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Assessing Officer

Mere 'Change of Opinion' cannot be a 'Reason to Believe' Escapement of Income to Initiate Re-Assessment: Delhi HC [Read Order]

The division bench of the Delhi High Court while dismissing an appeal by the income tax department, held that mere “change of opinion” cannot be a...

Non-mentioning of Relevant Limb in Penalty Notice is not a Curable Defect: ITAT [Read Order]

Appeal not maintainable against Kingfisher Capital CLO after Liquidation: ITAT directs Dept to File...

Commission to Persons who are not Beneficial to Business of Assessee is Taxable: Orissa HC [Read...

No Revision u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]

Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the disallowance under section 14A of the Income Tax Act, 1961 cannot be considered while computing book profit under...

Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the reopening of assessment based on wrong assumption and information received from another assessing officer shall be treated as...

Receipt of Cash Sales does not attract S. 68: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur bench, while deleting an addition, has held that the receipt of cash on account such sales after accepting the cash sales as genuine the receipt does...

Revisional Jurisdiction cannot be invoked If there is No Illegality in Original Re-Assessment: ITAT [Read Order]

While quashing a revisional jurisdiction under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the same cannot be invoked if there is no...

No Specific Charges mentioned in S. 274 Notice: ITAT deletes Penalty Order [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty order by holding that the AO has not been specified under section 274 as to whether the penalty is proposed for...

Donation to Mosque providing Free Lunch to Employees cannot be allowed as Business Expenditure: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of donation paid to the Mosque providing free lunch to the employees cannot be treated as business expenditure...

Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that mere non-cooperation with the department cannot be the sole ground to make an addition under section 69A of the Income...

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