![Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Penalty-Regular-Assessment-ITAT-Taxscan.jpeg "Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT [Read Order]")
Income Tax Penalty u/s 271E cannot be levied in the absence of Regular Assessment: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271E of the Income Tax Act, 1961...
![Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-presumption-ITAT-Section-153C-Taxscan.jpg "Section 153C Assessment cannot be based on Presumptions: ITAT [Read Order]")
![No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-ITAT-Revenue-Appeal-Reopening-Assessment-taxscan.jpeg "No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]")
![Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Tax-Savings-Source-of-Money-Fixed-Deposits-Savings-ITAT-Senior-Citizen-Lady-Taxscan.jpeg "Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]")
![Notice not served on Assessee due to Change of Address: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Notice-Assessee-Change-of-Address-ITAT-deletes-Penalty-Taxscan.jpg "Notice not served on Assessee due to Change of Address: ITAT deletes Penalty [Read Order]")
Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]
A division bench of the Bombay High Court has directed the income tax department to pay interest by way of compensation/ damages to the assessee for the delay in completing assessment after search...
![Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Delay-Completing-Assessment-Bombay-HC-Compensation-Assessee-Taxscan.jpeg "Delay in Completing Assessment after 4 Years of Search: Bombay HC allows Compensation to Assessee [Read Order]")
Reassessment shall be Conducted by Same Officer or his Successor who Conducted Assessment: Gujarat HC quashes Reassessment Initiated by DRI [Read Order]
The Gujarat High Court has held that reassessment shall be conducted by same officer or his successor who conducted assessment and quashed the reassessment initiated by Directorate of Revenue...
![Reassessment shall be Conducted by Same Officer or his Successor who Conducted Assessment: Gujarat HC quashes Reassessment Initiated by DRI [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Reassessment-Officer-Successor-Assessment-Gujarat-HC-Reassessment-Initiated-DRI-Taxscan.jpg "Reassessment shall be Conducted by Same Officer or his Successor who Conducted Assessment: Gujarat HC quashes Reassessment Initiated by DRI [Read Order]")
Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]
The Calcutta High Court has held that expenditure in the form of commission to the doctors is prohibited by law and not entitled to deduction u/s 37. The petitioner, Peerless Hospitex Hospital and...
![Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Expenditure-Commission-Doctors-Law-Deduction-Calcutta-High-Court-Taxscan.jpeg "Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC [Read Order]")
Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]
A division bench of the Madras High Court, while asking the Transfer Pricing Officer to pass an order determining Arm’s Length Pricing within 60 days and held that the department cannot claim that...
![Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Dept-Madras-HC-TPO-ALP-taxscan.jpeg "Dept cannot claim that Time limits are Not Mandatory: Madras HC asks TPO to Pass Order Determining ALP within 60 Days [Read Order]")
No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on receipt of cash loan from family members...
![No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Penalty-Cash-Loan-Family-Members-Business-Exigency-ITAT-Taxscan.jpeg "No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]")
Service Tax collected But Not Remitted to Government can be disallowed u/s 43B of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the amount of service tax collected but not remitted to the Government exchequer can be disallowed under section 43B of...
![Service Tax collected But Not Remitted to Government can be disallowed u/s 43B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Service-Tax-Income-Tax-Act-ITAT-taxscan.jpg "Service Tax collected But Not Remitted to Government can be disallowed u/s 43B of Income Tax Act: ITAT [Read Order]")