![Madras HC Condones GSTR 3B filing Delay due to GST Amendment in S. 62(2), Rescinds Order Passed u/s 62(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-GSTR-GSTR-3B-filing-Amendment-in-GST-TAXSCAN.jpg "Madras HC Condones GSTR 3B filing Delay due to GST Amendment in S. 62(2), Rescinds Order Passed u/s 62(1) [Read Order]")
Madras HC Condones GSTR 3B filing Delay due to GST Amendment in S. 62(2), Rescinds Order Passed u/s 62(1) [Read Order]
In a recent ruling, the Madras High Court condoned the delay in filing GSTR-3B by the petitioner, referencing the amendment to Section 62(2) of the...
![Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITAT-Allows-Deduction-Bank-of-Bahrain-Kuwait-Taxscan.jpg "Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]")
![Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Delhi-ITAT-under-Section-147-of-the-Income-Tax-Act-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Assessing-Officer-TAXSCAN.jpg "Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]")
![Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Overreach-Limited-Scrutiny-Jurisdiction-ITAT-PCITs-Order-Income-Tax-Act-taxscan.jpg "Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]")
![Stay Application Rejected by Income Tax Dept Over alleged Under-Reporting: Madras HCÂ directs to Resolve Appeal in 4 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Department-Income-Tax-Act-Madras-HC-Stay-Application-TAXSCAN.jpg "Stay Application Rejected by Income Tax Dept Over alleged Under-Reporting: Madras HCÂ directs to Resolve Appeal in 4 Months [Read Order]")
Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]
The Madras High Court remanded the case for reconsideration, citing insufficient time given to the petitioner to address the variation in bank credits. The Income Tax Department had only allowed six...
![Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Madras-High-Court-Income-Tax-Assessment-Order-Bank-Credits-Variation-Income-Tax-Department-taxscan.jpg "Only 6 days provided to Address Bank Credits Variation: Madras HC directs Reconsideration of Income Tax Assessment Order [Read Order]")
Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner Of Income Tax(Appeals)[ CIT(A)] order, observing that the reopening of assessment was based on incorrect facts...
![Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Income-Tax-Commissioner-Tax-Neutrality-TAXSCAN-1.jpg "Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]")
Non Compliance with Section 153(3) of Income Tax Act: Delhi High Court bars Passing of Fresh Assessment Order [Read Order]
In a recent ruling of Delhi High Court the writ petition filed was allowed owing to lack of compliance with provisions of Section 153(3) of Income tax Act and barred the fresh assessment order passed...
![Non Compliance with Section 153(3) of Income Tax Act: Delhi High Court bars Passing of Fresh Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Non-Compliance-Income-Tax-Act-Delhi-High-Court-bars-Passing-Fresh-Assessment-Order-taxscan.jpg "Non Compliance with Section 153(3) of Income Tax Act: Delhi High Court bars Passing of Fresh Assessment Order [Read Order]")
Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]
The Bombay High Court has imposed a fine of Rs. 25,000 on the Jurisdictional Assessing Officer (JAO) for failing to adhere to a binding judgement in the case of Hexaware Technologies Limited vs....
![Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-HC-Income-Tax-JAO-Chief-Commissioner-Fine-for-ignorance-Hexaware-Decision-taxscan.jpg "Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]")
Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the exemption claimed under Section 10(23C)(iv) of Income Tax Act, 1961, cannot be rejected if the net surplus is less...
![Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Chennai-Net-Surplus-cannot-be-rejected-if-Net-Surplus-Exemption-Taxscan.jpg "Exemption u/s 10(23C)(iv) cannot be rejected if Net Surplus is less than 20% of Total Receipts: ITAT [Read Order]")
![‘Beyond Scope’ of Section 153A: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Itat-Assessment-Order-Section-153A-itat-on-Section-153A-itat-on-assessment-order-itat-about-assessment-order-news-about-itat-ITAT-quashes-Assessment-Order-tax-news-taxscan.jpg "‘Beyond Scope’ of Section 153A: ITAT quashes Assessment Order [Read Order]")
CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]
A two-member bench of the Income Tax Appellate Tribunal (ITAT) in Cuttack has restored a case to the Commissioner of Income Tax Appeals (CIT (A)) after finding that the CIT (A) failed to verify the...
![CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-CITA-Income-Tax-Return-Income-Tax-CITA-Fails-Commissioner-of-Income-Tax-Appeals-Taxscan.jpg "CIT(A) Fails to Verify Correct Date of Filing Income Tax Return: ITAT Restores Case to CIT(A) [Read Order]")