![Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Capital-gain-Tax-previous-year-Assessment-Income-Tax-Act-ITAT-income-tax-income-act-taxscan.jpg "Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]")
Capital Gains cannot be Taxable when Transfer of Land Taken Place in Previous Year of Assessment proceedings: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that capital gains cannot be taxable when the transfer of land took place in the...
![Assessment Proceedings Completed without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Proceedings-Assessment-Sufficient-Opportunity-to-Assessee-ITAT-Directs-Re-adjudication-taxscan.jpg "Assessment Proceedings Completed without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")
![Kerala HC quashes Property Tax Demand without Assessment of Property under Kerala Panchayat Raj Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Kerala-High-Court-Kerala-HC-quashes-Property-Tax-Demand-Property-Tax-Demand-Tax-Demand-Tax-Demand-Assessment-of-Property-Assessment-Kerala-Panchayat-Raj-Act-Panchayat-Raj-Act-taxscan.jpg "Kerala HC quashes Property Tax Demand without Assessment of Property under Kerala Panchayat Raj Act [Read Order]")
![ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Rules-TRC-Sole-Evidence-DTAA-Benefits-Deletes-Tax-Liability-Mauritius-Company-TAXSCAN.jpg "ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read Order]")
![ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-ITAT-upholds-Assessment-Assessment-Income-Tax-Act-Income-Tax-Special-Audit-conduct-Special-Audit-Income-Tax-Act-based-on-Special-Audit-conduct-taxscan.jpg "ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]")
Assessment framed u/s 147 of I T Act on Information under Project Falcon regarding Trading on United Stock Exchange of India not borne out of any record: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that assessment framed under Section 147 of Income Tax Act,1961 on information under Project Falcon regarding trading...
![Assessment framed u/s 147 of I T Act on Information under Project Falcon regarding Trading on United Stock Exchange of India not borne out of any record: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-framed-I-T-Act-on-Information-under-Project-Falcon-regarding-Trading-on-United-Stock-Exchange-of-India-ITAT-TAXSCAN.jpg "Assessment framed u/s 147 of I T Act on Information under Project Falcon regarding Trading on United Stock Exchange of India not borne out of any record: ITAT [Read Order]")
Income Tax Portal Update: Form 10A filing for Regular Registration/Approval for A.Y. 2022-23 is Available Now [Read Notification]
The Income Tax Department enabled the filing of Form 10A for regular registration/approval of Assessment year 2022-23 vide Circular No.6 of 2023 dated 24th May 2023. The Form 10A is used by the...
![Income Tax Portal Update: Form 10A filing for Regular Registration/Approval for A.Y. 2022-23 is Available Now [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Portal-Update-Form-10A-filing-for-regular-registration-available-now.jpg "Income Tax Portal Update: Form 10A filing for Regular Registration/Approval for A.Y. 2022-23 is Available Now [Read Notification]")
No Addition u/s 69A of Income Tax Act when Source of Income duly explained during Assessment: ITAT quashes Order [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no addition can be made under Section 69A of Income Tax Act, 1961 when the source of cash deposit was duly explained during the...
![No Addition u/s 69A of Income Tax Act when Source of Income duly explained during Assessment: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Source-of-Income-duly-explained-during-Assessment-Income-Tax-ITAT-quashes-Order-taxscan.jpg "No Addition u/s 69A of Income Tax Act when Source of Income duly explained during Assessment: ITAT quashes Order [Read Order]")
RBI Releases Draft on Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators
The Reserve Bank of India (RBI) released the draft on RBI releases Draft on Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators on June 2nd 2023. ...
Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the income derived from sale of agricultural land is not capital asset under section 2(14)(iii) of Income Tax ...
![Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-from-Sale-of-Agricultural-land-is-not-Capital-Asset-ITAT-TAXSCAN.jpg "Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]")
ICAI notifies ISA Course Assessment Test to be held on 8th July 2023: Check your Examination City here [Read Notification]
The Institute of Chartered Accountant of India (ICAI) has notified the Information Systems Audit (ISA) Course Assessment Test (3.0 Syllabus) for the members is to be conducted on 8th July 2023...
