![Kerala HC Orders Stay on Recovery of Demand; Urges Prompt Resolution of Appeal and Stay Petition Within Two Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-High-Court-Recovery-of-Demand-Income-Tax-Department-Income-Tax-taxscan.jpg "Kerala HC Orders Stay on Recovery of Demand; Urges Prompt Resolution of Appeal and Stay Petition Within Two Months [Read Order]")
Kerala HC Orders Stay on Recovery of Demand; Urges Prompt Resolution of Appeal and Stay Petition Within Two Months [Read Order]
The Kerala High Court has intervened in a case involving the recovery of demand by the Income Tax Department, emphasising the importance of a fair...
![Kerala HC halts Recovery Proceedings amidst pending appeals; Directs Commissioner of Income Tax to expedite resolution of Stay Petitions and Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-High-Court-Recovery-proceedings-Income-tax-appeals-Income-tax-taxscan.jpg "Kerala HC halts Recovery Proceedings amidst pending appeals; Directs Commissioner of Income Tax to expedite resolution of Stay Petitions and Appeals [Read Order]")
![Taxpayer is an agriculturalist presents Evidence of Land ownership by wife and children: ITAT deletes addition of 4.76 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxpayer-agriculturalist-Evidence-of-Land-ownership-wife-and-children-ITAT-TAXSCAN.jpg "Taxpayer is an agriculturalist presents Evidence of Land ownership by wife and children: ITAT deletes addition of 4.76 lakhs [Read Order]")
![Madras HC Remands Income Tax Reassessment & Penalty Orders Citing Lack of Participation; Directs Petitioner to Respond to SCN [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-High-Court-Income-tax-Income-tax-reassessment-Respond-to-show-cause-notice-show-cause-notice-taxscan.jpg "Madras HC Remands Income Tax Reassessment & Penalty Orders Citing Lack of Participation; Directs Petitioner to Respond to SCN [Read Order]")
ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that ALP Adjustment is not permissible on a notional amount of royalty paid by an overseas subsidiary and confirmed the CIT(A)'s...
![ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ALP-Adjustment-Notional-Amount-Royalty-Paid-Overseas-Subsidiary-ITAT-taxscan.jpg "ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]")
Deduction u/s 36(1)(va) of Income Tax Act is not allowable if Employees' Contributions are not Paid within Due Dates Specified under PF Act: ITAT [Read Order]
In a recent case, the Bangalore bench of the Income Tax Appellate Tribunal(ITAT) held that deduction under section 36(1)(va) of the Income Tax Act, 1961 is not allowable if employees' contributions...
![Deduction u/s 36(1)(va) of Income Tax Act is not allowable if Employees Contributions are not Paid within Due Dates Specified under PF Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Deduction-Income-Tax-Act-Employees-Contributions-Paid-Due-Dates-PF-Act-ITAT-taxscan.jpg "Deduction u/s 36(1)(va) of Income Tax Act is not allowable if Employees Contributions are not Paid within Due Dates Specified under PF Act: ITAT [Read Order]")
Unlimited Funding and 100% Income Tax Exemption: Know Political Parties’ Tax Contribution to India
Indeed, political parties have been receiving Unlimited funds, a term that implies ‘boundless’. The introduction of Electoral bonds six years ago facilitated this influx of "unlimited funds" into...
Assessment Reopening Notice issued by JAO not in accordance with Section 151A of Income Tax Act is invalid: Bombay HC [Read Order]
A Division bench of the Bombay High Court held that the notice for reopening of assessment is invalid on mere belief of escapement of income when the deduction under Section 80JJAA of the...
![Assessment Reopening Notice issued by JAO not in accordance with Section 151A of Income Tax Act is invalid: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Assessment-Reopening-Notice-JAO-Income-Tax-Act-Bombay-HC-taxscan.jpg "Assessment Reopening Notice issued by JAO not in accordance with Section 151A of Income Tax Act is invalid: Bombay HC [Read Order]")
No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]
In a recent ruling, the Madras High Court quashed the demand in Computation Sheet and Notice as no additions were proposed in the income tax assessment order. The Petitioner, Organization...
![No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Assessment-Order-Madras-HC-Computation-Sheet-Notice-taxscan.jpg "No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]")
Madras HC dismisses WP against Revision Order, Stresses Distinction from Scrutiny Assessment Order u/s 143(3) of IT Act; Directs Pursuit of Statutory Appeal [Read Order]
The Madras High Court has upheld an order under Section 263 of the Income Tax Act, dismissing a writ petition filed against it. The court emphasised the clear distinction between the scrutinised...
![Madras HC dismisses WP against Revision Order, Stresses Distinction from Scrutiny Assessment Order u/s 143(3) of IT Act; Directs Pursuit of Statutory Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-HC-WP-Revision-Order-Scrutiny-Assessment-Order-IT-Act-Statutory-Appeal-taxscan.jpg "Madras HC dismisses WP against Revision Order, Stresses Distinction from Scrutiny Assessment Order u/s 143(3) of IT Act; Directs Pursuit of Statutory Appeal [Read Order]")
Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs Dept Official to be Present in Court on failure to Deposit within Three Weeks [Read Order]
In a recent case, the Himachal Pradesh High Court while observing the non deposit of income tax refund of Rs.1.77Lakh as per the court order, the bench directs the department official to be present...
![Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs Dept Official to be Present in Court on failure to Deposit within Three Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Refund-Non-Deposit-of-Income-Tax-Refund-Income-Tax-updates-tax-news-Tek-Ram-Himachal-Pradesh-High-Court-taxscan.jpg "Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs Dept Official to be Present in Court on failure to Deposit within Three Weeks [Read Order]")