![Re-Assessment can’t be made on the basis of Audit Query: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment can’t be made on the basis of Audit Query: ITAT [Read Order]")
Re-Assessment can’t be made on the basis of Audit Query: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-assessment cannot be made on the basis of the audit report. The...
![ICAI submits Annual Report and Audited Accounts of the Institute for the year 2017-18 [Read Report]](https://www.taxscan.in/wp-content/uploads/2018/06/ICAI-Valuation-Taxscan.jpg "ICAI submits Annual Report and Audited Accounts of the Institute for the year 2017-18 [Read Report]")
![S. 80IB Deduction available even if Form 10CCB Audit Report is filed before Completion of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "S. 80IB Deduction available even if Form 10CCB Audit Report is filed before Completion of Assessment: ITAT [Read Order]")
![Govt Notifies Tax Exemption to Scientific Research Association [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/Tax-Exemptions-Tax-Scan.jpg "Govt Notifies Tax Exemption to Scientific Research Association [Read Notification]")
It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that it is the responsibility of the assessee to ensure that the audited books are submitted in stipulated time and that Chartered...
![It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "It is Assessees’ Duty to ensure that Audited Books are submitted on time and that CA does his job properly: ITAT [Read Order]")
![West Bengal Govt Extends Due Date for filing Audit Report FY 2016-17 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-VAT-Taxscan.jpg "West Bengal Govt Extends Due Date for filing Audit Report FY 2016-17 [Read Notification]")
Deduction u/s 80IC cannot be denied merely on Ground of Non-Submission of Audit Report alongwith Return: ITAT Delhi [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT), on Monday ruled that submission of audit report for claiming deduction u/s 80IC of the Income Tax Act, 1961 is merely a matter of procedure and...
![Deduction u/s 80IC cannot be denied merely on Ground of Non-Submission of Audit Report alongwith Return: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction u/s 80IC cannot be denied merely on Ground of Non-Submission of Audit Report alongwith Return: ITAT Delhi [Read Order]")
![Property Advance above Rs. 20,000 must be disclosed in the Audit Report: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Property Advance above Rs. 20,000 must be disclosed in the Audit Report: CBDT [Read Notification]")
Return Filed by a Govt Agency cannot be held as Non-Est on Ground of Non-Production Audit Report: ITAT Hyderabad
While allowing relief to A.P diary Development Corporative Pvt Ltd, the Income Tax Appellate Tribunal (ITAT), Hyderabad held that the income tax return filed by a Government agency cannot be rejected...
Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Hyderabad ITAT ruled that non- enclosure of audit report to the return of income would not attract penalty under section 271B of the Income Tax Act. During the course of...
Provision requiring Filing of Audit Report along with the Return is Directory, not Mandatory: Allahabad HC [Read Judgment]
In Fortuna Foundation Engineers & Consultants Pvt.Ltd v. CIT, the division bench of the Allahabad High Court held that the provisions of Rule 18BBB of the Income Tax Rules mandating filing of...