![Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes Reassessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Capital-Gains-Tax-income-tax-Reassessment-Section-148-Income-Tax-Act-Income-tax-act-ITAT-Delhi-TAXSCAN.jpg "Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes Reassessment u/s 148 [Read Order]")
Charging Capital Gains Tax twice on Same Land from Sale Deed Execution is Impermissible: ITAT quashes Reassessment u/s 148 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that charging capital gains tax twice on the same land from the execution of the...
![Issuance of Notice in name of Non-existing entity is Non-curable defect u/s 292B of Income Tax Act: ITAT quashes Reassessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/income-tax-act-ITAT-issuance-of-notice-ITAT-delhi-income-tax-appellant-tribunal-under-Section-292B-of-the-Income-Tax-Act-taxscan.jpg "Issuance of Notice in name of Non-existing entity is Non-curable defect u/s 292B of Income Tax Act: ITAT quashes Reassessment u/s 148 [Read Order]")
![ITAT allows Liquor, Buffet Dinner and Govt Taxes to DLF Resort expenses as Business Promotion Expenses u/s 37(1) [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041080-itat-income-tax-appellate-tribunal-income-tax-news-taxnews.webp "ITAT allows Liquor, Buffet Dinner and Govt Taxes to DLF Resort expenses as Business Promotion Expenses u/s 37(1) [Read Order]")
![Supreme Court takes up Newsclicks Petition against Income Tax Demand, Issues Notice to Dept [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/07/Supreme-Court-Newsclick-Petition-Income-Tax-Demand-Issues-Notice-Dept-taxscan.jpg "Supreme Court takes up Newsclicks Petition against Income Tax Demand, Issues Notice to Dept [Read Judgement]")
Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]
The two member bench of the Income Tax Appellate Tribunal( ITAT ) comprising G.S Pannu ( Vice President) and Anubhav Sharma ( Judicial member) Delhi, quashed the reopening assessment after the...
![Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Long-Term-Capital-Gain-Income-Tax-ReAssessment-Reopening-Assessment-Capital-Gains-Taxscan.jpg "Taxpayer provides Full Details pertaining to LTCG as Exempt u/s 10(38) of Income Tax Act: ITAT quashes Reopening Assessment [Read Order]")
Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]
In a recent case, the Kolkata Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that mere suspicion cannot be a ground for issuance of notice under section 148 of the Income Tax Act,...
![Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Suspicion-mere-suspicion-tax-news-tax-scan.jpg "Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]")
ITAT sets aside Income Tax Reassessment completed without Providing a Copy of the Reasons [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside income tax reassessment completed without providing copy of the reasons.The Tribunal found that Commissioner of Income Tax...
![ITAT sets aside Income Tax Reassessment completed without Providing a Copy of the Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Raipur-Bench-income-tax-reassessment-Raipur-income-Tax-ITAT-Raipur-taxcan-1.jpg "ITAT sets aside Income Tax Reassessment completed without Providing a Copy of the Reasons [Read Order]")
Higher Late Fees payable even in absence of Income Tax Liability on belated ITR Filing when Income > ₹5 Lakhs
The Income Tax Return ( ITR ) late fees under Section 234F for the Assessment Year ( AY ) 2024-25 has thrown a bit of a curveball at individuals who file their income tax return even without having...
