![Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Act-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-148-of-the-Income-Tax-Section-148-taxscan.jpeg "Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]")
Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]
Recently, the Income Tax Appellate Tribunal ( ITAT) of Jaipur ruled in a case that involved the issuance of notice under Section 148 of the Income...
![AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Change-Valuation-Shares-Method-ITAT-TAXSCAN.jpg "AO cannot Change Valuation of Shares Method Selected u/s 56(2)(viib) r.w. Rule 11UA(2): ITAT [Read Order]")
![ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-ITAT-allows-Deduction-under-Section-80P2d-Income-Tax-Appellate-Tribunal-Co-operative-Banks-Taxscan.jpg "ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]")
![Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Deduction-EPF-ESI-Taxscan.jpeg "Employers should make Timely Deposit of EPF/ESI for claiming Income Tax Deduction u/s 36(1)(va): ITAT [Read Order]")
Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]
The Delhi High Court has ruled that a taxpayer engaged in educational charitable activities under Section 2(15) of the Income Tax Act is eligible for exemption, as the Assessing Officer, upon due...
![Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Charitable-Trust-Registration-Rejected-Without-Fair-Hearing-Opportunity-ITAT-TAXSCAN.jpg "Taxpayer Engaged in Educational Charitable Activities u/s 2(15) of Income Tax Act is Eligible for Exemption: Delhi HC [Read Order]")
S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) contended that Section 54F of the Income Tax Act, 1961 allows for a deduction on long-term capital gains when these gains are...
![S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Deduction-LTCG-claimed-Invested-Residential-Property-ITAT-taxscan.jpg "S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]")
“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) quashed an Assessment Order passed by an Assessing Officer under Sections 144 and 147 of the Income Tax Act, 1961. The aforementioned...
![“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Appellate-Authority-AO-ITAT-raps-litigation-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]")
Delhi HC quashes Denial of Deductions Claimed for Payment of Salary to Expatriate Employees [Read Order]
In a significant ruling , the Delhi High Court has quashed the denial of deductions claimed for the payment of salaries to expatriate employees The writ petitioner impugns the order framed by the...
AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Assessing Officer ( AO ) cannot make income additions solely based on the retracted statement of third parties. It was...
![AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Itat-Income-Tax-Appellate-Tribunal-Ao-Retracted-Statement-Retracted-Statement-of-Third-Parties-Income-Additions-itat-news-income-tax-news-tax-news-taxscan.jpg "AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]")
Property Sale Income Kept For Investment will be Taxed under 'Capital Gains' under Income Tax Act: Kerala HC [Read Order]
In a recent case, the Kerala High Court has held that income from the sale of property kept for investment will be taxed under 'Capital Gains' under Income Tax Act, 1961. The court upheld the...
![Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Capital-Gains-Kerala-HC-Sale-Income-ITAT-Kerala-High-Court-capital-accretion-taxscan.jpg "Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]")
Rs.1128.46 crores Income Tax Demand against Vi Services Ltd: Bombay HC directs to Furnish Corporate Guarantee of Ultimate Parent Company [Read Order]
In the case of Vodafone India Services Pvt. Ltd, the Bombay High Court directs to furnish a corporate guarantee of the ultimate parent company namely, Vodafone International Holdings BV, Netherlands...
![Rs.1128.46 crores Income Tax Demand against Vi Services Ltd: Bombay HC directs to Furnish Corporate Guarantee of Ultimate Parent Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Demand-Bombay-High-Court-Bombay-HC-Vi-news-TAXSCAN.jpg "Rs.1128.46 crores Income Tax Demand against Vi Services Ltd: Bombay HC directs to Furnish Corporate Guarantee of Ultimate Parent Company [Read Order]")