![Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Officer-Income-Tax-SCN-Non-Existing-Entity-Calcutta-High-Court-Personal-Cost-Cost-Taxscan.jpg "Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]")
Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]
In a recent decision, the Calcutta High Court ( HC ) single bench presided over by Justice Md. Nizamuddin rejected the procedure initiated under...
![Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Debits-Credits-Income-Escaped-Assessment-Income-Bombay-High-Court-Taxscan.jpg "Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]")
![Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITR-Assessee-Return-Re-Assessment-ITAT-Taxscan.jpg "Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]")
![Wrong Assumption by AO, Order u/s 270 passed under Income Tax not valid when Assessee Preferred for Appeal: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Assumption-AO-Order-Income-Tax-assessee-appeal-Orissa-High-Court-Assessing-Officer-Taxscan.jpg "Wrong Assumption by AO, Order u/s 270 passed under Income Tax not valid when Assessee Preferred for Appeal: Orissa HC [Read Order]")
![Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Wrong-Claim-Claim-of-Depreciation-Wrong-Claim-of-Depreciation-Penalty-Rules-ITAT-Taxscan.jpg "Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]")
No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice on the ground that no satisfaction of jurisdictional conditions by the Assessing Officer (AO). The petitioner, Standard Industries Limited, is...
![No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-Re-Assessment-Notice-Bombay-HC-quashes-Re-Assessment-Notice-Jurisdictional-conditions-AO-Assessing-Officer-Re-Assessment-Taxscan.jpg "No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]")
Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]
The Bombay High Court quashed the reassessment notice on the ground of failure to satisfy conditions under Section 147 of the Income Tax Act, 1961 and non-application of mind. The Petitioner,...
![Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Application-Bombay-High-Court-Reassessment-notice-Reassessment-Taxscan.jpg "Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]")
![PoA Holder is Not Owner’ of the Property, No Capital Gain Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/PoA-Holder-Owner-Property-Capital-Gain-Tax-ITAT-Taxscan.jpg "PoA Holder is Not Owner’ of the Property, No Capital Gain Tax: ITAT [Read Order]")
Contravention of general directions issued by Court where Notice u/s 148 for Reopening Assessment: Bombay HC remands matter to AO [Read Order]
The Bombay High Court remanded back matter to Assessing Officer (AO) as there was contravention of general directions issued by Court where notice under Section 148 of the Income Tax Act for...
![Contravention of general directions issued by Court where Notice u/s 148 for Reopening Assessment: Bombay HC remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-Bombay-HC-High-Court-Notice-Reopening-Assessment-Assessing-Officer-AO-taxscan-.jpg "Contravention of general directions issued by Court where Notice u/s 148 for Reopening Assessment: Bombay HC remands matter to AO [Read Order]")
Supreme Court remands mater to AO regarding Exemption of Newspaper’s Income utilised for Charity [Read Judgement]
The Supreme Court of India remanded mater to the Assessing Officer (AO) regarding exemption of Newspaper’s Income utilised for charity. The respondent/assessee society, Servants of People Society,...
![Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repairs-and-Renovation-Repairs-and-Renovation-Expenses-Expenses-Revenue-ITAT-Taxscan.jpg "Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]")
Deduction u/s 80P(4) allowable to Cooperative Society involved in the Business of Banking: Orissa HC [Read Order]
While considering a writ petition, the Orissa High Court (HC) has held that deduction under section 80P(4) of the Income Tax Act, 1961 is allowable to Cooperative Societies involved in the business...
