Question of Ascertaining Existence of PE Academic when Arm Length Remuneration issue settled by TPO: Delhi HC quashes Re-Assessment Proceedings [Read Order]
The Delhi High Court quashed re-assessment proceedings and held that the question of ascertaining existence of PE academic when arm length...
![Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-income-tax-act-income-tax-Tax-news-TAXSCAN.jpg "Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]")
![Approval u/s 153D of Income Tax Act cannot be Grant Merely in Ritualistic formality or rubber stamping by authority: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-High-Court-Section-153D-of-the-Income-Tax-Act-Grant-Merely-in-Ritualistic-formality-Delhi-HC-Tax-news-Taxscan.jpg "Approval u/s 153D of Income Tax Act cannot be Grant Merely in Ritualistic formality or rubber stamping by authority: Delhi HC [Read Order]")
![CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/CEAT-Income-Tax-Refund-Bombay-HC-tax-Bombay-High-Court-assessment-tax-updates-tax-news.jpg "CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]")
Kerala HC halts Recovery Proceedings amidst pending appeals; Directs Commissioner of Income Tax to expedite resolution of Stay Petitions and Appeals [Read Order]
The Kerala High Court has intervened to temporarily halt the income tax recovery proceedings against the petitioner. This decision came amidst pending appeals filed by Mr. Muhammed Ali P.P., a...
![Kerala HC halts Recovery Proceedings amidst pending appeals; Directs Commissioner of Income Tax to expedite resolution of Stay Petitions and Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Kerala-High-Court-Recovery-proceedings-Income-tax-appeals-Income-tax-taxscan.jpg "Kerala HC halts Recovery Proceedings amidst pending appeals; Directs Commissioner of Income Tax to expedite resolution of Stay Petitions and Appeals [Read Order]")
Retrospective Date to Apply for Settlement before Interim Board for Settlement u/s 245C(5) of IT Act shall be March 31, 2021 for A.Y. 202-21 : Madras HC [Read Order]
In a recent ruling, the Madras High Court observed that the retrospective date to apply for the Settlement before the Interim Board for Settlement under Section 245C(5) of Income Tax Act, 1961 shall...
Denial of Claim of Deduction u/s 80 of Income Tax Act without stating Reason: Kerala HC directs to Stay Recovery Till Finalisation of Appeal [Read Order]
The Kerala High Court directed to stay in recovery till the finalisation of the appeal against the denial of the claim of deduction under section 80 of the Income Tax Act, 1961 without stating the...
![Denial of Claim of Deduction u/s 80 of Income Tax Act without stating Reason: Kerala HC directs to Stay Recovery Till Finalisation of Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Denial-of-Claim-of-Deduction-us-80-of-Income-Tax-Act-Kerala-HC-Recovery-Till-Finalisation-of-Appeal-TAXSCAN.jpg "Denial of Claim of Deduction u/s 80 of Income Tax Act without stating Reason: Kerala HC directs to Stay Recovery Till Finalisation of Appeal [Read Order]")
Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]
In a recent ruling, the Madras High Court condoned the delay of the Income Tax Returns ( ITR ) filed by the Agricultural Co-operative Credit Society considering the genuine hardships faced by the...
![Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Madras-High-Court-Filing-of-ITR-Delay-in-Statutory-Audit-Completion-Statutory-Audit-TAXSCAN.jpg "Belated Filing of ITR due to Delay in Statutory Audit Completion, 80B Deduction Denied: Madras HC Condones Delay, Remands for Reconsideration [Read Order]")