![Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Assessment-Recalculation-of-Capital-Gains-Notice-ITAT-TAXSCAN.jpg "Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]")
Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that reopening of the Income Tax Assessment of the assessee and...
AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams 'Suspicious Transactions' made by Assessee [Read Order]
The Assessing Officer as well as the CIT(A) who are quasi-judicial authorities employed for execution of the provisions of the Income Tax Act.” The Pune Bench of the Income Tax Appellate Tribunal...
![AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AO-CITA-Quasi-Judicial-Authorities-Execution-of-Income-Tax-Act-ITAT-Suspicious-Transactions-Taxscan.jpg "AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]")
Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of loss on account of write-off inventory of cotton whenthe capital gains derived from sale of property set...
![Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gains-Business-Loss-ITAT-upholds-Disallowance-of-Loss-on-account-of-write-off-Inventory-of-Cotton-TAXSCAN.jpg "Capital Gains derived from Sale of Property set off under current year Business Loss: ITAT upholds Disallowance of Loss on account of write-off Inventory of Cotton [Read Order]")
Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held, in the case of revenue against the assessee-K. Dhandapani and Co. Ltd. that agricultural activity has been carried out...
![Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Agricultural-Activity-Agricultural-Income-Sale-Capital-Gains-ITAT-taxscan.jpg "Agricultural Activity carried out and Agricultural Income declared, Sale not taxable as Capital Gains: ITAT [Read Order]")
Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) comprising Judicial Member Beena Pillai and Accountant Member Chandra Poojari has recently held that the consideration received by the...
![Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Consideration-received-Relinquishment-Property-Rights-Assessee-taxable-Capital-Gains-ITAT-TAXSCAN-1.jpg "Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]")
![Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gains-Prior-ITAT-TAXSCAN.jpg "Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]")
![Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reopening-Income-Tax-ITAT-TAXSCAN-3.jpg "Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]")