![Calcutta HC dismiss Writ Petition on Availability of Appeal under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/calcutta-high-court-Income-Tax-Act-Calcutta-HC-Dismiss-Writ-Petition-income-tax-news-taxscan.jpg "Calcutta HC dismiss Writ Petition on Availability of Appeal under Income Tax Act [Read Order]")
Calcutta HC dismiss Writ Petition on Availability of Appeal under Income Tax Act [Read Order]
In a recent case, the Calcutta High Court dismiss writ petition on availability of appeal under Income Tax Act, 1961. The Court viewed that since an...
![Section 153C to be used for Third-Party Search Cases: Rajasthan HC quashes Income Tax Notices and Orders u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Section-153C-Third-Party-Search-Cases-Rajasthan-HC-Income-Tax-Notices-taxscan.jpg "Section 153C to be used for Third-Party Search Cases: Rajasthan HC quashes Income Tax Notices and Orders u/s 148 [Read Order]")
![Addition on Unaccounted Sales and Purchases under Income Tax Act Solely Based on Loose Slips is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-Income-tax-act-sales-and-purchases-TAXSCAN.jpg "Addition on Unaccounted Sales and Purchases under Income Tax Act Solely Based on Loose Slips is Invalid: ITAT [Read Order]")
![Exemption u/s 12 A and 80 G of Income Tax Act: Allahabad HC directs to SDA for fresh Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Allahabad-High-Court-SDA-Income-tax-act-Development-authority-TAXSCAN.jpg "Exemption u/s 12 A and 80 G of Income Tax Act: Allahabad HC directs to SDA for fresh Decision [Read Order]")
AO cannot Refer Matter to DVO without Rejecting Books of Account u/s 142A of Income Tax Act: Allahabad HC dismisses Appeals on Lack of Merit [Read Order]
In a recent ruling, the Allahabad High Court dismissed two income tax appeals filed by the Principal Commissioner of Income Tax against Parmarth Iron Pvt. Ltd., affirming that an Assessing Officer (...
![AO cannot Refer Matter to DVO without Rejecting Books of Account u/s 142A of Income Tax Act: Allahabad HC dismisses Appeals on Lack of Merit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Allahabad-high-court-income-tax-appeals-Income-tax-act-dismisses-appeals-TAXSCAN.jpg "AO cannot Refer Matter to DVO without Rejecting Books of Account u/s 142A of Income Tax Act: Allahabad HC dismisses Appeals on Lack of Merit [Read Order]")
Creditworthiness of Share Subscriber Companies Proven: ITAT deletes Addition of Unexplained Share Application Money under Income Tax Act [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of unexplained share application money under the Income Tax Act, 1961 as the creditworthiness of share subscriber...
![Creditworthiness of Share Subscriber Companies Proven: ITAT deletes Addition of Unexplained Share Application Money under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-kolkata-share-companies-ITAT-deletes-unexplained-shares-share-application-money-income-tax-act-taxscan.jpg "Creditworthiness of Share Subscriber Companies Proven: ITAT deletes Addition of Unexplained Share Application Money under Income Tax Act [Read Order]")
Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]
The Allahabad High Court has upheld the decision of the Income Tax Appellate Tribunal ( ITAT ) to delete additions made under Section 14A of the Income Tax Act. The court dismissed the appeal filed...
![Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Deletion-of-Income-Tax-Act-Allahabad-HC-Revenue-Appeal-taxscan.jpg "Deletion of Addition u/s 14A of Income Tax Act: Allahabad HC dismisses Revenue Dept’s Appeal [Read Order]")
Income Tax Raid, No proceedings can be initiated under Prevention of Corruption Act in absence of Material evidence: Karnataka HC [Read Order]
The Karnataka High Court has held that no proceedings can be initiated under Prevention of Corruption Act ( PC ) in the absence of material evidence. The Court found that there is no material...
![Income Tax Raid, No proceedings can be initiated under Prevention of Corruption Act in absence of Material evidence: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Karnataka-High-Court-Income-tax-Income-tax-raid-Corruption-act-TAXSCAN.jpg "Income Tax Raid, No proceedings can be initiated under Prevention of Corruption Act in absence of Material evidence: Karnataka HC [Read Order]")
CSR Expenses Eligible for Deduction u/s 80G of the Income Tax Act: ITAT restores Matter to CIT ( Appeals ) [Read Order]
In a recent case, the Raipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that “Corporate Social Responsibility” ( CSR ) expenses are eligible for deduction under section 80G...
![CSR Expenses Eligible for Deduction u/s 80G of the Income Tax Act: ITAT restores Matter to CIT ( Appeals ) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-CSR-Income-tax-appellate-tribunal-Corporate-social-responsibility-TAXSCAN.jpg "CSR Expenses Eligible for Deduction u/s 80G of the Income Tax Act: ITAT restores Matter to CIT ( Appeals ) [Read Order]")
Income Tax and Corporate Tax Net Collections Surge to Rs. 4.62L Crore in FY 2024-25, Marking 20.99% Hike
The Ministry of Finance has released the net collections of the direct tax which marked a hike of 20.99% for the Financial Year 2024-25 as on 17th June 2024. The provisional figures showed a surge to...
Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]
The Karnataka High Court ruled that the income tax dues pending against borrowers is not a bar for registering property purchased in an auction conducted by the Canara Bank. The court directed the...
![Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/karnataka-high-court-income-tax-dues-property-registration-pending-tax-liability-property-auction-reistration-taxscan.jpg "Income Tax Dues Pending against Borrowers not a Bar for Property Registration Purchased in Auction of Bank : Karnataka HC [Read Order]")