![No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Debt-Free-TPO-No-Notional-Interest-Taxscan.jpg "No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]")
No Notional Interest to be assumed by TPO on Deferred Receivables to Debt-Free Company: Delhi HC [Read Order]
The ruled that no notional interest can be assumed by the Transfer Pricing Officer ( TPO ) on deferred receivables from a debt-free company. The...
![Capital Gains Taxation Should Be Based on Receipt of Possession, Not Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Property-Tax-Liability-Occupancy-Certificate-Issuance-of-Occupancy-Certificate-Karnataka-High-Court-property-tax-payment-Property-Tax-Liability-taxscan.jpg "Capital Gains Taxation Should Be Based on Receipt of Possession, Not Occupancy Certificate: ITAT [Read Order]")
![CIT(E)s Fails to Serve Email Notices due to Technical Glitch: ITAT Condones Delay, remands Rejection of Registration u/s 80G(5) Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Ahmedabad-ITAT-Income-Tax-Notice-Email-CITE-Taxscan.jpg "CIT(E)s Fails to Serve Email Notices due to Technical Glitch: ITAT Condones Delay, remands Rejection of Registration u/s 80G(5) Matter [Read Order]")
![AO made Addition u/s 68 due to Mismatch in Loan Creditors Voter ID and Bank Statement Photo: ITAT remands to Produce Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Delhi-Bank-loan-Statement-TAXSCAN.jpg "AO made Addition u/s 68 due to Mismatch in Loan Creditors Voter ID and Bank Statement Photo: ITAT remands to Produce Evidence [Read Order]")
![Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Reassessment-Co-operative-Banks-Reassessment-Notice-TAXSCAN.jpg "Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]")
Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]
In a recent case, the Calcutta High Court dismissed the appeal on finding that the Income Tax Appellate Tribunal ( ITAT ) correctly re-examined the correctness of factual findings in order...
![Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Calcutta-High-Court-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-section-153-Income-Tax-Act-taxscan.jpg "Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT: Calcutta HC Dismisses Appeal [Read Order]")
Calcutta HC Stays Assessment Order Passed U/s 148 of Income Tax Act due to Jurisdictional Error [Read Order]
The Calcutta High Court in a recent case stayed the assessment order passed under section 148 of the Income Tax Act, 1961 due to jurisdictional error. Rahul Saraf, the petitioner challenged the...
![Calcutta HC Stays Assessment Order Passed U/s 148 of Income Tax Act due to Jurisdictional Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/income-Tax-Income-Tax-Act-Income-Tax-Assessment-jurisdictional-error-TAXSCAN.jpg "Calcutta HC Stays Assessment Order Passed U/s 148 of Income Tax Act due to Jurisdictional Error [Read Order]")
No Failure to Disclose Material Facts: Bombay HC quashes Income Tax Reassessment Proceedings [Read Order]
The Bombay High Court quashed the reassessment proceedings initiated against Aashish Niranjan Shah for the assessment year ( AY ) 2013-14 as there was no failure to disclose material facts. The...
![No Failure to Disclose Material Facts: Bombay HC quashes Income Tax Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Bombay-High-Court-Income-tax-Income-Tax-Reassessment-Disclose-Material-Facts-taxscan.jpg "No Failure to Disclose Material Facts: Bombay HC quashes Income Tax Reassessment Proceedings [Read Order]")
Relief to Microsoft and Others as Delhi HC quashes Income Tax Assessment Order issued w/o Draft Order [Read Order]
In this case, one of the writ petitioners, Microsoft India, had filed its Income Tax Returns ( ITR ) on 30, 2008, for the Assessment Year 2008-2009. The returns filed were selected for scrutiny, and...
![Relief to Microsoft and Others as Delhi HC quashes Income Tax Assessment Order issued w/o Draft Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Returns-ITR-Microsoft-income-tax-case-India-TAXSCAN.jpg "Relief to Microsoft and Others as Delhi HC quashes Income Tax Assessment Order issued w/o Draft Order [Read Order]")
CIT(A) Pronounces Ex-Parte decision on Unexplained Cash Credits ignoring Adjournment Request filed through Email: ITAT remands Matter [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning unexplained cash credits back to the Commissioner of Income Tax (Appeals). This decision was taken...
![CIT(A) Pronounces Ex-Parte decision on Unexplained Cash Credits ignoring Adjournment Request filed through Email: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/TAT-Income-Tax-Appellate-Tribunal-ITAT-delhi-CITA-Ex-Parte-Decision-Cash-Credits-Unexplained-Cash-Credits-TAXSCAN.jpg "CIT(A) Pronounces Ex-Parte decision on Unexplained Cash Credits ignoring Adjournment Request filed through Email: ITAT remands Matter [Read Order]")
No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]
The Himachal Pradesh High Court, stayed an Income Tax notice issued under Section 148 of the Income Tax Act, 1961, on the grounds of lack of jurisdiction by the Jurisdictional Officer. In this...
![No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Himachal-Pradesh-High-Court-Income-Tax-Act-Income-Tax-notice-under-Section-148-of-the-Income-Tax-Act-Jurisdictional-Officer-under-section-151A-of-income-tax-act-high-court-news-taxscan-1.jpg "No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]")
Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]
In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals), asserting that simply making a claim that is not...
![Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-ITAT-Upholds-CIT-A-Order-Income-Tax-Appellate-Tribunal-Furnishing-Particulars-taxscan.jpg "Mere Claim does not constitute Furnishing of Inaccurate Particulars for being Unsustainable: ITAT [Read Order]")