Continuation of Proceedings Culminating in Assessment Order not valid upon Issuance of Order in Form ASMT-12 Recording that no further action required: Madras HC [Read Order]
In a recent decision, the Madras High Court observed that the continuation of proceedings culminating in assessment order not valid upon issuance of...
![Stay Application against Income Tax Assessment Order: Kerala HC directs to Keep Recovery Proceedings in Abeyance Till Disposal of Stay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Stay-Application-Income-Tax-Assessment-Order-Recovery-Proceedings-Stay-Petition-Stay-Application-against-Income-Tax-Assessment-Order-Assessment-Order-taxscan.jpg "Stay Application against Income Tax Assessment Order: Kerala HC directs to Keep Recovery Proceedings in Abeyance Till Disposal of Stay Petition [Read Order]")
![Income Tax Dept must mandatorily follow Digital Evidence Investigation Manual by CBDT while conducting searches and seizing electronic evidence: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-CBDT-Income-Tax-Income-Tax-Department-taxscan.jpg "Income Tax Dept must mandatorily follow Digital Evidence Investigation Manual by CBDT while conducting searches and seizing electronic evidence: Madras HC [Read Order]")
![No appeal should be filed when Moratorium u/s 14 IBC are issued by NCLT for initiating CIRP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-IBC-NCLT-Income-Tax-TAXSCAN.jpg "No appeal should be filed when Moratorium u/s 14 IBC are issued by NCLT for initiating CIRP: ITAT [Read Order]")
![Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Assessment-order-Draft-Assessment-Order-Tax-assessment-order-issues-taxscan.jpg "Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]")
Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]
In a major ruling, The Income Tax Appellate Tribunal (ITAT) quashed the assessment order and notice of demand under Section 156 of the Income Tax Act, 1961, due to the absence of a generated Document...
![Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/DIN-Notice-of-demand-Income-Tax-Act-ITAT-taxscan.jpg "Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]")
Delhi Dept of Trade and Taxes releases Instruction for Rectification of Assessment Orders with Errors Apparent on the Face of Record u/s 161 of Delhi GST Act [Read Instruction]
The Delhi Department of Trade and Taxes has issued instructions for rectifying assessment orders with apparent errors under Section 161 of the Delhi Goods and Services Tax Act, 2017. The move comes...
![Delhi Dept of Trade and Taxes releases Instruction for Rectification of Assessment Orders with Errors Apparent on the Face of Record u/s 161 of Delhi GST Act [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2024/03/Delhi-Dept-of-Trade-and-Taxes-Rectification-of-Assessment-Orders-Errors-Apparent-Face-of-Record-Delhi-GST-Act-taxscan.jpg "Delhi Dept of Trade and Taxes releases Instruction for Rectification of Assessment Orders with Errors Apparent on the Face of Record u/s 161 of Delhi GST Act [Read Instruction]")
Stamp Value on Date of Agreement on Sale of Property to be considered for Applicability of Section 56(2)(vii)(b) of Income Tax Act: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) held that stamp value on date of agreement on sale of property to be considered for applicability of Section 56(2)(vii)(b) of the...
![Stamp Value on Date of Agreement on Sale of Property to be considered for Applicability of Section 56(2)(vii)(b) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Stamp-Value-TAXSCAN.jpg "Stamp Value on Date of Agreement on Sale of Property to be considered for Applicability of Section 56(2)(vii)(b) of Income Tax Act: ITAT [Read Order]")
ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made on account of salary in cash without having any documents The assessee Vaibhav Jain one of the directors of...
![ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Salary-payment-in-cash-legality-Documented-salary-payments-taxscan.jpg "ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]")
Deduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court ruled that the deduction of TDS by donor on grants does not disentitle NGO from exemption under Section 11 of the Income Tax Act, 1961. The petition has been preferred by the...
![Deduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delhi-High-Court-TDS-Deduction-of-TDS-Income-Tax-NGO-taxscan.png "Deduction of TDS by Donor on Grants does not Disentitle NGO from exemption u/s 11 of Income Tax Act: Delhi HC [Read Order]")
No Corroborative Evidence of Formation of Paper/Shell Entities for Accommodation Entries: ICAI finds CA not guilty of Professional Misconduct
The Institute of Chartered Accountants of India ( ICAI ) observed that the allegation of the formation of paper/shell entities for providing pre-arranged accommodation entries without corroborative...
No bar for Assessing Authority to issue more than one notice under Income Tax Act: Kerala HC [Read Order]
The Kerala High Court ruled that there is no bar for assessing authority to issue more than one notice under Income Tax Act, 1961. Earlier, the petitioner had approached the High Court against the...
![No bar for Assessing Authority to issue more than one notice under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-Kerala-High-Court-Assessing-Authority-taxscan.jpg "No bar for Assessing Authority to issue more than one notice under Income Tax Act: Kerala HC [Read Order]")