![Investment Source once accepted by AO cannot be Rectified using S.154: ITAT sets aside Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Delhi-Income-Tax-Assessment-Order-Assessment-Order-Assessing-Officer-Section-154-of-the-Income-Tax-Act-Taxscan.jpg "Investment Source once accepted by AO cannot be Rectified using S.154: ITAT sets aside Income Tax Assessment Order [Read Order]")
Investment Source once accepted by AO cannot be Rectified using S.154: ITAT sets aside Income Tax Assessment Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the Income Tax Assessment Order, emphasizing that an Investment Source, once...
![AO cannot Traverse beyond its Mandate to Assume Jurisdiction u/s 147 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Delhi-High-Court-Section147-of-the-Income-Tax-Act-Tax-news-Taxscan.jpg "AO cannot Traverse beyond its Mandate to Assume Jurisdiction u/s 147 of Income Tax Act: Delhi HC [Read Order]")
![Order Passed by Commissioner without considering Detailed Reply in Merits: Delhi High Court quashes Tax Demand of Rs. 10.4 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Delhi-high-court-Delhi-High-Court-Tax-Demand-Tax-Demand-Tax-news-Taxscan.jpg "Order Passed by Commissioner without considering Detailed Reply in Merits: Delhi High Court quashes Tax Demand of Rs. 10.4 Crore [Read Order]")
AO not Governed by Strict Rules of Evidence Act for Assessment Proceedings under Income Tax Act: Madras HC [Read Order]
In a significant ruling the Madras High Court held that the Assessing Officer (AO) is not governed by strict rules of Evidence Act for the assessment proceedings under the Income Tax Act, 1961. ...
![AO not Governed by Strict Rules of Evidence Act for Assessment Proceedings under Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-Governed-Strict-Rules-of-Evidence-Act-Assessment-Proceedings-Income-Tax-Act-Madras-HC-TAXSCAN-1.jpg "AO not Governed by Strict Rules of Evidence Act for Assessment Proceedings under Income Tax Act: Madras HC [Read Order]")
JCIT's approval for Search assessment u/s 153D of Income Tax Act deemed Mechanical without mindful consideration: ITAT nullifies Search
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that approval under Section 153D of the Income Tax Act, 1961 granted by the Joint Commissioner of Income Tax (JCIT) for the search...
No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently made a significant decision, overturning an order passed by the Principal Commissioner of Income Tax ( PCIT ) under section 263...
![No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Found-Assessment-Order-Prejudicial-to-Revenues-Interest-ITAT-PCIT-us-263-of-Income-Tax-Act-TAXSCAN.jpg "No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]")
Order of Assessment and demand of Building Tax pending before Deputy Tahasildar: Kerala HC dismisses writ petition [Read Order]
The Kerala High Court dismissed the writ petition challenging the order of assessment and demand of Building Tax pending before the Deputy Tahsildar. A rectification application, labeled true copy...
Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Pending assessment get abated under Section 153 A of Income Tax Act, 1961 after conducting search and obtaining information...
![Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Delhi-Pending-Assessment-Income-Tax-Assessment-ITAT-Delhi-ruling-on-pending-assessment-TAXSCAN.jpg "Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]")
Failure to produce documents of loan transaction and purchase and pledge of shares: ITAT directs re adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench directed readjudication due to the failure to produce documents concerning the loan transaction and the purchase and pledge of shares. The...
![Failure to produce documents of loan transaction and purchase and pledge of shares: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-mumbai-ITAT-directs-readjudication-loan-transaction-TAXSCAN.jpg "Failure to produce documents of loan transaction and purchase and pledge of shares: ITAT directs re adjudication [Read Order]")
Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]
In a recent decision, the Delhi High Court ruled that the completed assessment can be reopened only if incriminating material is found during search under Section 132 of the Income Tax Act, 1961. ...
![Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Completed-assessment-Reopening-assessment-Incriminating-material-taxscan.jpg "Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]")