Appeal on Assessment Made Under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act was Pending for No Reason: Calcutta HC directs CIT(A) to Adjudicate Appeal
The Calcutta High Court directed CIT(A) to adjudicate the appeal, as the appeal on assessment made under Black Money (Undisclosed Foreign Income and...
![Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Revisionary-Powers-Income-Tax-Act-not-prevails-if-AO-Conducts-Inquiry-and-Verification-during-Assessment-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]")
![ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Deletion-of-Addition-made-by-CITA-on-ground-of-Non-Consideration-of-Previous-Decision-of-Assessment-TAXSCAN.jpg "ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]")
![Madras HC Dismisses WP against Assessment Order passed u/s 73 of Tamil Nadu Goods and Services Tax Act on ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Madras-HC-WP-Assessment-Order-passed-Tamil-Nadu-Goods-Services-Tax-Act-TAXSCAN.jpg "Madras HC Dismisses WP against Assessment Order passed u/s 73 of Tamil Nadu Goods and Services Tax Act on ground of Limitation [Read Order]")
Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]
In a recent case, the Delhi High Court quashed the assessment order passed by the assessing officer under section 144 of the Income Tax Act,1961 on the ground of non-consideration of proper...
![Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Vodafone-Delhi-HC-Assessment-AO-Non-Consideration-Proper-Evidence-TAXSCAN.jpg "Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]")
Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]
In a ruling by the Chennai Bench of the Income Tax Appellate Tribunal (ITAT), it was determined that the burden of proof lies with the assessee to demonstrate that the capital gains did not accrue to...
![Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Onus-Prove-Accrual-Capital-Gain-Assessee-ITAT-Order-income-tax-taxscan.jpg "Onus to Prove Non-Accrual of Capital Gain Lies on Assessee: ITAT Orders for Readjudication of Capital Gain Assessment [Read Order]")
Assessment Proceedings can't be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment proceedings cannot be initiated on fallacious assumptions, therefore, the order passed by the Commissioner of...
![Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Proceedings-Assessment-ITAT-ITAT-quashes-Order-of-CITA-Taxscan.jpg "Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]")
ICAI likely to Declare Result of Post Qualification Diploma in International Taxation Examination Tomorrow
On July 5th, 2023, the Institute of Chartered Accountants of India (ICAI) is scheduled to declare the results for the post-qualification diploma in International Taxation examination as per the...
Adequacy of Reasons and Relevancy Forms Foundation for Reopening of Assessment: Gujarat HC allows Income Tax Exemption on Compulsorily Acquired Land [Read Order]
A Division Bench of the Gujarat High Court allowed income tax exemption on compulsorily acquired land and observed that adequacy of reasons and relevancy forms foundation for the reopening of...
![Adequacy of Reasons and Relevancy Forms Foundation for Reopening of Assessment: Gujarat HC allows Income Tax Exemption on Compulsorily Acquired Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Adequacy-of-Reasons-and-Relevancy-Forms-Foundation-for-Reopening-of-Assessment-Gujarat-HC-allows-Income-Tax-Exemption-on-Compulsorily-Acquired-Land-TAXSCAN.jpg "Adequacy of Reasons and Relevancy Forms Foundation for Reopening of Assessment: Gujarat HC allows Income Tax Exemption on Compulsorily Acquired Land [Read Order]")
Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made on the ground of non-reply of notice issued during the assessment...
![Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Notice-issued-During-Assessment-Proceedings-Notice-Assessment-Proceedings-Assessment-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]")
CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]
The Central Board of Direct Taxes (CBDT) has amended the Income Tax Rules,1962 through vide notification no. G.S.R. 457(E) issued on 23rd June 2023. The board has changed the rules of the trusts and...
![CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-amends-Form-governing-Trusts-Charitable-institutions-TAXSCAN.jpg "CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]")