![Kerala HC Directs Income Tax Department to Expedite Stay Petition on Assessment Order; Further Proceedings Put on Hold [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-high-court-Kerala-hc-Kerala-hc-news-kerala-income-tax-department-Sea-pride-fuels-TAXSCAN.jpg "Kerala HC Directs Income Tax Department to Expedite Stay Petition on Assessment Order; Further Proceedings Put on Hold [Read Order]")
Kerala HC Directs Income Tax Department to Expedite Stay Petition on Assessment Order; Further Proceedings Put on Hold [Read Order]
The Kerala High Court has directed the Income Tax Department to consider a stay petition filed by Sea Pride Fuels against an assessment order. The...
![Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-HC-CITA-Educational-Trust-Income-Tax-Demand-taxscan.jpg "Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]")
![[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Income-Tax-Advantages-Income-Tax-Advantages-for-Homeowners-Taxsacn.jpg "[TAXSCAN 360] Uncovering Hidden Income Tax Advantages for Homeowners: Deductions u/s 80C and 80EE")
![ITAT allows Deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-deduction-claimed-us-54F-of-Income-Tax-Act-apartment-units-received-pursuant-to-JDA-TAXSCAN.jpg "ITAT allows Deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]")
![No penalty attracted u/s 269SS and 269TT of Income Tax Act on Share Application Money or Repayment: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Calcutta-High-Court-Income-Tax-Act-Section-269SS-269TT-of-the-Income-Tax-Act-tax-news-Taxscan.jpg "No penalty attracted u/s 269SS and 269TT of Income Tax Act on Share Application Money or Repayment: Calcutta HC [Read Order]")
Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCD's [Read Order]
The Bombay High Court has quashed the reassessment notice issued under the Income Tax Act, 1961 as there was no change in the opening and closing stock of the non-convertible debts ( NCDs ). It was...
![Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-Income-Tax-Income-tax-news-non-convertible-debts-Tax-reassessment-taxscan.jpeg "Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]")
Penalty of Rs 49 Crores for Unscrupulous Transactions: Income Tax Dept issues Notice to Tea seller
A Tea seller from Gujarat received an income tax notice and imposed a penalty of Rupees 49 crores for unscrupulous transactions. Khemraj Dave, the tea seller said that “I received the third notice...
Income Tax Applicable on Unsold Flats In real Estate Business as on AY 2018 -2019: ITAT deletes Addition on Notional Rent [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that income tax is applicable on unsold flats in the real estate business as of AY 2018–19. The Tribunal further deleted the notional...
![Income Tax Applicable on Unsold Flats In real Estate Business as on AY 2018 -2019: ITAT deletes Addition on Notional Rent [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Applicable-Unsold-Flats-In-real-Estate-Business-ITAT-Notional-Rent-TAXSCAN-.jpg "Income Tax Applicable on Unsold Flats In real Estate Business as on AY 2018 -2019: ITAT deletes Addition on Notional Rent [Read Order]")
Appeal preferred against Assessment Order under Income Tax Act: Kerala HC stays Recovery of Amount [Read Order]
The Kerala High Court stayed the recovery of amount on the ground that appeal has been preferred against the assessment order under the Income Tax Act, 1961. The petitioner suffered order of...
![Appeal preferred against Assessment Order under Income Tax Act: Kerala HC stays Recovery of Amount [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-High-Court-Income-Tax-Act-Assessment-Order-Income-Tax-news-Taxscan.jpg "Appeal preferred against Assessment Order under Income Tax Act: Kerala HC stays Recovery of Amount [Read Order]")
Legality of revision of Order of ITAT u/s 254 on Ground of Retrospective Overruling: Supreme Court directs to approach prescribed authority under ITAT Order [Read Judgement]
The Supreme Court directed the petitioner to approach the prescribed authority mentioned in the Income Tax Appellate Tribunals Order (ITAT). The Special Leave Petition arose out of the final judgment...
![Legality of revision of Order of ITAT u/s 254 on Ground of Retrospective Overruling: Supreme Court directs to approach prescribed authority under ITAT Order [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/4e60af3b-7a03-4266-9af0-10c290be80c0.jpg "Legality of revision of Order of ITAT u/s 254 on Ground of Retrospective Overruling: Supreme Court directs to approach prescribed authority under ITAT Order [Read Judgement]")