![PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-PCIT-Principal-Commissioner-of-Income-Tax-Section-263-TAT-news-TAXSCAN.jpg "PCITs S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]")
PCIT's S.263 action invalid as It Constitutes an Impermissible Second Opinion: ITAT allows Appeal [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Principal Commissioner of Income Tax's (PCIT) action under Section 263 was...
![Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Cochin-Income-Tax-Income-Tax-Appeal-Duplicate-income-tax-appeal-ITAT-dismisses-Appeal-taxscan.jpg "Duplicate Income Tax Appeal filed by Revenue Not Maintainable: ITAT dismisses Infructuous Appeal against Geojit Financial [Read Order]")
![Delhi HC Sets Aside Income Tax Notice, Citing Failure to Include Legal Heirs of Deceased in Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Delhi-HC-Income-Tax-Notice-Legal-Heirs-Citing-Failure-Delhi-HC-Sets-Aside-Income-Tax-Notice-income-tax-TAXSCAN.jpg "Delhi HC Sets Aside Income Tax Notice, Citing Failure to Include Legal Heirs of Deceased in Proceedings [Read Order]")
![CBDT extends Income Tax Audit Report Filing Deadline to October 7 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/09/CBDT-Income-Tax-Audit-Report-Filing-Deadline-October-7-taxscan.jpg "CBDT extends Income Tax Audit Report Filing Deadline to October 7 [Read Circular]")
Delhi HC quashes Income Tax Reassessment Notices issued after Completion of Assessment Proceedings [Read Order]
In a recent ruling, the Delhi High Court held that the impugned action for income tax reassessment could be sustained. In this case, the petitioner Satish Chand Jain had filed his Income Tax...
![Delhi HC quashes Income Tax Reassessment Notices issued after Completion of Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-HC-Delhi-High-Court-High-Court-news-Delhi-HC-quashes-Income-Tax-Reassessment-Notices-Assessment-Proceedings-Income-Tax-taxscan.jpg "Delhi HC quashes Income Tax Reassessment Notices issued after Completion of Assessment Proceedings [Read Order]")
80C Deduction cannot be denied Solely due to Incorrect Filing of ITR-5 Instead of ITR-2: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the deduction under Section 80C of Income Tax Act, 1961 cannot be denied solely due to incorrect filing in ITR Form-5...
![80C Deduction cannot be denied Solely due to Incorrect Filing of ITR-5 Instead of ITR-2: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Income-Tax-Appellate-Tribunal-Filing-of-ITR-ITR-Income-Tax-Return-Section-80C-Section-80C-Income-Tax-Act-TAXSCAN.jpg "80C Deduction cannot be denied Solely due to Incorrect Filing of ITR-5 Instead of ITR-2: ITAT [Read Order]")
ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal, upholding the Commissioner of Income Tax (Appeals) [ CIT(A) ]'s decision to delete the addition made by...
![ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITAT-Upholds-CIT-A-Ruling-AO-Assessing-officer-Bogus-LTCG-taxscan.jpg "ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]")
ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT)Â allowed the appeal,deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 and noted that the co-operative bank in...
![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-Co-operative-Bank-ITAT-Deletes-Income-Tax-Appellate-Tribunal-ITAT-Deposit-Insurance-and-Credit-Guarantee-Corporation-DICGC-Section-2711c-of-the-Income-Tax-Act-taxscan.jpg "ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]")
![Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-TDS-Firm-Partner-Payments-New-Section-194T-taxscan.jpg "Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]")