![Single Satisfaction Note Sufficient u/s 153C When Same Assessing Officer Handles Both Searched Person and Other Party: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Madras-High-Court-Single-Satisfaction-Note-TAXSCAN.jpg "Single Satisfaction Note Sufficient u/s 153C When Same Assessing Officer Handles Both Searched Person and Other Party: Madras HC [Read Order]")
Single Satisfaction Note Sufficient u/s 153C When Same Assessing Officer Handles Both Searched Person and Other Party: Madras HC [Read Order]
In a recent ruling, the Madras High Court ruled that a single satisfaction note was sufficient under Section 153C of the Income Tax Act, 1961, when...
![Guidance Value of Land or Building Should be used to Determine Consideration Where Transfer Value of Capital Asset is not determinable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/site-imd-28.jpg "Guidance Value of Land or Building Should be used to Determine Consideration Where Transfer Value of Capital Asset is not determinable: ITAT [Read Order]")
![Insufficiency of Verification efforts by AO, CIT(A): ITAT deletes Addition w.r.t. Sundry Creditors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Income-Tax-Section-68-of-Income-Tax-Act-taxscan-3.jpg "Insufficiency of Verification efforts by AO, CIT(A): ITAT deletes Addition w.r.t. Sundry Creditors [Read Order]")
![Distribution Revenue from US Broadcasting Company not Taxable as “Royalty” under India-US DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-India-US-DTAA-US-broadcasting-company-tax-TAXSCAN.jpg "Distribution Revenue from US Broadcasting Company not Taxable as “Royalty” under India-US DTAA [Read Order]")
![Non-Appearance before CIT(A) Due to Hearing Notices Sent to Non-Communication Email Address: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-Email-address-issues-under-ITAT-Hearing-Notices-TAXSCAN.jpg "Non-Appearance before CIT(A) Due to Hearing Notices Sent to Non-Communication Email Address: ITAT directs Fresh Adjudication [Read Order]")
Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]
In a recent ruling, the Karnataka High Court has ruled that a minimum seven-day response period shall be granted mandatorily for the notices issued under Section 148A(b) of the Income Tax Act, 1961. ...
![Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Notice-Section-148-TAXSCAN.jpg "Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]")
CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal( ITAT ) ruled that the CIT(A) cannot dismiss an income tax appeal on limitation grounds after condoning the delay. Kyalasanahalli Narayanappa...
![CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Act-Condone-delay-TAXSCAN.jpg "CIT(A) cannot dismiss Income Tax Appeal on Limitation Grounds after Condoning Delay: ITAT [Read Order]")
Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]
The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal challenging the validity of the assessment order passed on a struck-off company. This decision was made due to the...
![Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Delhi-locus-standi-Struck-off-company-TAXSCAN.jpeg "Validity of Assessment Order Passed on Struck-off Company Challenged: ITAT Dismisses Appeal Due to Lack of locus standi [Read Order]")
Hearing Notices Sent by CIT(A) via Email against Assessee's Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has remitted the matter to the Commissioner of Income Tax (Appeals)[CIT(A)] after finding that hearing notices were sent via email,...
![Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-ITAT-News-TAXSCAN.jpeg "Hearing Notices Sent by CIT(A) via Email against Assessees Request in Form 35: ITAT remits Matter to CIT(A) [Read Order]")
Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition of ₹1, 30,45,000/- due to the assessee's failure to disclose the loan of ₹7,25,000/- availed from Pravinbhai...
![Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-ITAT-loan-repayment-case-TAXSCAN.jpg "Failure to Disclose Loan, Repayment or Interest Paid to Creditor: ITAT upholds Addition of Rs. 1.30 crores [Read Order]")
“Not even a line of reason which may justify information of belief”: Delhi HC quashes Reopening of Assessment [Read Order]
In a recent ruling, the Delhi High Court allowed the writ petition, and the court was of the view that the reopening of the assessment did not meet the legal requirements under Sections 147 and 148...
