![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]")
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...
![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]](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]](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]](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]")
S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the addition under section 69A of Income Tax Act,1961 cannot be made solely on the claim that the assessee was not a specified...
![S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Section-69A-Income-Tax-Act-Demonetized-Currency-Income-Tax-Appellate-Tribunal-taxscan.jpg "S.69A Addition cannot be made solely on Claim that Assessee not a Specified Person to Accept Demonetized Currency: ITAT [Read Order]")
Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal challenging the validity of the assessment order passed on a struck-off company. This decision was made due to the...
![Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Delhi-locus-standi-Struck-off-company-TAXSCAN.jpeg "Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]")
ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) remitted the matter to the Assessing Officer ( AO ) for reassessment after finding that the Commissioner of Income Tax(Appeals) [CIT(A)]...
![ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Remits-Matter-AO-Reassessment-CITA-Sent-Notices-Incorrect-Email-ID-taxscan.jpg "ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]")
AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the penalty levied under Section 271AAB of the Income Tax Act, 1961 for alleged undisclosed income during the search. The...
![AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Section-271AAB-of-the-Income-Tax-Act-Evidence-Undisclosed-Income-Taxscann.jpg "AO Levied Penalty u/s 271AAB for Alleged Undisclosed Income during Search: ITAT deletes Penalty due to Lack of Clear Evidence [Read Order]")
Hearing Notices Sent by CIT(A) via Email against Assessee's Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has remitted the matter to the Commissioner of Income Tax (Appeals)[CIT(A)] after finding that hearing notices were sent via email,...
![Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-ITAT-News-TAXSCAN.jpeg "Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]")
Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that agricultural land sold to a non-agriculturist retains its status as agricultural land and cannot...
![Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-on-Agriculturist-Agricultural-Land-Remains-Agricultural-Capital-Assets-Taxscan.jpg "Agricultural Land Sold to Non-Agriculturist Remains Agricultural and cannot be treated as Capital Assets: ITAT [Read Order]")
Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]
The two member bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad ruled that expenses incurred on a software project, which was ultimately abandoned and provided no enduring benefit, should...
![Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Service-Tax-Leviable-Services-Nature-Software-Development-CESTAT-taxscan.jpeg "Software Project Abandoned with No Enduring Benefit, Expenses treated as Revenue in Nature: ITAT Deletes Addition [Read Order]")