![There Is No Purpose of Flogging A Dead Horse: Delhi HC dismisses Tax Appeals against Moser Baer in view of Liquidation Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Flogging-Dead-Horse-Delhi-HC-Tax-Appeals-Moser-Baer-Liquidation-procedings-Taxscan.jpeg "There Is No Purpose of Flogging A Dead Horse: Delhi HC dismisses Tax Appeals against Moser Baer in view of Liquidation Proceedings [Read Order]")
'There Is No Purpose of Flogging A Dead Horse': Delhi HC dismisses Tax Appeals against Moser Baer in view of Liquidation Proceedings [Read Order]
A division bench of the Delhi High Court has dismissed the appeals filed by the income tax department against Moser Baer in the light of the...
![Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Advance-from-Overseas-Patients-treated-as-Capital-Receipts-ITAT-Ruling-Medical-Tourism-Taxscan.jpeg "Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]")
![Revision Order merely because of Non-mentioning of specific reasons for accepting the explanation of the assessee is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revision-Order-specific-reasons-explanation-assesse-Invalid-ITAT-Taxscan.jpg "Revision Order merely because of Non-mentioning of specific reasons for accepting the explanation of the assessee is Invalid: ITAT [Read Order]")
![Section 6 of GST Act is enacted to Avoid Possibility of Conflicting Orders: Allahabad High Court holds No Inherent Lack of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/GST-Act-Conflicting-Orders-Allahabad-High-Court-Jurisdiction-TAXSCAN.jpg "Section 6 of GST Act is enacted to Avoid Possibility of Conflicting Orders: Allahabad High Court holds No Inherent Lack of Jurisdiction [Read Order]")
![Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Agricultural-Land-Time-of-Sale-ITAT-sale-Capital-gain-Taxscan.jpg "Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]")
![Payment for Transponder Services does not amount to Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Payment-Transponder-Services-Royalty-ITAT-Taxscan.jpeg "Payment for Transponder Services does not amount to Royalty: ITAT [Read Order]")
Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has imposed a cost of Rs. 1000 on a taxpayer for not cooperating with the assessing officer during remand proceedings and directed the...
![Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Non-Cooperation-Remand-Proceedings-ITAT-Cost-Assessee-taxscan.jpg "Non-Cooperation during Remand Proceedings: ITAT imposes Rs. 1000 Cost on Assessee, Directs Fresh Consideration of Matter [Read Order]")
Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]
The High Court of Chhattisgarh has held that Assessing Officer failed to record the reason for issue of notice u/s 148 and quashes notice. The petitioner, Hariom Ingots and Power Pvt. Ltd. is a...
![Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-Officer-Record-Reason-notice-u-s-148-quashes-notice-Chhattisgarh-high-court-Taxscan.jpeg "Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]")
Reasons recorded in 142(1) Notice were not existing at the Time of Issue of Re-Assessment Notice: Calcutta HC quashes Assessment [Read Order]
The Calcutta High Court, while quashing an assessment order, held that the reasons mentioned in the notice under Section 142(1) read with Section 147 of the Income Tax Act, 1961 were not existing at...
![Reasons recorded in 142(1) Notice were not existing at the Time of Issue of Re-Assessment Notice: Calcutta HC quashes Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Reasons-recorded-Notice-existing-Re-Assessment-Notice-Calcutta-HC-Assessment-Taxscan.jpeg "Reasons recorded in 142(1) Notice were not existing at the Time of Issue of Re-Assessment Notice: Calcutta HC quashes Assessment [Read Order]")
Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench has held that the amount spent on consumable items including sofa, tiles, etc., cannot be claimed as cost of improvement while calculating the amount...
![Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Amount-spent-Consumable-Items-Capital-Gain-Cost-of-Improvement-ITAT-Taxscan.jpg "Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench, while granting relief to M/s Reliance Payment Solutions Pvt Ltd, held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961...
![Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Assessment-Order-Reasons-ITAT-Assessment-jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]")
Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi bench has held that the income tax proceedings are attached with the presumption of truth and the non-appearance before the authorities would imply that the...
![Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Income-Tax-Proceedings-Presumption-of-Truth-Non-Appearance-Rebut-ITAT-Assessee-Taxscan.jpg "Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]")