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![Income Tax Reassessment Initiation must be Evaluated Separately from AOs Post-Reopening Powers: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Income-Tax-Reassessment-Delhi-High-Court-Delhi-HC-TAXSCAN.jpeg "Income Tax Reassessment Initiation must be Evaluated Separately from AOs Post-Reopening Powers: Delhi HC [Read Order]")
Income Tax Reassessment Initiation must be Evaluated Separately from AO's Post-Reopening Powers: Delhi HC [Read Order]
The Delhi High Court ruled that the validity of the initiation of reassessment under Sections 147 and 148 of the Income Tax Act must be evaluated...
![S. 28(iv) of Income Tax cannot be invoked without Business Income from Investment Shares: ITAT rules in Favor of Hero Motocorp [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Hero-Motocorp-ITAT-Hero-Motocorp-income-tax-case-Hero-Motocorp-shares-Hero-Motocorp-LTCG-taxation-TAXSCAN.jpg "S. 28(iv) of Income Tax cannot be invoked without Business Income from Investment Shares: ITAT rules in Favor of Hero Motocorp [Read Order]")
![Discrepancies in Interest Income Data on E-Portal: Bombay HC quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-High-Court-Income-Tax-Act-Interest-Income-Data-on-E-Portal-Income-Tax-E-Portal-Taxscan.jpg "Discrepancies in Interest Income Data on E-Portal: Bombay HC quashes Notice u/s 148 of Income Tax Act [Read Order]")
![ITAT deletes Adjustment on Section 80P Deduction as Taxpayer Filed ITR within Due Date u/s 139(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITR-filed-Income-Tax-Return-taxcan.jpeg "ITAT deletes Adjustment on Section 80P Deduction as Taxpayer Filed ITR within Due Date u/s 139(1) [Read Order]")
![Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-ITAT-Income-Tax-Bank-of-Baroda-Revenue-appeal-against-Bank-of-Baroda-taxscan.jpg "Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]")
![No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Tax-Scheme-FCCD-Deduction-Foreign-Currency-Convertible-Debentures-taxscan.jpg "No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]")
Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]
The case of assessee was taken for scrutiny assessment by issuing a notice under section 143(2) of the Act, the appeal was filed by the assessee against the rejection of exemption claimed with...
![Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Scrip-Share-Prices-TAT-deletes-Additions-Taxscan.jpg "Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]")
Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]
The Delhi High Court allowed the writ petition in favor of Mitsubishi Corporation and quashed the assessment order as the tribunal failed to consider the plenary powers conferred to it under Section...
![Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-Income-Tax-Return-ITR-Mitsubishi-Income-Tax-Mitsubishi-Corporation-tax-taxscan.jpg "Relief to Mitsubishi: Delhi High Court directs AO to consider Revised Income Tax Return [Read Order]")
![Tamil Nadu Advocates Welfare Fund exempted from Income Tax u/s 23 of AWF Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-section-23-of-the-AWS-Act-Tamil-Nadu-Advocates-Welfare-Fund-Taxscan.jpeg "Tamil Nadu Advocates Welfare Fund exempted from Income Tax u/s 23 of AWF Act: ITAT [Read Order]")
![Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Rajasthan-High-Court-ITR-Due-Income-Tax-Return-ITR-Tax-news-Taxscan.jpeg "Delay in Filing ITR due to Age and Depression: Rajasthan HC Condones Delay [Read Order]")
S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]
In a recent case, the Income Tax Appellate Tribunal ( ITAT ) of Chennai directed the Commissioner of Income Tax (Exemption) [ CIT (E) ] to consider the fresh application submitted by a Trust as per...
![S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Application-for-Registration-IT-ActTrust-constructs-Building-deriving-Funds-from-Trust-on-Land-Owned-by-Trustees-ITAT-TAXSCAN.jpg "S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]")