No reopening of matter when grant of benefit u/s 11 of Income Tax Act, was subject matter of appeal: Bombay HC
In a recent decision the Bombay High Court ruled that no reopening of matter when grant of benefit under Section 11 of the Income Tax Act, 1961 was...
![Acceptance and Payment of Loan in Cash in Violation of Section 12AA of Income Tax Act: Kerala HC directs to File ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Income-Tax-Act-ITR-TAXSCAN.jpg "Acceptance and Payment of Loan in Cash in Violation of Section 12AA of Income Tax Act: Kerala HC directs to File ITR [Read Order]")
![No Provision in Income Tax Act to extend limitation of thirty days for filing Objection against Draft Assessment Order: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Provision-Income-Tax-Act-Assessment-Order-Kerala-HC-No-Provision-in-Income-Tax-Act-to-Extend-Limitation-taxscan.jpg "No Provision in Income Tax Act to extend limitation of thirty days for filing Objection against Draft Assessment Order: Kerala HC [Read Order]")
![Violation of Natural Justice Principles: Kerala HC quashes Assessment Order passed under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Kerala-high-court-Assessment-Order-Income-tax-Violation-of-natural-justice-Kerala-HC-quashes-assessment-order-Income-Tax-Act-assessment-order-TAXSCAN.jpg "Violation of Natural Justice Principles: Kerala HC quashes Assessment Order passed under Income Tax Act [Read Order]")
![Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-Assessment-order-Commissioner-of-Income-Tax-appeals-Information-gathering-process-Income-Tax-taxscan-1.jpg "Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]")
Failure to grant opportunity of hearing against draft assessment order is violation of Natural Justice principles: Kerala HC sets aside Assessment Order
The Kerala High Court has set aside an assessment order, declaring that the failure to grant an opportunity for a hearing against the draft assessment order constitutes a violation of principles of...
Non mentioning of retrospective GST cancellation in SCN: Delhi HC sets aside assessment order [Read Order]
The Delhi High Court has set aside an assessment order, citing the non-mentioning of retrospective Goods and Service Tax (GST) cancellation in the Show Cause Notice (SCN). The petitioner, who was...
![Non mentioning of retrospective GST cancellation in SCN: Delhi HC sets aside assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Non-mentioning-retrospective-GST-cancellation-SCN-Delhi-HC-assessment-order-taxscan.jpg "Non mentioning of retrospective GST cancellation in SCN: Delhi HC sets aside assessment order [Read Order]")
No Reopening of Assessment under Income Tax Act when Reasons cited was inspired from Change of Opinion of AO: Madras HC [Read Order]
In a recent decision the Madras High Court observed that no reopening of Assessment under Income Tax Act, 1961 can be made when the reasons cited was inspired from change of opinion of the Assessing...
![No Reopening of Assessment under Income Tax Act when Reasons cited was inspired from Change of Opinion of AO: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Madras-high-court-Income-tax-Reopening-of-assessment-AO-opinion-in-reopening-of-assessment-Madras-High-Court-ruling-in-reopening-of-assessment-TAXSCAN.jpg "No Reopening of Assessment under Income Tax Act when Reasons cited was inspired from Change of Opinion of AO: Madras HC [Read Order]")
Penalty u/s 27(4)Â not Invokable in Absence of Findings of Wrong Availment of ITC: Madras HC [Read Order]
The Madras High Court has held that a 300% Penalty by invoking Section 27(2) of the Tamil Nadu Value Added Tax Act, 2006 (TNVAT) cannot be imposed when there are no findings regarding wrong availment...
Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the matter concerning the assessment order passed under section 143(3) of the Income Tax Act to ensure a fair opportunity...
![Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Act-ITAT-Mumbai-Assessment-order-Income-Tax-ITAT-decision-on-reassessment-opportunity-Assessment-procedure-under-Income-Tax-Act-ITAT-ruling-on-assessment-fairness-TAXSCAN.jpg "Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]")
Interest Expenditure incurred on Capital allowable as Deduction u/s 24 of Income Tax Act, not part of Cost Acquisition: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Interest expenditure incurred on capital allowable as deduction under Section 24 of Income Tax Act 1961 and not part of cost...
![Interest Expenditure incurred on Capital allowable as Deduction u/s 24 of Income Tax Act, not part of Cost Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-act-ITAT-pune-Capital-allowance-and-income-tax-Interest-Expenditure-on-Capital-allowable-capital-allowable-as-deduction-Income-tax-deductions-Income-tax-Taxscan-1.jpg "Interest Expenditure incurred on Capital allowable as Deduction u/s 24 of Income Tax Act, not part of Cost Acquisition: ITAT [Read Order]")
Delhi HC directs to process refund of Rs 8,35,184/- claims under Delhi VAT Act within a period of two weeks [Read Order]
In a recent case, the Delhi High Court directed the processing of refunds amounting to Rs 8,35,184 claimed under the Delhi Value Added Tax Act within a period of two weeks. The writ petition was...
![Delhi HC directs to process refund of Rs 8,35,184/- claims under Delhi VAT Act within a period of two weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-HC-Delhi-high-court-Delhi-VAT-Act-Delhi-High-Court-refund-order-Delhi-VAT-Act-refund-process-Delhi-High-Court-ruling-on-VAT-claims-taxscan.jpg "Delhi HC directs to process refund of Rs 8,35,184/- claims under Delhi VAT Act within a period of two weeks [Read Order]")