Revisional Jurisdiction cannot be Invoked if AO Adopted One of Two Plausible Views: ITAT upholds Assessment Order treating Unsold Flats as Closing Stock
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while upholding an assessment order treating unsold...
![When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-ITAT-taxscan.jpeg "When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]")
External Development Charges paid to Haryana Urban Development Authority does not Attract the Provisions of Section 43B of the Act: ITAT set-aside Assessment Order
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while set-aside the assessment order held that external development charges paid to urban development authority did not attract the...
Issue Regarding Claim of Depreciation Cannot Decided Until Dispute Regarding Capitalization of Expenses in Assessment Order is decided: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that Issue regarding claim of depreciation could not be decided until dispute regarding capitalization of expenses in...
![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]")