Link your PAN with Aadhaar by 31st May: Here's why It's Important for Income Tax Deductions
The Income Tax Department has issued a new reminder of the linking of PAN ( Permanent Account Number ) with Aadhaar. The last date to link is May...
![Taxpayer Follows Mercantile System of Accounting Consistently: ITAT allows Deduction of Rs. 34.2 lakhs u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Section-57-of-the-Income-Tax-Act-ITAT-Kolkata-income-tax-deduction-Taxscan.jpg "Taxpayer Follows Mercantile System of Accounting Consistently: ITAT allows Deduction of Rs. 34.2 lakhs u/s 57 of Income Tax Act [Read Order]")
![Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/income-Tax-Appellate-Tribunal-ITAT-ITAT-chennai-Panel-jurisdiction-taxscan.jpg "Assessment Order made after Expiry of One Month of Receiving Directions from dispute Resolution Panel is Time Barred: ITAT [Read Order]")
![No addition is Permitted u/s 68 of Income Tax Act as Unsecured Loan when Cash Deposits in Bank A/c of Lender Firm is Accepted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-Tax-Act-Section-68-of-the-Income-Tax-Act-Income-Tax-Tax-news-Taxscan.jpg "No addition is Permitted u/s 68 of Income Tax Act as Unsecured Loan when Cash Deposits in Bank A/c of Lender Firm is Accepted: ITAT [Read Order]")
ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal under Section 68 of the Income Tax Act,1961 due to the absence of an explanation for the transactions. The...
![ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-tax-appellate-tribunal-income-tax-acts-Income-tax-sections-Section-68-TAXSCAN.jpg "ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]")
No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment under Section 153A of the Income Tax Act, 1961 as no incriminating material was found during the course of the...
![No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Income-tax-news-Income-tax-search-Income-tax-assessment-taxscan.jpg "No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]")
Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to quash the assessment order issued under Section 143(3) of the Income Tax Act, 1961 stating that the issuance of...
![Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Issuance-of-Notice-Dead-Person-ITAT-AO-Assessment-Order-Income-Tax-Act-taxscan.jpg "Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]")
'Co-ordinated Investigation' to Avoid Tax Evasion is Good Ground For Transfer Case from ITO to DCIT: Delhi HC upholds Order u/s 127 of Income Tax Act [Read Order]
The Delhi High Court has held that 'Co-Ordinated Investigation' to avoid tax evasion is good ground for transferring the case from the Income Tax Officer ( ITO ) to the Deputy Commissioner of...
![Co-ordinated Investigation to Avoid Tax Evasion is Good Ground For Transfer Case from ITO to DCIT: Delhi HC upholds Order u/s 127 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Co-ordinated-Investigation-Avoid-Tax-Evasion-Good-Ground-For-Transfer-Case-from-ITO-DCIT-Delhi-HC-us-127-of-Income-Tax-Act-TAXSCAN.jpg "Co-ordinated Investigation to Avoid Tax Evasion is Good Ground For Transfer Case from ITO to DCIT: Delhi HC upholds Order u/s 127 of Income Tax Act [Read Order]")
Supreme Court Condones Income Tax Dept's Delay in SLP Filing Against Telangana HC Decision on Assessment Order, Issues Notice [Read Judgement]
The Supreme Court has issued notice after condoning the Income Tax Department's delay in filing the Special Leave Petition against the Telangana High Court's decision on the assessment order. The...
![Supreme Court Condones Income Tax Depts Delay in SLP Filing Against Telangana HC Decision on Assessment Order, Issues Notice [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-Court-Assessment-Order-Special-Leave-Petition-taxscan.jpg "Supreme Court Condones Income Tax Depts Delay in SLP Filing Against Telangana HC Decision on Assessment Order, Issues Notice [Read Judgement]")
