![Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-ITAT-Ahmedabad-Assessment-Proceeding-Section-147-TAXSCAN.webp "Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]")
Assessment Proceedings should be conducted u/s 153C instead of Section 147 when material is found on Third-Party Premises: ITAT [Read Order]
In a recent judgement, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, based on material found at a third person's...
![No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-28-at-12.42.38_3dd72db0.jpg "No Opportunity of Hearing Required for Taxpayer when Case is Transferred between AO’s within Same City u/s 127 (3): ITAT dismisses Appeal [Read Order]")
![Non-Filing of Evidence for Income from Other Sources: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Evidence-for-Income-from-Other-Sources-Evidence-Taxscan.jpg "Non-Filing of Evidence for Income from Other Sources: ITAT upholds Addition [Read Order]")
![Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Adjudication-Verification-Cash-Credit-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg "Proper Adjudication and Verification Needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act:ITAT [Read Order]")
![ITAT quashes Income Tax Notice & Order issued by AO u/s 148 without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-section-148-Income-Tax-Act-Assessing-Officer-notice-income-tax-notices-taxscan.jpg "ITAT quashes Income Tax Notice & Order issued by AO u/s 148 without Jurisdiction [Read Order]")
![Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Capital-Gain-Capital-Gain-Exemption-Income-Tax-Appellate-Tribunal-ITAT-raipur-revision-assessment-Income-Tax-Appellate-Tribunal-taxscan.jpg "Capital Gain Exemption Shall Not Be Denied Merely Due To Claim Made Additionally: ITAT [Read Order]")
Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]
In a recent ruling, the Delhi High Court directed the Assessing Officer ( AO ) to grant Tax Deducted at Source ( TDS ) credit in compliance with the Income Tax Appellate Tribunal's ( ITAT )...
![Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Delhi-High-Court-Income-Tax-TDS-Credit-TAXSCAN.png "Failure to consider Total TDS deducted and Deposited: Delhi HC directs AO to grant TDS Credit in Compliance of ITAT’s direction [Read Order]")
CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Ahmedabad has ruled that the Commissioner of Income Tax (Appeals) [CIT (A)] cannot dismiss an appeal for non-prosecution under...
![CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-CIT-A-Income-Tax-Appellate-Tribunal-ITAT-orders-Income-Tax-Section-2506-of-the-Income-Tax-Act-appeal-for-non-prosecution-ITAT-NEWS-Income-tax-news-taxscan.jpg "CIT (A) cannot Dismiss Appeal for Non-Prosecution u/s 250 (6): ITAT orders for Fresh-Adjudication [Read Order]")
![AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-under-ITAT-Income-Tax-Reassessment-TAXSCAN.jpeg "AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]")
CBI takes over Bribery Investigation against Central GST Dy. Commissioner and Superintendent, registers FIR
The Central Bureau of Investigation ( CBI ) has taken charge of an Investigation pertaining to allegations of bribery levelled against the Deputy Commissioner and Superintendent of the Central Goods...
Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in a recent case ruled that prepaid finance charges made for business purposes are deductible in the year of payment, and thus amortization is not necessary. ...
![Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Prepaid-Finance-Prepaid-Finance-Charges-Amortization-Amortization-Not-Necessary-itat-about-amortization-Finance-Finance-Charges-tax-news-taxscan.jpg "Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]")