Bombay HC quashes notice for re assessment issued after six years without approval of PCIT [Read Order]
In a recent ruling the Bombay High Court quashed notice for re assessment issued after six years without approval of the Principal Chief Commissioner...
![EHL Ltd and The Lalit Golf and Spa Resort fails to respond notice u/s 133(6): ITAT to deletes Addition on Marketing Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/EHL-Ltd-and-The-Lalit-Golf-and-Spa-Resort-respond-notice-ITAT-Marketing-Expenses-TAXSCAN.jpg "EHL Ltd and The Lalit Golf and Spa Resort fails to respond notice u/s 133(6): ITAT to deletes Addition on Marketing Expenses [Read Order]")
![Penalty u/s 96ZP of Excise Act not justifiable when Revenue Department delayed Computation of ACP: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Penalty-Excise-Act-Revenue-Department-ACP-Orissa-HC-TAXSCAN.jpg "Penalty u/s 96ZP of Excise Act not justifiable when Revenue Department delayed Computation of ACP: Orissa HC [Read Order]")
![Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-income-tax-Extended-Time-Re-Assessment-Tangible-Material-ITAT-Taxscan.jpg "Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [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]](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]")
Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT), held that income from Sale of land held as stock in trade taxable under business income when expenses incurred shown under Work In...
![Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-taxable-business-income-WIP-ITAT-TAXSCAN.jpg "Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]")
Violation of Natural Justice Principles: Gujarat HC Quashes Income Tax Demand of Rs. 101 Cr [Read Order]
The Gujarat High Court headed by Justice N.V.Anjaria and Justice Bhargav D. Karia quashed the demand of the Income Tax of Rs. 101 Crore on the ground of violation of principles of natural justice. ...
![Violation of Natural Justice Principles: Gujarat HC Quashes Income Tax Demand of Rs. 101 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Natural-Justice-Principles-Gujarat-HC-Income-Tax-Demand-TAXSCAN.jpg "Violation of Natural Justice Principles: Gujarat HC Quashes Income Tax Demand of Rs. 101 Cr [Read Order]")
Assessing Officer can't invoke jurisdiction u/s 153C and Seize material belonging to a Third Party before 1-6-2015: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the Assessing Officer can't invoke jurisdiction under section 153C of the Income Tax Act,1961 and seize material...
![Assessing Officer cant invoke jurisdiction u/s 153C and Seize material belonging to a Third Party before 1-6-2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assessing-Officer-Seize-material-ITAT-jurisdiction-Income-Tax-taxscan.jpg "Assessing Officer cant invoke jurisdiction u/s 153C and Seize material belonging to a Third Party before 1-6-2015: ITAT [Read Order]")
Executive Search Fee is not 'Fee for Technical Services' under India Netherlands Tax Treaty: ITAT [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Mumbai held that Executive search fee is not 'fee for technical services' under India Netherlands Tax Treaty. The assessee,Spencer...
![Executive Search Fee is not Fee for Technical Services under India Netherlands Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Executive-Search-Fee-Fee-for-Technical-Services-India-Netherlands-Tax-Treaty-ITAT-TAXSCAN.jpg "Executive Search Fee is not Fee for Technical Services under India Netherlands Tax Treaty: ITAT [Read Order]")
![No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Reassessment-in-absence-of-failure-to-fully-truly-disclose-all-material-facts-ITAT-TAXSCAN.jpg "No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]")
Bonus Paid to Partners attracts S. 40(b)(v) of Income Tax Act: ITAT allows Income Tax Addition to Luthra and Luthra LLP [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), allowed income tax addition to Luthra and Luthra LLP on the ground that Bonus paid to partners attracts Section 40(b)(v) of Income Tax...
![Bonus Paid to Partners attracts S. 40(b)(v) of Income Tax Act: ITAT allows Income Tax Addition to Luthra and Luthra LLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bonus-Paid-to-Partners-attracts-Income-Tax-Act-ITAT-allows-Income-Tax-Addition-to-Luthra-and-Luthra-LLP-TAXSCAN.jpg "Bonus Paid to Partners attracts S. 40(b)(v) of Income Tax Act: ITAT allows Income Tax Addition to Luthra and Luthra LLP [Read Order]")
Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench has deleted an addition treating LIC premium as unexplained cash deposit by accepting the rough notings by the assessee as actual transactions. ...
![Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-assessee-actual-transactions-LIC-Premium-taxscan.jpeg "Rough Notings by Assessee to Prove Payment of LIC Premium Sufficient to Prove Genuineness of Cash Deposit: ITAT deletes Addition [Read Order]")