Delhi HC Stays order u/s 148A(d) and Consequential Notice as AO committed Error in Law in Framing Initial Assessment [Read Order]
The Division Bench of Delhi High Court has stayed order under Section 148A(d) and consequential notice finding that the Assessing Officer had...
![TDS Credit shall be given for the Assessment year for which such Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Credit-Assessment-Income-ITAT-TAXSCAN.jpg "TDS Credit shall be given for the Assessment year for which such Income is Assessable: ITAT [Read Order]")
![AO cannot Disturb Assessment /Re- Assessment attained Finality Except during proceeding u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/AO-Assessment-Re-Assessment-ITAT-TAXSCAN.jpg "AO cannot Disturb Assessment /Re- Assessment attained Finality Except during proceeding u/s 153A: ITAT [Read Order]")
Union Budget 2023: Period of Limitation on Pending Assessment extended by 12 months [Read Finance Bill]
The Union Budget 2023, presented by the Finance Minister Nirmala Sitharaman proposed to extend the period of limitation on the assessment orders in her budget speech. It was proposed that an order...
Transfer of Jurisdiction after completion of Assessment: Orissa HC restores matter to Kolkata Income Tax Circle [Read Order]
A Single Bench of Orissa High Court has restored the matter to Kolkata Income Tax Circle holding that transfer of jurisdiction of matter was done after completion of assessment. The...
![Transfer of Jurisdiction after completion of Assessment: Orissa HC restores matter to Kolkata Income Tax Circle [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Jurisdiction-Assessment-Orissa-High-Court-Tax-Income-Tax-Income-Tax-Circle-Taxscan.jpg "Transfer of Jurisdiction after completion of Assessment: Orissa HC restores matter to Kolkata Income Tax Circle [Read Order]")
AO cannot Travel Beyond Reasons for Selection of Scrutiny for Limited Scrutiny as per CBDT Circular: ITAT
The Income Tax Appellate Tribunal (ITAT) has recently held that assessing officer could not travel beyond reason for selection of scrutiny for limited scrutiny as per Central Board of Direct Tax...
"High-Pitched" assessment by AO in 'non-adversarial' tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]
Gauhati Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the decision made by the Assessing Officer (AO) to sustain the disallowance of expenses made by the AO under various heads of expenses...
![High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/assessment-tax-regime-tax-ITAT-lack-of-evidence-evidence-taxscan.jpg "High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]")
Suppression of Purchases and Sales cannot be based on ‘Eye Estimation’ of Stock: Orissa HC Quashes VAT Assessment [Read Order]
The Orissa High Court (HC) while quashing the VAT assessment held that the suppression of purchases and Sales cannot be based on ‘Eye Estimation’ of Stock. Subham Marbles, the petitioner...
![Suppression of Purchases and Sales cannot be based on ‘Eye Estimation’ of Stock: Orissa HC Quashes VAT Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/VAT-Assessment-Assessment-VAT-Eye-Estimation-Orissa-High-Court-Sales-taxscan.jpg "Suppression of Purchases and Sales cannot be based on ‘Eye Estimation’ of Stock: Orissa HC Quashes VAT Assessment [Read Order]")
![Seized Document does not contain Name of Assessee: ITAT deletes Assessment u/s 153C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Seized-Document-Document-contain-Name-ITAT-Income-Tax-Tax-taxscan.jpg "Seized Document does not contain Name of Assessee: ITAT deletes Assessment u/s 153C [Read Order]")
![AO shall consider Valid Revised Return while Completing Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AO-Revised-Return-Completing-Assessment-ITAT-TAXSCAN.jpg "AO shall consider Valid Revised Return while Completing Assessment: ITAT [Read Order]")