![DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/DCIT-assessment-deduction-Taxscan.jpg "DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]")
DCIT can’t Re-Open Assessment after 4 years to deny Deduction unless any Income Chargeable to Tax escaped Assessment: Madras HC [Read Judgment]
The High Court of Madras held that Deputy Commissioner of Income Tax (DCIT) cannot reopen assessment after 4 years to deny deduction unless any income...
![CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/05/CBDT-Income-Tax-Safe-Harbour-Rules-Taxscan.jpg "CBDT notifies Income Tax (9th Amendment) Rules, 2020: Safe Harbour Rules Extended [Read Notification]")
![No Capital Gain Tax on Amount Received by Retiring Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Taxscan.jpg "No Capital Gain Tax on Amount Received by Retiring Partner: ITAT [Read Order]")
![In a First, ITAT holds hearing through Video Conferencing [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-07-at-4.09.57-PM.jpeg "In a First, ITAT holds hearing through Video Conferencing [Read Order]")
![Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income earned from Investments with Treasuries and Banks Taxable as Business Income: ITAT [Read Order]")
Stamp Value will be considered as Full Consideration only If Payment was made through Bank on or before the Date of Transfer: ITAT
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has observed that the stamp value on the date of agreement to sell shall be considered as full value of consideration for the purpose of...
Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]
The Delhi High Court upheld the decision of the appellate tribunal that the assessee’s failure to file the return at the material time cannot be considered as willful. That search and seizure...
![Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessees-Failure-Delhi-High-Court-Taxscan.jpg "Assessee’s Failure to File Return at the Material Time can’t be considered as Willful: Delhi HC [Read Judgment]")
CBDT amends Procedures for Filing Tax u/s 115BAB by New Manufacturing Companies [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has notified new additions to the methods and procedures followed by new manufacturing companies for filing tax under section 115 BAB of the Income Tax Act,...
![CBDT amends Procedures for Filing Tax u/s 115BAB by New Manufacturing Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/CBDT-Filing-Tax-Taxscan.jpg "CBDT amends Procedures for Filing Tax u/s 115BAB by New Manufacturing Companies [Read Notification]")