CBDT Issues SOP on Handling Internal Audit Objections [Read Instruction]
The Central Board of Direct Taxes (CBDT) has issued a new Standard Operating Procedure (SOP) for handling internal audit objections, under...
![Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-assessment-order-Tax-Assessment-Order-Without-Submission-Tax-news-taxscan.jpg "Madras High Court sets aside Income Tax Assessment Order passed hastily without considering Taxpayer’s submission amidst approaching deadline [Read Order]")
![364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Delay-in-Filing-Appeal-Pursuit-of-Alternative-Remedy-Section-119-Income-Tax-Act-taxscan.jpg "364 Days Delay in Filing Appeal Due to Pursuit of Alternative Remedy u/s 119 of Income Tax Act: ITAT Condones Delay [Read Order]")
![ITAT Dismisses Appeal, Directs CIT (E) to Resolve Fresh Form 10 AB Application for Section 80 G (5) Trust Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Appeal-Form-10-AB-Application-Trust-Registration-taxscan.jpeg "ITAT Dismisses Appeal, Directs CIT (E) to Resolve Fresh Form 10 AB Application for Section 80 G (5) Trust Registration [Read Order]")
CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (ITAT) in Bangalore remanded the case to the Assessing Officer (AO) for fresh consideration, highlighting that both the AO and the...
![CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CIT-A-AO-ITAT-Bangalore-ITAT-CBDT-Income-Tax-Appellate-Tribunal-Assessing-Officer-Central-Board-of-Direct-Taxes-Demonetization-Period-taxscan.jpg "CIT (A) and AO Fails to consider CBDT Guidelines on Cash Deposits during Demonetization Period: ITAT remands Case to AO for Fresh Consideration [Read Order]")
Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]
The Karnataka High Court has dismissed an Income Tax appeal filed by the Principal Commissioner of Income Tax due to the tax effect being below the Rs.1 Crore threshold. However, the court left the...
![Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-CBDT-CBDT-Circular-Income-Tax-Revival-of-Income-Tax-appeals-Principal-Commissioner-of-Income-Tax-taxscan.jpg "Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]")
S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]
In a recent ruling, the Bombay High Court directed to issue a replacement notice to legal representatives of the deceased person and proceed with the matter. In this case, the petitioner, Geeta,...
![S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Salaried-Employees-Income-Tax-Notice-Evidence-for-Deduction-taxscan.jpg "S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]")
Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision regarding determining capital gains. The tribunal confirmed the...
![Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Upholds-Capital-Gain-Income-Tax-Appellate-Tribunal-Date-of-Sale-CITA-Decision-Commissioner-of-Income-Tax-Appeals-taxscan.webp "Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]")