Read all Latest Updates on and about Assessing Officer

Begin typing your search above and press return to search.

Home
»
Assessing Officer

Calcutta HC quashes Non-Speaking Order passed by Income Tax Dept, Directs AO to complete Proceedings within 12 Weeks [Read Order]

The Calcutta High Court, while quashing a non-speaking order passed by the income tax department under section 143 of the Income Tax Act, 1961 and...

Re-Assessment is Invalid when Assessee disclosed All Material facts to complete Assessment: ITAT...

Pr. Commissioner does not conduct Independent Inquiry before invoking Revisional Jurisdiction: ITAT...

Consumable Tools are 'Revenue' in Nature: ITAT allows Deduction to Walvoil Fluid Power India [Read...

AO measured Municipal Limit as per Google Map Location: ITAT deletes Capital Gain Addition based on...

Penalty cannot be solely based on Addition without proving Concealment: ITAT [Read Order]

The Income Tax Appellate Tribunal, Jaipur bench has held that the penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be solely based on the addition without proving the two...

Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]

The ITAT, Kolkata bench has recently held that the Commissioner, while invoking his jurisdiction under section 263 of the Income Tax Act, 1961 cannot point out the issues other than the issue taken...

ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has recently confirmed a penalty issued under section 271A of the Income Tax Act, 1961 on grounds of not maintaining books of accounts as...

Assessing Officer cannot make Disallowance on Hypothesis basis: ITAT [Read Order]

The ITAT Delhi bench has held that the Assessing Officer cannot make disallowance merely on hypothesis basis without any reasonable ground. The assessee is engaged in providing plants and...

Sec 54B Exemption not Available If Assessee purchased New Land in the name of Sons out of Sale Proceeds: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the exemption under section 54B of the Income Tax Act, 1961 is not available if the assessee purchased new agricultural land in the...

No Penalty when Concealment of Income is not Proven: Delhi High Court [Read Order]

A division bench of the Delhi High Court comprising Justice Manmohan and Justice Dinesh Kumar Sharma has held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961 if concealment of...

Delay due to Medical Condition is a Reasonable Cause: ITAT Condones Delay of 268 Days by 71 Year Old Assessee [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench, while granting relief to a 71 year oldassessee, has held that the delay due to medical condition is a reasonable cause for the non filing...

Prev Page Next Page