![Tax Amount already Deposited: Jharkhand HC quashes Criminal Proceedings against Bizman [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Jharkhand-High-Court-criminal-proceedings-Criminal-Proceedings-against-Bizman-Mahindra-franchisee-tax-case-taxscan.jpg "Tax Amount already Deposited: Jharkhand HC quashes Criminal Proceedings against Bizman [Read Order]")
Tax Amount already Deposited: Jharkhand HC quashes Criminal Proceedings against Bizman [Read Order]
The High Court of Jharkhand has quashed criminal proceedings against a tractor trader and franchisee of Mahindra and Mahindra, in a case related to...
![Income Tax Notice Sent to Wrong Address: ITAT sets aside Order u/s 144 of Income Tax Act [ Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-Income-Tax-Act-Income-Tax-Notice-Wrong-Address-Section-144-ITAT-news-ITAT-Sets-Aside-Order-TAXSCAN.jpg "Income Tax Notice Sent to Wrong Address: ITAT sets aside Order u/s 144 of Income Tax Act [ Read Order]")
![Unacknowledged Adjournment Requests: ITAT remands Matter to CIT(A) For Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Unacknowledged-Adjournment-ITAT-CITA-Fresh-Consideration-Adjournment-Requests-Unacknowledged-Adjournment-Requests-itat-to-CITA-tax-news-itat-news-CITA-news-taxscan.jpg "Unacknowledged Adjournment Requests: ITAT remands Matter to CIT(A) For Fresh Consideration [Read Order]")
![Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-ITA-section-148-of-Income-Tax-Act-Income-Tax-Act-ITAT-news-Income-tax-news-taxscan.jpg "Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]")
![Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Madras-High-Court-Income-Tax-Assessment-Order-Bank-Credits-Variation-Income-Tax-Department-taxscan.jpg "Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]")
Compensation u/s 28 of Land Acquisition Act is Taxable u/s 56(2)(viii) r.w.s 145B(1) of Income Tax Act: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the compensation received under Section 28 of the Land Acquisition Act is taxable under section 56(2)(viii) r.w.s 145B(1)...
![Compensation u/s 28 of Land Acquisition Act is Taxable u/s 56(2)(viii) r.w.s 145B(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Compensation-Land-Acquisition-Act-Taxable-Income-Tax-Act-ITAT-taxscan.jpg "Compensation u/s 28 of Land Acquisition Act is Taxable u/s 56(2)(viii) r.w.s 145B(1) of Income Tax Act: ITAT [Read Order]")
Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]
The Karnataka High Court in a recent decision permitted the Tax Exemptions availed by an Assessee on Surplus Funds parked in Fixed Deposits ( FDs ) of banks as per the stipulations of Section 10AA of...
![Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Karnataka-High-Court-SEZ-Exports-TAXSCAN.jpg "Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]")
![Source of Cash Deposits duly Explained: ITAT deleted Addition of Rs. 10.75 u/s 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Cash-Deposits-ITAT-s-69A-section-69a-section-69A-of-the-income-tax-act-income-tax-income-tax-act-explanation-explanation-on-Source-of-Cash-Deposits-itat-explanation-taxnews-taxscan.jpg "Source of Cash Deposits duly Explained: ITAT deleted Addition of Rs. 10.75 u/s 69A [Read Order]")
Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]
The Karnataka High Court ruled in a recent Income Tax Appeal before it, that limitation on the basis of ‘Reasonable Time Limit’ under Section 201 of the Income Tax Act, 1961 applies to Non-Residents...
![Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Relief-MPhasis-Ltd-Reasonable-Time-Limit-Income-Tax-Act-Non-Residents-Karnataka-HC-taxscan.jpg "Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]")
Proper Adjudication and Verification needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for proper verification and adjudication under Section 68 of Income Tax Act, 1961 after...
![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-Income-Tax-Section-68-Income-Tax-Act-Assessing-Officer-unexplained-cash-credits-taxscan.jpg "Proper Adjudication and Verification needed for Addition of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
No reasonable ground u/s 119(2)(b) IT Act: Delhi HC dismisses Delay Condonation Application [Read Order]
The Delhi High Court rejected application of Employees Provident Fund Organisation, New Delhi seeking condonation of delay as the court finds no reasonable grounds for allowing condonation of delays...
![No reasonable ground u/s 119(2)(b) IT Act: Delhi HC dismisses Delay Condonation Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/No-reasonable-ground-1192b-IT-Act-Delhi-HC-Delay-Condonation-Application-taxscan.jpg "No reasonable ground u/s 119(2)(b) IT Act: Delhi HC dismisses Delay Condonation Application [Read Order]")