![No Approval of Specified Authority u/s 151(ii) of Income Tax Act: Delhi HC quashes Income Tax Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/section-151ii-of-Income-Tax-Act-Delhi-HC-Income-Tax-Notices-taxscan.jpg "No Approval of Specified Authority u/s 151(ii) of Income Tax Act: Delhi HC quashes Income Tax Notices [Read Order]")
No Approval of Specified Authority u/s 151(ii) of Income Tax Act: Delhi HC quashes Income Tax Notices [Read Order]
The Delhi High Court quashed the income tax notice as there was no approval of specified authority under Section 151(ii) of the Income Tax Act, 1961....
![Identity, Creditworthiness of Shares Subscribing Companies, Transaction Genuineness Proven: ITAT deletes addition of 40 Lakhs u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Kolkata-Income-Tax-Section-411-of-Income-Tax-Act-Trading-Liability-Due-Absence-of-Liability-in-Books-Taxscan-1.jpg "Identity, Creditworthiness of Shares Subscribing Companies, Transaction Genuineness Proven: ITAT deletes addition of 40 Lakhs u/s 68 of Income Tax Act [Read Order]")
![AO cannot alter Gross Profit Rate applied by Assessee without objecting to Books of Accounts under Income Tax Act: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Alter-Gross-Profit-Rate-Applied-Assessee-Objecting-Books-of-Accounts-Income-Tax-Act-Allahabad-HC-taxscan.jpg "AO cannot alter Gross Profit Rate applied by Assessee without objecting to Books of Accounts under Income Tax Act: Allahabad HC [Read Order]")
![ITAT allows Exemption to Charitable Trust Considering Activity: Supreme Court denies Delayed SLP Filing by Income Tax Dept. citing Insufficient Cause [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-Court-Income-Tax-ITAT-Income-Tax-Dept-Taxscan.jpg "ITAT allows Exemption to Charitable Trust Considering Activity: Supreme Court denies Delayed SLP Filing by Income Tax Dept. citing Insufficient Cause [Read Judgement]")
![Failed to State Reasonable Cause of Delay: Supreme Court refuses to Condone Delay in Filing Review Petition against Income Tax Order [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-court-of-india-income-tax-income-tax-orders-petition-against-income-tax-petitions-TAXSCAN-1.jpg "Failed to State Reasonable Cause of Delay: Supreme Court refuses to Condone Delay in Filing Review Petition against Income Tax Order [Read Judgement]")
Supreme Court issues Notice on Condonation Application of Delayed SLP Filing by Income Tax Dept challenging Retrospective Effect of Benami Transaction Amendment [Read Judgement]
The Supreme Court issued notice on application of condonation of delay in filing Special leave petition ( SLP ) by Income Tax Department which arose out of impugned final judgment and order...
![Supreme Court issues Notice on Condonation Application of Delayed SLP Filing by Income Tax Dept challenging Retrospective Effect of Benami Transaction Amendment [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-Court-Income-Tax-Income-Tax-Dept-Supreme-Court-Issues-Notice-Taxscan.jpg "Supreme Court issues Notice on Condonation Application of Delayed SLP Filing by Income Tax Dept challenging Retrospective Effect of Benami Transaction Amendment [Read Judgement]")
No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]
The two member bench of Ahmedabad Income Tax Appellate Tribunal ( ITAT ) ruled that no addition should be made on the basis of documents found from third party’s premises during the survey...
![No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-income-tax-news-survey-under-ITAT-Income-tax-additions-TAXSCAN.jpg "No addition shall made on basis of document found from third party’s premises during survey proceedings: ITAT [Read Order]")
TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenue's appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Transfer Pricing Officer ( TPO ) failed to apply the industry filter while determining the Arm's Length Price ( ALP ) of...
![TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenues appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-newS-TPO-fails-to-apply-industry-filter-ITAT-deletes-additions-ITAT-rules-on-TPO-TAXSCAN.jpg "TPO fails to Apply Industry Filter while Determining ALP of Interest: ITAT Deletes addition, Dismisses Revenues appeal [Read Order]")
AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition on grounds that the Assessing Officer ( AO ) failed to issue a notice under Section 148 of the Income Tax Act,...
![AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-Legal-heir-registrations-Legal-heirs-Assessing-officer-TAXSCAN.png "AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]")
No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.16.8 lakhs, stating that there was no cogent evidence to establish that the properties sold by the taxpayer...
![No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Chennai-ITAT-Agricultural-Land-ITAT-Deletes-Addition-of-Rs.16.8-lakhs-tax-news-Taxscan.jpg "No Cogent Evidence to Establish that Properties Sold by Taxpayer are Agricultural Land: ITAT deletes Addition of Rs.16.8 lakhs [Read Order]")