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![Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-Assessment-order-mistakes.jpg "Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]")
Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court stated that clerical mistakes in reassessment notices can be corrected, but ignoring clear errors in...
![CBDT cannot Impose Arbitrary Time Limits to Deny Taxpayers’ Refund Rights under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/sun-pharmaceutical.jpg "CBDT cannot Impose Arbitrary Time Limits to Deny Taxpayers’ Refund Rights under Income Tax Act: Delhi HC [Read Order]")
![S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reassessment-Delhi-High-Court-Section-153C-of-the-Income-Tax-Act-Taxscan.jpg "S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]")
![No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delhi-High-Court-Income-Tax-Delhi-HC-rejects-husbands-tax-inquest-plea-Husband-and-wife-taxscan.jpg "No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]")
Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]
In a recent ruling, the Delhi High Court quashed Rs. 2,000 crore income tax noticeby the Income Tax Department against Maruti Suzuki India Ltd. (the petitioner), holding that the reassessment notice...
![Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delhi-High-Court-Income-Tax-Notice-Income-Tax-Maruti-Suzuki-case-updates-TAXSCAN.jpg "Delhi HC Quashes ₹2,000 Cr Income Tax Notice against Maruti Suzuki, Declares It Time-Barred [Read Order]")
![Supreme Court Grants One Week Time to News Click Against Income Tax Demands [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-Court-Income-Tax-Demand-Supreme-Court-grants-relief-to-News-Click-TAXSCAN.jpg "Supreme Court Grants One Week Time to News Click Against Income Tax Demands [Read Judgment]")
![Supreme Court & High Courts Weekly Round-up [Feb 15th to Feb 21st,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-court-High-court-Judgments-Supreme-court-tax-judgments-high-court-case-updates-TAXSCAN.jpg "Supreme Court & High Courts Weekly Round-up [Feb 15th to Feb 21st,2025]")
ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) directed the inclusion of Magma Advisory Services Ltd. as a comparable, rejecting its exclusion based on negative cash flow. Honda R & D...
![ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-site-img-4.jpg "ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]")
![ITAT quashes Reassessment Due to Vague Reasons and Lack of Jurisdiction for New Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Quashes-Reassessment-Due-Vague-Reasons-and-Lack-of-Jurisdiction-Lack-of-Jurisdiction-Lack-of-Jurisdiction-for-New-Additions-Jurisdiction-for-New-Additions-taxscan.jpg "ITAT quashes Reassessment Due to Vague Reasons and Lack of Jurisdiction for New Additions [Read Order]")
Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi has ruled that a financial creditor's ability to seek redress under Section 7 of the law is not in any way restricted by a dispute that...
![Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Pending-Arbitration-Prohibit-Financial-Creditors-Financial-Creditors-dispute-even-Pending-Arbitration-avail-remedy-section-7-of-IBC-IBC-taxscan.jpg "Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]")
![Disallowance of Expenses u/s 14A: ITAT Allows Appeal Due to No Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-ITAT-Allows-Appeal-Due-Exempt-Income-Taxscan.jpg "Disallowance of Expenses u/s 14A: ITAT Allows Appeal Due to No Exempt Income [Read Order]")