![Order u/s 148A(d) of Income Tax Act is not final Assessment Order, no Income Tax Demand arises: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Order-Income-Tax-Act-Income-Tax-final-Assessment-Order-no-Income-Tax-Demand-Income-Tax-Demand-Calcutta-High-Court-Taxscan.jpg "Order u/s 148A(d) of Income Tax Act is not final Assessment Order, no Income Tax Demand arises: Calcutta HC [Read Order]")
Order u/s 148A(d) of Income Tax Act is not final Assessment Order, no Income Tax Demand arises: Calcutta HC [Read Order]
The Calcutta High Court in a recent decision observed that the order under Section 148A(d) of the Income Tax Act, 1961 is not final assessment order...
![No addition can be made on basis of Rejected Book of Account by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/book-of-account-Assessing-Officer-ITAT-addition-rejection-taxscan.jpg "No addition can be made on basis of Rejected Book of Account by Assessing Officer: ITAT [Read Order]")
![Amount Received Not in respect of Transfer of Title, Rights or Interest in Property cannot be Taxable Under Head of “Capital Gains”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Amount-Received-respect-of-Transfer-of-Title-Rights-or-Interest-Property-cannot-Taxable-Under-Head-Capital-Gains-ITAT-TAXSCAN.jpg "Amount Received Not in respect of Transfer of Title, Rights or Interest in Property cannot be Taxable Under Head of “Capital Gains”: ITAT [Read Order]")
![Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-EPF-Contribution-Late-Deposit-Income-Tax-Act-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]")
![ITAT quashes Revision Order Passed u/s 263 of Income Tax Act without Providing Sufficient Time for File Material Evidence and Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Revision-Order-ITAT-Revision-Order-Income-Tax-Act-File-Material-Evidence-and-Documents-Material-Evidence-Documents-Taxscan.jpg "ITAT quashes Revision Order Passed u/s 263 of Income Tax Act without Providing Sufficient Time for File Material Evidence and Documents [Read Order]")
ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has exempted gold donation of religious trust towards corpus funds under Section 11(1)(d) of the Income Tax Act 1961. The assessee,...
![ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Gold-Donation-of-Religious-Trust-Towards-Corpus-Fund-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]")
Sufficiency of Reasons and Findings in Order u/s 148A(d) of Income Tax Act cannot be Scrutinized by Writ Court on Assessing Officer Acting Judiciously: Calcutta HC [Read Order]
A Single Bench of the Calcutta High Court observed that the sufficiency of reasons and findings in order under Section 148A(d) of the Income Tax Act, 1961 cannot be scrutinized by a writ court. By...
![Sufficiency of Reasons and Findings in Order u/s 148A(d) of Income Tax Act cannot be Scrutinized by Writ Court on Assessing Officer Acting Judiciously: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Sufficiency-Sufficiency-of-Reasons-and-Findings-in-Order-Reasons-and-Findings-Order-Income-Tax-Act-Income-Tax-Scrutinized-by-Writ-Court-Writ-Court-Assessing-Officer-Judiciously-Calcutta.jpg "Sufficiency of Reasons and Findings in Order u/s 148A(d) of Income Tax Act cannot be Scrutinized by Writ Court on Assessing Officer Acting Judiciously: Calcutta HC [Read Order]")
“High Sea Sale” of Imported Goods are not considered as speculative transaction u/s 43(5) of Income Tax Act: ITAT Upholds Interest Income as Business Income
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has recently held that high sea sales of imported goods are not considered as speculative transactions under Section 43(5) of the Income...
AO cannot take the position of Businessman to Replace his Strategy Irrationally: ITAT deletes Additions [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer without any justification or appealing basis in light of the Principal Tax Jurisprudence...
![AO cannot take the position of Businessman to Replace his Strategy Irrationally: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AO-cannot-take-the-position-of-Businessman-AO-Businessman-ITAT-deletes-Additions-ITAT-Additions-Taxscan.jpg "AO cannot take the position of Businessman to Replace his Strategy Irrationally: ITAT deletes Additions [Read Order]")
Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has deleted the additional holding that the deemed dividends could not be taxed in the hands of non-shareholders. The Assessing Officer...
![Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-Dividends-cannot-Taxed-in-the-Hands-of-Non-Shareholders-ITAT-Deletes-Addition-TAXSCAN.jpg "Deemed Dividends cannot be Taxed in the Hands of Non-Shareholders: ITAT Deletes Addition [Read Order]")
![Assessment Order u/s147 of Income Tax Act is Appealable Order: Calcutta HC Dismisses WP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-is-Appealable-Order-Calcutta-HC-Dismisses-WP-HC-TAXSCAN.jpg "Assessment Order u/s147 of Income Tax Act is Appealable Order: Calcutta HC Dismisses WP [Read Order]")
No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 56(2)(x)(b) of Income Tax Act 1961 if an allotment letter is issued for...
![No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-if-allotment-letter-issued-purchase-property-in-future-ITAT-TAXSCAN.jpg "No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]")