![Calcutta HC quashes Assessment Notice u/s 154 of Income Tax Act issued against Dead Person [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Calcutta-HC-Assessment-Notice-Income-Tax-Act-issued-against-Dead-Person-TAXSCAN.jpg "Calcutta HC quashes Assessment Notice u/s 154 of Income Tax Act issued against Dead Person [Read Order]")
Calcutta HC quashes Assessment Notice u/s 154 of Income Tax Act issued against Dead Person [Read Order]
The Calcutta High Court quashed an assessment notice under Section 154 of the Income Tax Act, 1961 issued against dead person. By the writ...
![Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Subsidies-Government-Maharashtra-Package-Schem-e-Incentive-Capital-Receipt-ITAT-TAXSCAN.jpg "Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [Read Order]")
![Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-Completed-issue-resolved-and-Affirmed-by-SC-Delhi-HC-dismisses-Appeal-of-Income-Tax-Dept-TAXSCAN.jpg "Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax Dept [Read Order]")
![No Failure to Disclose Material Facts fully: ITAT invalidates Assessment Reopened after Four Years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-invalidates-assessment-reopened-ITAT-assessment-taxscan.jpg "No Failure to Disclose Material Facts fully: ITAT invalidates Assessment Reopened after Four Years [Read Order]")
CBIC issues Circular on Expansion of automatic Let Export Order (LEO) facility in ECCS [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) vide circular no. 19/ 2023-Customs dated August 02, 2023 has released a circular regarding the extension of the automatic LEO (Let Export Order)...
![CBIC issues Circular on Expansion of automatic Let Export Order (LEO) facility in ECCS [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBIC-issues-Circular-Expansion-of-automatic-Let-Export-Order-ECCS-LEO-Let-Export-Order-CBIC-issues-Circular-on-Expansion-of-automatic-Let-Export-Order-taxscan-1.jpg "CBIC issues Circular on Expansion of automatic Let Export Order (LEO) facility in ECCS [Read Notification]")
ICAI notifies Online Assessment Test (AT) for Certificate Course on Fundamental and Technical Analysis of Stocks to be Conducted on 19th August 2023
The Institute of Chartered Accountants of India (ICAI) has notified the date for online assessment test for Certificate Course on Fundamental and Technical Analysis of Stocks including equity...
Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench while directing to examine previous year assessment regarding capital gain exemption held that deduction under Section 54 of Income Tax Act,...
![Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-Income-Tax-Act-Capital-Gain-Taxable-Current-Assessment-ITAT-taxscan.jpg "Deduction u/s 54 of Income Tax Act not allowable as Capital Gain as is not Taxable in Current Assessment Year: ITAT directs to examine Previous A.Y [Read Order]")
Income Tax Growth of 16.1%: Record ITR Filing of over 6.77 Crores and 3.44 ITRs Processed within Due Date
The Central Board of Direct Taxes (CBDT) has informed that the Income Tax Returns (ITR) filing has witnessed a record growth of 16.1% year on year. Also 6.77 crores ITRs were filed within 31st July...
Value Fixed by Stamp Valuation Authority to be taken as Full Value of Consideration Calculating Capital Gains: Delhi HC Condemns Act of PCIT in Rubber Stamping Attempt of AO to Reopen Assessment
The Delhi High Court condemned act of Principal Commissioner of Income Tax (PCIT) in rubber stamping attempt of the Assessing Officer (AO) to reopen assessment and observed that the value fixed by...
AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the assessing officer passed the order without complying with the mandatory requirement, and thus set aside the order of CIT(A)...
![AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-assessment-order-mandatory-requirements-Income-Tax-Act-ITAT-TAXSCAN.jpg "AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]")
Reopening of Assessment. u/s 147 of Income Tax Act not Valid in Absence of an Allegation Failure to Disclose Material Fact: Delhi HC [Read Order]
The Delhi High Court has held that reopening of assessment under section 147 of the Income Tax Act, 1961 is not valid in the absence of an allegation of failure to disclose a material fact. The...
![Reopening of Assessment. u/s 147 of Income Tax Act not Valid in Absence of an Allegation Failure to Disclose Material Fact: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Reopening-Reopening-of-Assessment-Income-Tax-Act-Valid-Absence-Allegation-Allegation-Failure-taxscan.jpg "Reopening of Assessment. u/s 147 of Income Tax Act not Valid in Absence of an Allegation Failure to Disclose Material Fact: Delhi HC [Read Order]")