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Refund can’t be denied since Assessment was not Challenged: Bombay HC allows Plea by Micromax [Read Judgment]

Taxscan Team

While granting relief to the Micromax Informatics Limited, a division bench of the Bombay High Court held that refund cannot be denied merely because...

Assessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT [Read...

Deduction can’t be denied merely because assessee couldn’t furnish Project Completion Certificate:...

‘Reason to Suspect’ can’t be a reason to Re-open Assessment: ITAT [Read Order]

Assessment can’t be Re-Opened based on Audit Party’s Opinion alone: Madras HC [Read Judgment]

Assessment against Non-Existent Entity is Void: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessment against a non- existent entity is not valid under the Income Tax Act, 1961. In the instant case, the assessee-...

Inaccuracy or Mistake in Notice would make Assessment Invalid: Delhi HC [Read Judgment]

A two-judge bench of the Delhi High Court has held that the inaccuracy or mistake in a notice issued under section 147 of the Income Tax Act would make the same legally not valid. In the instant...

Assessment against a Non-Existing Amalgamating Entity is Invalid: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench, in the case of Vertex Customer Management India Pvt. Ltd v. DCIT held that an Assessment against a non-existing amalgamating Company instead of...

Penalty not leviable when Assessment itself is Quashed: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in Sh. Ravinder Taneja v. ACIT, held that the Penalty imposed on the assessee becomes invalid since the assessment under Section 158BC of...

CIT cannot exercise Revisionary Jurisdiction to remit matter to AO without satisfying conditions u/s 263: ITAT [Read Order]

While allowing the appeal of Assessee in Poonam Bhotika versus Income Tax Officer, the Kolkata bench of the ITAT held that the Commissioner of Income Tax ( CIT ) has no power under section 263 to...

ITAT slams Revenue Officials for committing Mistakes [Read Order]

The Hyderabad bench of ITAT in ‘DCIT v. Shashikala Ramkumar’ slammed the Revenue officials for making additions erroneously and making an appeal on irrelevant grounds. The assessee Shashikala...

Re-Opening of Assessment without Application of Mind is Invalid: ITAT [Read Order]

The Agra Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s Deepraj Hospital (P.) Ltd. v. ITO held that the proceedings initiated under Section 147 of the Income Tax Act and the...

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