![NFAC Bound by Decisions of Jurisdictional High Court where AO is situated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/NFAC-NFAC-Bound-Jurisdictional-High-Court-Decisions-of-Jurisdictional-High-Court-AO-Assessing-Officer-Income-Tax-Income-Tax-Act-taxscan.jpg "NFAC Bound by Decisions of Jurisdictional High Court where AO is situated: ITAT [Read Order]")
NFAC Bound by Decisions of Jurisdictional High Court where AO is situated: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has recently held the National Faceless Appeal Centre (NFAC) bound by decisions of the...
![Assessee failed to furnish Bank Statement before AO: Delhi HC remands Reassessment Proceedings triggered based on TEP to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bank-Statement-AO-Delhi-HC-Reassessment-TEP-AO-TAXSCAN.jpg "Assessee failed to furnish Bank Statement before AO: Delhi HC remands Reassessment Proceedings triggered based on TEP to AO [Read Order]")
![AO Exceeding Jurisdiction in Enquiring Issues Beyond Scope of Limited Scrutiny is in Violation of CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Jurisdiction-Limited-Scrutiny-Scope-of-Limited-Scrutiny-Violation-of-CBDT-Circular-CBDT-Circular-CBDT-ITAT-Income-Tax-taxscan.jpg "AO Exceeding Jurisdiction in Enquiring Issues Beyond Scope of Limited Scrutiny is in Violation of CBDT Circular: ITAT [Read Order]")
![AO Bound to give Explanation for Not Accepting Submissions of Assessee through a Speaking Order u/s 69 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Explanation-Assessee-Income-Tax-Act-ITAT-Income-Tax-Taxscan.jpg "AO Bound to give Explanation for Not Accepting Submissions of Assessee through a Speaking Order u/s 69 of Income Tax Act: ITAT [Read Order]")
![Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue Necessary Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Implementation-of-DRP-DRP-AO-ITAT-Govt-Guidelines-Taxscan.jpg "Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue Necessary Guidelines [Read Order]")
Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad, has recently while deciding the appeals filed before it, held that addition cannot be made solely based on the statement of the director of a...
![Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Addition-Statement-Director-of-Company-Survey-AO-ITAT-Taxscan.jpg "Addition cannot be Solely Based on Statement of Director of Company during Survey without Independent Finding by AO: ITAT [Read Order]")
No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice on the ground that no tangible material for Assessing Officer (AO) to have ‘reason to believe’ for escapement of income. A return of income was...
![No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Tangible-material-AO-Escapement-of-Income-Escapement-of-Income-Income-Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-taxscan-.jpg "No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]")
Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that relinquishment of right in land earmarked for common utility purposes as per regulatory requirements is not taxable as...
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
![Transport/Supply of Goods is not “Sale”: Tripura HC quashes AO and Demand Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Transport-supply-of-goods-Tripura-HC-AO-Demand-Notice-TAXSCAN.jpg "Transport/Supply of Goods is not “Sale”: Tripura HC quashes AO and Demand Notice [Read Order]")
![Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/investigation-AO-ITAT-loose-papers-dumb-documents-taxscan.jpeg "Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]")
148A(d) order passed by AO violates Natural Justice Principles: Calcutta HC sets aside Non-Speaking Order, directs to Re-adjudicate [Read Order]
Calcutta High Court (HC), division bench of Justice T. Sivagnanam and Justice Hiranmay Bhattacharya set aside the order issued by the Assessing Officer (AO) under section 148A(d). Further, the bench...
![148A(d) order passed by AO violates Natural Justice Principles: Calcutta HC sets aside Non-Speaking Order, directs to Re-adjudicate [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/order-passed-assessing-officer-natural-justice-principles-violation-of-natural-justice-principles-calcutta-high-court-re-adjudicate-Taxscan.jpg "148A(d) order passed by AO violates Natural Justice Principles: Calcutta HC sets aside Non-Speaking Order, directs to Re-adjudicate [Read Order]")
Addition under Head of Undisclosed Stock can't be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that an addition under head of undisclosed stock can't be made based on incomplete tally data from discrepancies. A survey...
![Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Undisclosed-Stock-Incomplete-Tally-Data-ITAT-TAXSCAN.jpg "Addition under Head of Undisclosed Stock cant be made based on Incomplete Tally Data from discrepancies: ITAT [Read Order]")