Cash Paid to Sundry Creditor on Supply Buffalo meat cannot be Disallowed u/S 40A(3) of the Act: ITAT sets aside Assessment Order
In a recent case, the Delhi Income Tax Appellate Tribunal (ITAT) held that cash paid to sundry creditor on supply of buffalo meat could not be...
![Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Claim-Depreciation-Decided-Dispute-Regarding-Capitalization-Assessment-Order-ITAT-TAXSCAN.jpg "Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]")
Notice issued u/s 148 of the Income Tax Act lacks Jurisdiction: ITAT set aside Assessment Order [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) while set-aside the assessment order passed by the assessing officer (AO) held that, notice issued under section 148 of the Income Tax Act...
![Notice issued u/s 148 of the Income Tax Act lacks Jurisdiction: ITAT set aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Notice-IncomeTax-Income-Tax-Act-jurisdiction-ITAT-assessment-order-taxscan.jpg "Notice issued u/s 148 of the Income Tax Act lacks Jurisdiction: ITAT set aside Assessment Order [Read Order]")
![Assessment Order Signed on a Holiday cannot be treated as Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-Holiday-Invalid-ITAT-Taxscan.jpg "Assessment Order Signed on a Holiday cannot be treated as Invalid: ITAT [Read Order]")
Commissioner can exercise Revisional Jurisdiction u/s 263 when Assessment Order was Erroneous and Prejudicial to Interest of Revenue: SC
The Supreme Court of India has held that commissioner can exercise revisional jurisdiction under Section 263 of the Income Tax Act, 1961 when the assessment order was erroneous and prejudicial to the...
Order passed without giving Reason for Denying Claim of ITC on Capital Goods under KVAT Act: Kerala HC sets aside Assessment Order [Read Order]
In a recent judgement, the Kerala High Court set aside the assessment order passed without giving the reason for denying the claim of ITC on capital goods under the Kerala Value Added Tax Act (KVAT...
![Order passed without giving Reason for Denying Claim of ITC on Capital Goods under KVAT Act: Kerala HC sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Claim-ITC-Capital-Goods-KVAT-Act-Kerala-High-Court-Assessment-Order-Assessment-Taxscan.jpg "Order passed without giving Reason for Denying Claim of ITC on Capital Goods under KVAT Act: Kerala HC sets aside Assessment Order [Read Order]")
Final Assessment Order Issued Beyond Period of Limitation u/s 144C of Income Tax Act is Null and Void: ITAT grants Relief to Fiber Home India [Read Order]
Recently, the Delhi Income Tax Appellate Tribunal (ITAT) while granting relief to Fiber Home India held that the final assessment order issued beyond of limitation under Section 144C of the Income...
![Final Assessment Order Issued Beyond Period of Limitation u/s 144C of Income Tax Act is Null and Void: ITAT grants Relief to Fiber Home India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-Assessment-Income-Tax-Act-Income-Tax-ITAT-Fiber-home-India-Taxscan.jpg "Final Assessment Order Issued Beyond Period of Limitation u/s 144C of Income Tax Act is Null and Void: ITAT grants Relief to Fiber Home India [Read Order]")
Second Appeal on Assessment Order: Kerala HC directs VAT Appellate Tribunal to consider Delay Condonation on Second Appeal [Read Order]
The High Court of Kerala directed the Value Added Tax (VAT) Appellate Tribunal to consider the delay condonation application on second appeal in relation to an assessment order. The petitioner in the...
![Second Appeal on Assessment Order: Kerala HC directs VAT Appellate Tribunal to consider Delay Condonation on Second Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Second-Appeal-Assessment-Order-VAT-Appellate-Tribunal-High-Court-of-Kerala-VAT-Appellate-Tribunal-Delay-Condonation-Taxscan.jpg "Second Appeal on Assessment Order: Kerala HC directs VAT Appellate Tribunal to consider Delay Condonation on Second Appeal [Read Order]")
Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]
In a major relief to Milton Plastics Limited, the Bombay High Court quashed the re assessment notice in the absence of material to form the basis for assumption of jurisdiction. By the writ...
![Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Milton-Plastics-Re-Assessment-Notice-Assumption-Jurisdiction-TAXSCAN.jpg "Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]")