![Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/application-of-mind-notice-ITAT-assessment-taxscan.jpg "Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]")
Re-Assessment is Invalid If Satisfaction recorded in Mechanical Manner without Application of Mind: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai recorded re opening assessment as invalid on the ground that satisfaction was recorded in a...
![CBIC Rolls Out System-generated Centralized Examination Orders for BoE from 5th September [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/08/CBIC-Examination-Orders-BoE-taxscan.jpeg "CBIC Rolls Out System-generated Centralized Examination Orders for BoE from 5th September [Read Circular]")
![Order u/s 143(1) of Income Tax Act is not Assessment: Delhi HC dismisses EY’s Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Act-Assessment-Delhi-HC-EYs-Plea-taxscan.jpg "Order u/s 143(1) of Income Tax Act is not Assessment: Delhi HC dismisses EY’s Plea [Read Order]")
![Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Contract-Litigation-Protective-Assessment-ITAT-Taxscan.jpeg "Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]")
![Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Notices-ITAT-Assessee-taxscan.jpeg "Neglecting Income Tax Notices: ITAT imposes Cost of Rs. 2000 on Assessee [Read Order]")
![Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Firm-Personal-Income-Partner-ITAT-Taxscan.jpg "Cash Deposit of Firm cannot be added to Personal Income of Partner: ITAT [Read Order]")
No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Waseem Ahmed, Accountant Member and Siddhartha Nautiyal, Judicial Member held that no addition can be made on estimated basis,...
![No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Books-of-Account-Assessee-ITAT-taxscan.jpeg "No Addition can be made on Estimated basis, without rejecting Books of Account of Assessee: ITAT [Read Order]")
Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan amount obtained by the assessee from his friends out of their labour work income cannot be dismissed by the income tax...
![Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Loan-Amount-Labour-Work-Income-ITAT-taxscan.jpeg "Loan Amount from Friends out of Labour Work Income cannot be dismissed as Unbelievable: ITAT [Read Order]")
![ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Revision-order-taxscan.jpg "ITAT deletes Revision order passed u/s 263 based on Presumption [Read Order]")
Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment 'Erroneous' If Sale was under SARFEASI Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench comprising N.K. Billaiya, Accountant Member, and Shri Yogesh Kumar, Judicial Memberhave observed thatan assessment order cannot be held as...
![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")
Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]
The Madras High Court quashed proceedings holding, non-issuance of re assessment notice within prescribed time. In the writ petition, the appellant, Smt. Parveen Amin Bhathara sought to quash the...
![Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-High-Court-Re-Assessment-Notice-Madras-HC-taxscan.jpeg "Non-Issuance of Re-Assessment Notice within prescribed Time: Madras HC quashes Proceedings [Read Order]")
Charges on Undervaluation and Misdeclaration of Goods not sustainable in the absence of Corroborative Evidence: CESTAT [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai held that charges on undervaluation and misdeclaration of goods are not sustainable in the absence of corroborative evidence....
![Charges on Undervaluation and Misdeclaration of Goods not sustainable in the absence of Corroborative Evidence: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/misdeclaration-of-goods-corroborative-evidence-CESTAT-Taxscan.jpeg "Charges on Undervaluation and Misdeclaration of Goods not sustainable in the absence of Corroborative Evidence: CESTAT [Read Order]")