![Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-of-Assessment-Approval-of-Joint-Commissioner-is-Invalid-ITAT-TAXSCAN.jpg "Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]")
Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the reopening of assessment after 4 years with the approval of joint...
![Delhi HC quashes Order u/s 127 Income Tax Act as Objection Filed was not Considered [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delhi-HC-quashes-Order-Income-Tax-Act-as-Objection-Filed-was-not-Considered-TAXSCAN.jpg "Delhi HC quashes Order u/s 127 Income Tax Act as Objection Filed was not Considered [Read Order]")
![Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investment-Allowance-claimed-Income-Tax-Act-towards-new-asset-claim-depreciation-on-New-Asset-ITAT-TAXSCAN.jpg "Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]")
![ITAT directs to compute addition towards 2% of Profit on Sale of Gold by assessee found during Search and Seizure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-to-compute-addition-towards-Profit-on-Sale-of-Gold-by-assessee-found-during-Search-and-Seizure-TAXSCAN.jpg "ITAT directs to compute addition towards 2% of Profit on Sale of Gold by assessee found during Search and Seizure [Read Order]")
![AOs failure to verify Nature and Source of Income: ITAT upholds Revision Order of Pr. CIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-Reopening-Case-initiated-failure-Cash-deposits-AO-taxscan-1.jpg "AOs failure to verify Nature and Source of Income: ITAT upholds Revision Order of Pr. CIT [Read Order]")
ITAT directs Re-Adjudication on Income Tax Exemption to Global Research Forum on Diaspora and Transnationalism [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that examination of Memorandum of Association would clarify the services in lieu of consideration and so the amount was in the nature of...
![ITAT directs Re-Adjudication on Income Tax Exemption to Global Research Forum on Diaspora and Transnationalism [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Re-Adjudication-Income-Tax-Exemption-Global-Research-Forum-taxscan.jpg "ITAT directs Re-Adjudication on Income Tax Exemption to Global Research Forum on Diaspora and Transnationalism [Read Order]")
![Rights to Build and Operate Toll Road are Intangible Assets, Depreciation Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Rights-to-Build-and-Operate-Toll-Road-Intangible-Assets-Depreciation-Allowable-ITAT-TAXSCAN.jpg "Rights to Build and Operate Toll Road are Intangible Assets, Depreciation Allowable: ITAT [Read Order]")
Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT (A)] has not adjudicated the issues on merits thus restored the matter to the CIT(A)...
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-of-Income-Tax-Addition-Ground-of-Incomplete-Material-Evidence-Assessee-ITAT-restores-Matter-to-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restores the case to Commissioner of Income Tax (Exemption) [CIT (E)] and held that tax exemption under Section 12 AB of Income Tax Act,...
![ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Restores-Appeal-on-Condition-to-Furnish-Required-Set-of-Documents-to-Avail-Tax-Exemption-for-Trust-Income-Tax-TAXSCAN.jpg "ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]")
Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]
The Ahemdabad Bench of Income Tax Appellate Tribunal (ITAT) held that assessee did not get the right over the income as per accrual accounting system as provided under the provisions of section 145...
![Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Not-Leviable-Right-over-Income-Accrues-upon-Transfer-of-Development-Rights-ITAT-TAXSCAN.jpg "Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]")
Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that reopening of the assessment recorded by an Authority, who does not having territorial jurisdiction over the assessee is bad in...
![Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Issuance-of-notice-for-reopening-income-tax-assessment-by-ITO-territorial-jurisdiction-is-invalid-ITAT-TAXSCAN.jpg "Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]")
![Assessment Order in Name of Non-existing Entity is Void: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-Order-Name-of-Non-existing-Entity-is-Void-ITAT-TAXSCAN.jpg "Assessment Order in Name of Non-existing Entity is Void: ITAT [Read Order]")