![No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Assessment-Delhi-HC-Re-Assessment-Reopening-of-Income-Tax-Assessment-delhi-hc-about-income-tax-assessment-income-tax-news-delhi-hc-news-taxnews-taxscan.jpg "No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]")
No Reopening of Income Tax Assessment on Entirely New Material: Delhi HC upholds Right of Assessee to Challenge Re-Assessment [Read Order]
In a recent ruling of Delhi High Court the right of assessee to challenge reassessment was upheld allowing the writ petition of the petitioner.The...
![ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Remands-ITAT-Cuttack-CITA-Evidence-Issues-Income-Tax-Appellate-Tribunal-ITAT-Commissioner-Of-Income-Tax-TAXSCAN.jpg "ITAT Remands Case Back to CIT(A) for Reconsideration Due to Non-Compliance and Evidence Issues [Read Order]")
![Addition u/s 68 of Income Tax Act deleted on Establishment of Source of Income: Calcutta HC upholds ITAT’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-Calcutta-High-Court-ITAT-Order-Income-Tax-Act-Taxscan.jpg "Addition u/s 68 of Income Tax Act deleted on Establishment of Source of Income: Calcutta HC upholds ITAT’s Order [Read Order]")
![AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-AO-Income-Tax-Income-Tax-Rule-Assessing-Officer-Income-Tax-Appellate-Tribunal-taxpayer-taxpayers-claim-taxscan.webp "AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]")
![Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Filing-Filing-Delayed-Madras-High-Court-Rectification-Application-taxscan-1.jpg "Income Tax Appeal Filing Delayed by 4 Days due to Delay in Considering Rectification Application: Madras HC sets aside Order [Read Order]")
Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]
In a recent case, the Calcutta High Court set aside the order of the Income Tax Appellate Tribunal ( ITAT ) which affirms the Commissioner of Income Tax (Appeal)’s Order. It was found that the CIT(A)...
![Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Order-Income-and-Profit-under-ITAT-CIT-income-estimation-failure-TAXSCAN.jpg "Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read Order]")
Ex Parte Order Passed by ITAT Due to Non Appearance: Calcutta HC Allows Appeal On Condition of Paying 1 Lac to Bar Association [Read Order]
In a recent case, the Calcutta High court allowed the Income Tax Appeal on condition of paying one lakh to Bar Association as the assessee prayed for one opportunity for hearing. The Income Tax...
![Ex Parte Order Passed by ITAT Due to Non Appearance: Calcutta HC Allows Appeal On Condition of Paying 1 Lac to Bar Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-court-ITAT-ITAT-Due-Ex-Parte-Order-Ex-Parte-Taxscan.jpg "Ex Parte Order Passed by ITAT Due to Non Appearance: Calcutta HC Allows Appeal On Condition of Paying 1 Lac to Bar Association [Read Order]")
Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity: Calcutta HC Upholds ITAT’s Order [Read Order]
In a recent case, the Calcutta High Court upheld the decision of Income Tax Appellate Tribunal ( Tribunal ) that the assessee can apply for registration under section 80g(5)(iii) of the Income Tax...
![Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity: Calcutta HC Upholds ITAT’s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-ITAT-Order-HC-Upholds-ITATs-Order-section-80g5iii-Income-Tax-Act-taxscan.jpeg "Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity: Calcutta HC Upholds ITAT’s Order [Read Order]")
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
In a significant case, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has Income tax addition on interest income received out of Fixed Deposits ( FDs) is invalid in absence of corroborative...
![Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Income-Tax-Addition-FD-Interest-Income-Corroborative-Evidence-Tax-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-taxscan.jpg "Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]")
No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has overturned an order regarding Concealment of Income, passed by the Commissioner of Income Taxes (Appeals) ( CIT(A) ) pertaining...
![No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Order-Income-Tax-Commissioner-Penalty-order-by-AO-TAXSCAN.jpg "No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]")
ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal, upholding the Commissioner of Income Tax (Appeals) [ CIT(A) ]'s decision to delete the addition made by...
![ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITAT-Upholds-CIT-A-Ruling-AO-Assessing-officer-Bogus-LTCG-taxscan.jpg "ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]")
ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT)Â allowed the appeal,deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 and noted that the co-operative bank in...
![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-Co-operative-Bank-ITAT-Deletes-Income-Tax-Appellate-Tribunal-ITAT-Deposit-Insurance-and-Credit-Guarantee-Corporation-DICGC-Section-2711c-of-the-Income-Tax-Act-taxscan.jpg "ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]")