Income Tax Dept Exposes Massive ₹1,070 Crore Fraud: 90,000 Salaried Taxpayers Involved
The Income Tax Department has identified nearly Rs. 1,070 crore worth of wrongful tax deduction claims made by around 90,000 salaried individuals...
![ITAT quashes AOs Additions of Undisclosed Income and Bogus Expenses due to Lack of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Bangalore-Undisclosed-Income-and-Bogus-Expense-ITAT-quashes-AO-Addition-Lack-of-Evidence-Taxscan.jpeg "ITAT quashes AOs Additions of Undisclosed Income and Bogus Expenses due to Lack of Corroborative Evidence [Read Order]")
![Interest not Leviable from Assessee for Short Payment of Tax due to Payers Default in TDS Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Short-payment-of-tax-due-Payers-default-TDS-deduction-TAXSCAN.jpg "Interest not Leviable from Assessee for Short Payment of Tax due to Payers Default in TDS Deduction: ITAT [Read Order]")
![Sufficient time shall be given to Assessee when pending Petition and Request to keep in Abeyance Appeal Proceedings till disposal is made: ITAT grants relief to Apollo Pharmacies [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Abeyance-Appeal-Proceedings-Apollo-Pharmacies-ITAT-grants-relief-Pharmacies-ITAT-relief-Proceedings-pending-Petition-Petition-Assessee-Taxscan.jpg "Sufficient time shall be given to Assessee when pending Petition and Request to keep in Abeyance Appeal Proceedings till disposal is made: ITAT grants relief to Apollo Pharmacies [Read Order]")
Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]
The Jharkhand High Court observed that the interest under Section 234B of the Income Tax Act, 1961 has to be charged on assessed income and not on returned income. The instant appeal is directed...
![Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-Under-Section-234B-Of-Income-Tax-Act-Income-Tax-Assessed-Income-Jharkhand-High-Court-Returned-Income-Charged-on-Assessed-Income-TAXSCAN.jpg "Interest u/s 234B of Income Tax Act has to be Charged on Assessed Income and not on Returned Income: Jharkhand HC [Read Order]")
Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest under Section 234B of the Income Tax Act 1961 was not necessary when certain income qualified for...
![Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-of-Interest-Income-Qualified-for-Deduction-Interest-Payment-ITAT-taxscan.jpg "Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]")
Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) recently held that advance tax under section 234B of income Tax act 1961 is not applicable when entire income is subject to Tax Deduction at Source. The...
![Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advance-Tax-Tax-Income-Tax-act-Income-Tax-Income-TDS-ITAT-Taxscan.jpg "Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]")
No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]
In a Relief to General Motors Overseas Corporation, the Income Tax Appellate Tribunal (ITAT) reaffirmed that no interest is leviable on the assessees under Section 234B of the Income Tax Act, even on...
![No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-5.jpg "No Interest on Assessees u/s 234B, even on filing of Returns declaring NIL Income at the stage of Reassessment: ITAT grants Relief to General Motors [Read Order]")
![Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]")