![Reopening of Assessment Cannot be done merely on Change of Opinion: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-Bombay-hc-taxscan.jpg "Reopening of Assessment Cannot be done merely on Change of Opinion: Bombay HC [Read Order]")
Reopening of Assessment Cannot be done merely on Change of Opinion: Bombay HC [Read Order]
The division bench of Bombay High Court presided by Mr. K.R. Shriram and Mr. N.R. Borkar has held that reopening of assessment cannot be done merely...
![Provisions of Deemed Dividend would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deemed-Dividend-Profits-Payment-AY-ITAT-taxscan.jpg "Provisions of Deemed Dividend would attract all the Profits up to the date of Payment Irrespective of AY: ITAT [Read Order]")
![Change of Opinion does not constitute Reason to Believe to initiate Re-Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Change-of-Opinion-Reason-to-Believe-Re-Assessment-Bombay-HC-Taxscan.jpeg "Change of Opinion does not constitute Reason to Believe to initiate Re-Assessment: Bombay HC [Read Order]")
![Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Computers-computer-software-ITAT-Rules-ITAT-taxscan.jpg "Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]")
![Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Third-Party-Shareholders-Shares-Assesse-Tax-ITAT-taxscan.jpeg "Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]")
Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Firm cannot made taxable for the capital introduced by the Partner as section 68 of the Income Tax Act, 1961 cannot be...
![Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Firm-Capital-Partner-ITAT-Income-Tax-Act-section-68-Taxscan.jpg "Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
Royalty received by Marriott International from Indian Entities: ITAT directs AO to re-consider the Taxability [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Sandeep Singh Karhail, JM has has directed the Assessing Officer to re-consider the...
![Royalty received by Marriott International from Indian Entities: ITAT directs AO to re-consider the Taxability [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalty-Marriott-International-Indian-Entities-ITAT-AO-Taxability-Taxscan.jpeg "Royalty received by Marriott International from Indian Entities: ITAT directs AO to re-consider the Taxability [Read Order]")
Income Tax Stay Order not Communicated: Bombay HC asks Assessee to pay Cost of Rs. 25,000 to AO [Read Order]
In a significant ruling, a division bench of the Bombay High Court has directed the assessee to pay a cost of Rs. 25,000 to the Assessing Officer for not communicating the stay order proactively. ...
![Income Tax Stay Order not Communicated: Bombay HC asks Assessee to pay Cost of Rs. 25,000 to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Bombay-High-Court-Assessee-AO-stay-order-Taxscan.jpeg "Income Tax Stay Order not Communicated: Bombay HC asks Assessee to pay Cost of Rs. 25,000 to AO [Read Order]")
Failure to file Reply to Draft Assessment Order u/s 144B due to Technical Glitches on Income Tax Portal: Calcutta HC quashes Order
The Calcutta High Court has quashed an assessment order since the assessee failed to file reply to the draft assessment order under section 144B of the Income Tax Act, 1961 due to technical glitches...
![Re-Assessment Proceedings without Notice u/s 148 is Invalid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-Proceedings-Notice-Calcutta-HC-taxscan.jpg "Re-Assessment Proceedings without Notice u/s 148 is Invalid: Calcutta HC [Read Order]")
![Revisional Order passed in violation of Natural Justice, hence Invalid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Revisional-Order-Natural-Justice-Calcutta-HC-taxscan.jpg "Revisional Order passed in violation of Natural Justice, hence Invalid: Calcutta HC [Read Order]")
No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT )has held that no sufficient reason to prove income escaped assessment and dismissed revenue appeal for reopening the assessment. The...
![No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-ITAT-Revenue-Appeal-Reopening-Assessment-taxscan.jpeg "No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]")