![Interim Relief to Bextar India: Delhi HC quashes demand of 8 cr, directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessment-non-existent-entity-void-ab-initio-Delhi-HC-Baxter-India-taxscan.jpeg "Interim Relief to Bextar India: Delhi HC quashes demand of 8 cr, directs Fresh Adjudication [Read Order]")
Interim Relief to Bextar India: Delhi HC quashes demand of 8 cr, directs Fresh Adjudication [Read Order]
The Delhi High Court bench consisting of Justice Manmohan and Justice Manmeet Pritam Singh Arora quashed the demand of 8 crores and directs fresh...
![Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Addition-Income-ITAT-taxscan.jpeg "Penalty u/s 271 alone will Not Exist after Deletion of Addition on Income: ITAT [Read Order]")
![Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Sale-Trading-Business-Income-Assessee-Previous-Years-ITAT-Taxscan.jpeg "Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]")
![No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Demonetization-Salaried-Person-ITAT-Cost-Accountant-taxscan.jpg "No Addition for Deposits up to Rs. 250,000 during Demonetization by Salaried Person: ITAT deletes Addition against Cost Accountant [Read Order]")
![New Proposals during Remand Proceedings inter-connected with the First Notice cannot be Quashed: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Notice-Madras-HC-taxscan.jpeg "New Proposals during Remand Proceedings inter-connected with the First Notice cannot be Quashed: Madras HC [Read Order]")
Assessing officer should comply with the condition precedent for reopening assessments after limitation: Calcutta HC [Read Order]
The Calcutta High Court has held that Assessing officer should comply with the condition precedent for reopening assessments after limitation. The petitioner, Peerless Hospitex Hospital and...
![Assessing officer should comply with the condition precedent for reopening assessments after limitation: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-officer-assessments-Calcutta-High-Court-Taxscan.jpg "Assessing officer should comply with the condition precedent for reopening assessments after limitation: Calcutta HC [Read Order]")
![Re-Assessment can be initiated on Disclosure of Bogus Purchase Bills: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Re-Assessment-Bogus-Purchase-Bills-Chhattisgarh-HC-taxscan.jpg "Re-Assessment can be initiated on Disclosure of Bogus Purchase Bills: Chhattisgarh HC [Read Order]")
Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]
A division bench of the Madras High Court, while asking the Transfer Pricing Officer to pass an order determining Arm’s Length Pricing within 60 days and held that the department cannot claim that...
![Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Dept-Madras-HC-TPO-ALP-taxscan.jpeg "Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]")
CBDT notifies Rules relating to Taxation of Income from Retirement Benefit Account maintained in a Notified Country [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the rules for taxation of income from retirement benefits accounts maintained in a notified country. As per the notification, “where a...
![CBDT notifies Rules relating to Taxation of Income from Retirement Benefit Account maintained in a Notified Country [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/04/CBDT-Taxation-Retirement-Benefit-Account-maintained-Notified-Country-TAXSCAN.jpeg "CBDT notifies Rules relating to Taxation of Income from Retirement Benefit Account maintained in a Notified Country [Read Notification]")
![Customs House Agent bound to pay TDS On Payment to CFS Agents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Customs-House-Agent-TDS-Payment-CFS-Agents-ITAT-taxscan.jpg "Customs House Agent bound to pay TDS On Payment to CFS Agents: ITAT [Read Order]")
Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]
The Indore Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that statement recorded under section 133A of the Income Tax Act by themselves have no evidentiary value and upheld the...
![Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Statement-Statement-Recorded-Sec-133A-Evidentiary-Value-ITAT-Additional-Income-Income-Taxscan.jpg "Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]")