![No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nexus-Information-Escapement-of-Income-Income-ITAT-Assessment-AO-taxscan.jpg "No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]")
No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), invalidated assessment by the Assessing Officer (AO) on the ground that there is no...
![AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/AO-Addition-Limited-Scrutiny-ITAT-Income-Tax-taxscan.jpg "AO cant make Addition beyond an issue which are not part of the reasons for Limited Scrutiny: ITAT [Read Order]")
![Delhi HC sets aside Order passed u/s 148A(d) when AO voluntarily accepts the Mistakes in SCN issued [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delhi-HC-sets-aside-Order-passed-AO-voluntarily-accepts-the-Mistakes-in-SCN-issued-TAXSCAN.jpg "Delhi HC sets aside Order passed u/s 148A(d) when AO voluntarily accepts the Mistakes in SCN issued [Read Order]")
![Assessing Officer must hear assessee before Issuing notice u/s 148 of Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assessing-Officer-must-hear-assessee-before-Issuing-notice-Income-Tax-Act-Kerala-HC-TAXSCAN.jpg "Assessing Officer must hear assessee before Issuing notice u/s 148 of Income Tax Act: Kerala HC [Read Order]")
AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]
The Calcutta High Court (HC) directed AO to calculate the profit estimated in its entirety when AO failed to follow the direction by ITAT to estimate net profit. Calcutta Urology Research Centre...
![AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/AO-ITAT-Calcutta-HC-TAXSCAN.jpg "AO failed to follow directions by ITAT to estimate net profit: Calcutta HC directs to calculate profit estimated in its entirety [Read Order]")
No application of Sec 43CA on absence of element of Transfer: ITAT deletes Income Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), deleted income tax addition and held that no application of Sec 43CA of the Income Tax Act, 1961 on absence of element of transfer. ...
![No application of Sec 43CA on absence of element of Transfer: ITAT deletes Income Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/application-ITAT-Income-Tax-Addition-TAXSCAN-1.jpg "No application of Sec 43CA on absence of element of Transfer: ITAT deletes Income Addition [Read Order]")
![Revisionary Powers u/s 263 can be Invoked on Account of Lack of Enquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisionary-Account-Enquiry-AO-ITAT-TAXSCAN.jpg "Revisionary Powers u/s 263 can be Invoked on Account of Lack of Enquiry by AO: ITAT [Read Order]")
Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, business promotion expenses by the assessee as Proprietor of SJM Enterprises cannot be disallowed without...
![Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Promotion-Expenses-Vouchers-ITAT-AO-taxscan.jpg "Disallowance of Business Promotion Expenses without Examination of Vouchers quashed: ITAT remands matter to AO [Read Order]")
![Additions already made by AO on Capital Gain: ITAT quashes Order u/s 263 by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AO-Capital-Gain-ITAT-PCIT-taxscan.jpg "Additions already made by AO on Capital Gain: ITAT quashes Order u/s 263 by PCIT [Read Order]")
No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), restored matter to the Assessing Officer (AO), as there was no proof that assessee has not earned any exempt income for relevant...
![No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/proof-Assessee-Exempt-Income-relevant-Assessment-ITAT-restores-matter-AO-TAXSCAN.jpeg "No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores matter to AO [Read Order]")
Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore Bench allowed additional depreciation as Purchase of raw material and making packing material is manufacture. The assessee-company, M/s. Madhuri...
![Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Purchase-Raw-Material-packing-material-manufacture-ITAT-Depreciation-TAXSCAN.jpg "Purchase of Raw Material and making packing material is manufacture: ITAT allows Additional Depreciation [Read Order]")