Income Tax Evasion through Shell Companies: Tax Dept trains Officers
In a move to detect black money through the shell companies, the income tax department has decided to focus and enhance the skills of Assessing...
![Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Document-Taxscan.jpg "Document already available with AO not an ‘Incriminating Material’: ITAT [Read Order]")
![AO should Point out Specific Defect while rejecting Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "AO should Point out Specific Defect while rejecting Books of Accounts: ITAT [Read Order]")
![CIT(A) cannot Transfer Jurisdiction from one Assessing Officer to another: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan.jpg "CIT(A) cannot Transfer Jurisdiction from one Assessing Officer to another: ITAT [Read Order]")
Lack of Inquiry by AO can’t be a Ground for Revision If Interest of Revenue is not violated: ITAT [Read Order]
In the case between Rashtriya Chemicals & Fertilizers Limited vs. Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) recently held that revisional jurisdiction...
![Lack of Inquiry by AO can’t be a Ground for Revision If Interest of Revenue is not violated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Lack of Inquiry by AO can’t be a Ground for Revision If Interest of Revenue is not violated: ITAT [Read Order]")
Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal in the case of Mahanadi Coalfields Ltd versus ACITÂ has quashed the reassessment and held that re-assessment merely on the basis of tax audit filed...
![Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Tax-Audit-Taxscan.jpg "Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]")
No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently held that penalty cannot be levied when difference found in the declared income and assessed income is only on the basis of...
![No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]")
Assessing Officer has No Power to Review Original Assessment without any Fresh Tangible Material: Punjab & Haryana HC [Read Judgment]
In the Case, Commissioner of Income Tax vs Ram Kumar Duhan, Punjab and Haryana High Court jointly held that the Assessing Officer (AO) has no power to review original assessment without any fresh...
![Assessing Officer has No Power to Review Original Assessment without any Fresh Tangible Material: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer has No Power to Review Original Assessment without any Fresh Tangible Material: Punjab & Haryana HC [Read Judgment]")
Penalty Proceedings without Application of Mind by Assessing Officer is Invalid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal (ITAT) has recently ruled that penalty proceeding initiated without the application of mind by the Assessing Officer is invalid. In the present case...
Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]
In the case of Shiv Public School Managing Committee, Delhi bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer (AO) can disallow a society’s claim for exemption...