![Date of Panchnama Last Drawn is Starting Point of Limitation of Two Years for Completing Block Assessment Proceedings: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Date-of-Panchnama-Starting-Point-Limitation-Block-Assessment-Proceedings-Assessment-Proceedings-Supreme-court-Taxscan.jpg "Date of Panchnama Last Drawn is Starting Point of Limitation of Two Years for Completing Block Assessment Proceedings: SC [Read Order]")
Date of Panchnama Last Drawn is Starting Point of Limitation of Two Years for Completing Block Assessment Proceedings: SC [Read Order]
The Supreme Court of India in a recent ruling observed that the Date of Panchnama last drawn is Starting Point of Limitation of Two Years for...
![Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Completion-of-Audit-Audit-Furnishing-of-Tax-Audit-Report-Tax-Audit-Report-Assessment-Proceedings-ITAT-Penalty-Taxscan.jpg "Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]")
![Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Cash-Gift-of-Husband-during-Assessment-Proceedings-was-Mere-Afterthought-after-Search-ITAT-Upholds-Addition-TAXSCAN.jpg "Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition [Read Order]")
ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) upheld the revision order on failure of Assessing Officer (AO) to conduct verification during assessment proceedings. The assessee,...
![ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revision-Order-AO-Verification-Assessment-Proceedings-TAXSCAN.jpg "ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]")
Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]
Expenditure on technical know-how fees is revenue expenditure, Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Anil Chaturvedi, Accountant Member and N K Choudhary, Judicial Member...
![Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Technical-know-how-fees-revenue-expenditure-ITAT-disallowance-AO-Taxscan.jpeg "Expenditure on Technical Know-How Fees is Revenue Expenditure: ITAT deletes Disallowance made by AO [Read Order]")
Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has imposed a cost of Rs. 5000 on the assessee considering the negligent and causal approach during the assessment proceedings under the...
![Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Negligent-Casual-Approach-Income-Tax-Assessment-Proceedings-ITAT-Assessee-Taxscan.jpg "Negligent and Casual Approach during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 5000 on Assessee [Read Order]")
Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has upheld the denial of capital gain exemption under section 54 by holding that an unregistered document has no evidentiary value. The...
![Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Capital-Gain-Exemption-taxscan.jpeg "Unregistered Document has No Evidentiary Value: ITAT upholds Denial of Capital Gain Exemption u/s 54 [Read Order]")
Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Pune held that examination of nature of work and income necessary for granting deduction for housing projects u/s801B (10). The assessee, Ravindra Champalal...
![Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/income-deduction-housing-projects-ITAT-taxscan.jpeg "Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]")
![Bombay HC upholds Validity of Provision mandating Pre-Deposit on Customs Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Bombay-HC-Provision-mandating-Pre-Deposit-Customs-Appeals-taxscan.jpeg "Bombay HC upholds Validity of Provision mandating Pre-Deposit on Customs Appeals [Read Order]")
Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]
The Pune Bench Income Tax Appellate Tribunal (ITAT) has ruled that the transfer of leasehold rights, the special provision for the full value of consideration under section 50C applicable if a...
![Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Leasehold-Rights-Transfer-of-Building-ITAT-taxscan.jpg "Transfer of Leasehold Rights: Special provision for full value of consideration u/s 50C applicable If Transfer of Building Involved, rules ITAT [Read Order]")