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Principal Commissioner of Income Tax

Buyer - of - Property - ITAT - Re - do - Addition - TAXSCAN
S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]
January 21, 2023
Revision - Order - DIN - ITAT - TAXSCAN
Revision Order without DIN is Invalid: ITAT [Read Order]
January 19, 2023
Kamal - Naths - Unaccounted - Cash - Transactions - Calcutta - HC - Transfer - Income - Tax - Delhi - TAXSCAN
Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]
January 7, 2023
CIT(E) - Registration - ITAT - rules - Tata - Education - TAXSCAN
CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]
December 31, 2022
No - Additions - Deposit - of - Demonetized - Currency - if - Advance - Tax - paid - under - PMGKY - Scheme - ITAT - TAXSCAN
No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]
December 15, 2022
Revisional Jurisdiction - Assessment - Assessing Officer - ITAT - taxscan
Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]
November 8, 2022
Revision - TCS - Appeal - ITAT - taxscan
Revision u/s 263 on Ground of Failure to Collect TCS Invalid during Pendency of First Appeal: ITAT [Read Order]
October 28, 2022
ITAT - Revisional Order - LTCG - STT - taxscan
ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]
October 21, 2022
Jurisdiction - enquiry - ITAT - Revisional order - taxscan
Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]
October 11, 2022
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    • February 8, 2023
    • The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that no tax is required to be deducted at source on software trading if sales tax is already remitted. Assessee Techknowledgy Interactive Partners P. Ltd is a private limited company engaged in the business of trading in software and software products. They filed the […]
    • Completion - Investigation - Condition - Eligibility - SVLDR Scheme - SVLDR Scheme 2019 - Bombay High Court - Taxscan
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    • February 7, 2023
    • In a recent judgement, the High Court (HC) of Bombay has held that the completion of the Investigation is not a condition precedent for eligibility under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Access Platform Equipments Limited, the Petitioner had applied under seeking benefit thereunder SVLDR Scheme 2019 which has been denied to the […]
    • Revision Jurisdiction - Conjectures - Suspicions - ITAT - Income Tax - Tax - Taxscan
    • Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]
    • February 7, 2023
    • The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), observed that initiation of revision jurisdiction on mere conjectures, suspicions and surmises is invalid. The assessment in the hands of the assessee, Impact Foundation (India), for the year under consideration was completed by the AO under Section 143(3) of the Income Tax Act […]
    • SCN - Allegations - Notice - Delhi High Court - GST Portal - Taxscan
    • SCN Must Clearly State Allegations that the Concerned Notice has to Meet: Delhi HC Quashes Notice through GST Portal [Read Order]
    • February 7, 2023
    • The Division Bench of Delhi High Court has quashed the notice issued through GST portal holding that the show cause notice (SCN) must clearly state the allegation that the concerned notice has to be met. The petitioner, Surender Kumar Jain has filed the petition against the impugned Show Cause Notice which called upon the petitioner […]
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    • TDS on Software Trading - TDS - Sales Tax - ITAT - Income Tax - taxscan
    • No TDS on Software Trading If Sales Tax is Already Remitted: ITAT [Read Order]
    • February 8, 2023
    • The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that no tax is required to be deducted at source on software trading if sales tax is already remitted. Assessee Techknowledgy Interactive Partners P. Ltd is a private limited company engaged in the business of trading in software and software products. They filed the […]
    • Completion - Investigation - Condition - Eligibility - SVLDR Scheme - SVLDR Scheme 2019 - Bombay High Court - Taxscan
    • Completion of Investigation not a Condition Precedent for Eligibility under SVLDR Scheme 2019: Bombay HC [Read Order]
    • February 7, 2023
    • In a recent judgement, the High Court (HC) of Bombay has held that the completion of the Investigation is not a condition precedent for eligibility under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. Access Platform Equipments Limited, the Petitioner had applied under seeking benefit thereunder SVLDR Scheme 2019 which has been denied to the […]
    • Revision Jurisdiction - Conjectures - Suspicions - ITAT - Income Tax - Tax - Taxscan
    • Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]
    • February 7, 2023
    • The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), observed that initiation of revision jurisdiction on mere conjectures, suspicions and surmises is invalid. The assessment in the hands of the assessee, Impact Foundation (India), for the year under consideration was completed by the AO under Section 143(3) of the Income Tax Act […]
    • SCN - Allegations - Notice - Delhi High Court - GST Portal - Taxscan
    • SCN Must Clearly State Allegations that the Concerned Notice has to Meet: Delhi HC Quashes Notice through GST Portal [Read Order]
    • February 7, 2023
    • The Division Bench of Delhi High Court has quashed the notice issued through GST portal holding that the show cause notice (SCN) must clearly state the allegation that the concerned notice has to be met. The petitioner, Surender Kumar Jain has filed the petition against the impugned Show Cause Notice which called upon the petitioner […]
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