-taxscan.jpg "SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]")
140-Day Delay in Filing Appeal before CIT(A) due to wrong Tax Consultant Advice: ITAT condones Delay [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) condoned a 140-day delay in filing an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] due to the appellant's...
![140-Day Delay in Filing Appeal before CIT(A) due to wrong Tax Consultant Advice: ITAT condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-bangalore-Delay-in-Filing-Appeal-Income-Tax-Appellate-Tribunal-Wrong-Tax-Consultant-Advice-taxscan.jpg "140-Day Delay in Filing Appeal before CIT(A) due to wrong Tax Consultant Advice: ITAT condones Delay [Read Order]")
Revenue Challenges ITAT Decision on Extended Tax Stay Beyond Statutory Limit u/s 254(2A): Madras HC dismisses Matter as Stay Already Expired [Read Order]
In a recent ruling, the Madras High Court dismissed the Appeal against Income Tax Appellate Tribunal's decision on extended tax stay beyond the statutory limit under section 245(2A). This decision...
![Revenue Challenges ITAT Decision on Extended Tax Stay Beyond Statutory Limit u/s 254(2A): Madras HC dismisses Matter as Stay Already Expired [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Revenue-appeal-under-ITAT-Tax-stay-appeal-TAXSCAN.jpg "Revenue Challenges ITAT Decision on Extended Tax Stay Beyond Statutory Limit u/s 254(2A): Madras HC dismisses Matter as Stay Already Expired [Read Order]")
PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Principal Commissioner of Income Tax ( PCIT ) cannot invoke Section 263 of the Income Tax Act, 1961, simply because it...
![PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/PCIT-Limited-Scrutiny-ITAT-taxscan.jpg "PCIT’s Different Views on Unrelated Issues do not Justify Invoking S.263 in Limited Scrutiny: ITAT [Read Order]")
Discrepancy in Form 26AS and Books of Accounts Due to Typographical Error in Receipts: ITAT Sets aside CIT(A) Order [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has set aside the Commissioner of Income Tax (Appeals) order, finding that the discrepancy between Form 26AS and the...
![Discrepancy in Form 26AS and Books of Accounts Due to Typographical Error in Receipts: ITAT Sets aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Appellate-Tribunal-Form-26AS-Form-26AS-discrepancy-books-of-accounts-Typographical-error-in-tax-receipts-taxscan.jpg "Discrepancy in Form 26AS and Books of Accounts Due to Typographical Error in Receipts: ITAT Sets aside CIT(A) Order [Read Order]")