![Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Return-computing-Loss-Income-MACT-Claim-Gujarat-HC-taxscan.jpeg "Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]")
Income Tax Return filed prior to Death of Assesse shall be the basis of computing Loss of Future Income of Assesse for MACT Claim: Gujarat HC [Read Order]
The High Court of Gujarat has, in a recent appeal filed before it by the parents of the deceased assesse, held that the income tax return filed prior...
![Disallowance u/s14A not required When Assessee has not earned any Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Disallowance-assessee-income-ITAT-taxscan.jpg "Disallowance u/s14A not required When Assessee has not earned any Exempt Income: ITAT [Read Order]")
![Fraudulent Action of Director of Assessee-Company to Sell Property without valid Authorization: ITAT deletes Addition of 2 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/assessee-sell-property-ITAT-taxscan.jpeg "Fraudulent Action of Director of Assessee-Company to Sell Property without valid Authorization: ITAT deletes Addition of 2 cr [Read Order]")
![Legal necessity of passing Transfer Order u/s 127 cannot be foregone even If Transfer made at request of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Legal-necessity-transfer-order-assessee-ITAT-taxscan.jpg "Legal necessity of passing Transfer Order u/s 127 cannot be foregone even If Transfer made at request of Assessee: ITAT [Read Order]")
Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]
The High Court of Delhi has observed that the reassessment order cannot be passed without considering the reply of the assessee and held notice issued under section 148 of the Income Tax Act,1961 was...
![Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Re-Assessment-Order-Assessee-Delhi-HC-taxscan.jpeg "Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]")
Delay due to Daughter’s Serious Medical Condition is Reasonable Cause: ITAT Condones Delay in filing Appeal [Read Order]
The assessee’s delay in filing the appeal due to his daughter’s serious medical condition is reasonable cause for condonation the Income Tax Appellate Tribunal of Delhi bench condones the delay. ...
![Delay due to Daughter’s Serious Medical Condition is Reasonable Cause: ITAT Condones Delay in filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/medical-condition-reasonable-cause-ITAT-taxscan.jpeg "Delay due to Daughter’s Serious Medical Condition is Reasonable Cause: ITAT Condones Delay in filing Appeal [Read Order]")
Assessee should be Vigilant in Appeal Proceedings, Complete Reliance on CA / Consultant not a ground to condone Delay of 2172 Days: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the complete reliance on the Chartered Accountant/Consultant cannot be a ‘reasonable cause’ for condoning the delay of 2172 days and...
![Assessee should be Vigilant in Appeal Proceedings, Complete Reliance on CA / Consultant not a ground to condone Delay of 2172 Days: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessee-Appeal-Proceedings-CA-Consultant-condone-Delay-ITAT-taxscab.jpeg "Assessee should be Vigilant in Appeal Proceedings, Complete Reliance on CA / Consultant not a ground to condone Delay of 2172 Days: ITAT [Read Order]")
Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that accepting loans through journal entries with reasonable cause will not attract penalty u/s 271D of the Income Tax Act,1961. The...
![Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/loans-journal-entries-ITAT-taxscan.jpg "Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]")
CENVAT Credit on Common Inputs/Input Services cannot be denied Even If Assessee is Rendering Exempted Services: CESTAT [Read Order]
The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the CENVAT credit on common inputs/input services cannot be denied to an assessee who is rendering...
![CENVAT Credit on Common Inputs/Input Services cannot be denied Even If Assessee is Rendering Exempted Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CENVAT-Credit-Common-Inputs-Input-Services-Assessee-Exempted-Services-CESTAT-taxscan.jpg "CENVAT Credit on Common Inputs/Input Services cannot be denied Even If Assessee is Rendering Exempted Services: CESTAT [Read Order]")
Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has imposed a cost of Rs. 5000 on the assessee considering the negligent and causal approach during the assessment proceedings under the...
![Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Negligent-Casual-Approach-Income-Tax-Assessment-Proceedings-ITAT-Assessee-Taxscan.jpg "Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]")
![Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Notices-ITAT-Assessee-taxscan.jpeg "Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]")