![Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-in-Raipur-Lack-of-evidence-ITAT-deletes-Addition-unexplained-investment-IT-Act-Section-69-ITAT-news-TAXSCAN.jpg "Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]")
Lack of Evidence in proving Unexplained Investment u/s 69 of IT Act: ITAT deletes Addition [Read Order]
The Raipur bench of Income Tax Appellate Tribunal (ITAT) directed for the deletion of the additional amount charged by the Assessing Officer (AO). An...
![Non-Adjudication of Jurisdictional Grounds and Failure to State Point of Determination u/s 250(6) of Income Tax Act: ITAT sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Jurisdictional-Grounds-ITAT-Pune-TAXSCAN.jpg "Non-Adjudication of Jurisdictional Grounds and Failure to State Point of Determination u/s 250(6) of Income Tax Act: ITAT sets Aside Order [Read Order]")
![Action of Reassessment in relation to Search undertaken on or after 1st April 2021 should meet Tests under First Proviso to Section 149(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-High-Court-Delhi-hc-Income-tax-act-First-proviso-Section-149-TAXSCAN.jpg "Action of Reassessment in relation to Search undertaken on or after 1st April 2021 should meet Tests under First Proviso to Section 149(1) of Income Tax Act: Delhi HC [Read Order]")
![Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Readjudication-TAXSCAN.jpg "Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]")
![Exemption u/s11(1) of Income Tax Act Not available for expense incurred for giving Mementos to Presidents and Secretaries of Milk Producers Association: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Exemption-TAXSCAN.jpg "Exemption u/s11(1) of Income Tax Act Not available for expense incurred for giving Mementos to Presidents and Secretaries of Milk Producers Association: ITAT [Read Order]")
Income Tax Assessment Order passed without considering Written Submission of Assessee: Kerala HC sets aside Assessment Order against Co operative Bank [Read Order]
In a single judge verdict the Kerala High Court set aside Income Tax assessment order passed without considering written submission of the assessee. The petitioner assessee, Poomkulam Service Co...
![Income Tax Assessment Order passed without considering Written Submission of Assessee: Kerala HC sets aside Assessment Order against Co operative Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Kerala-High-Court-Income-Tax-Assessment-Order-Income-Tax-Assessment-Order-TAXSCAN.jpg "Income Tax Assessment Order passed without considering Written Submission of Assessee: Kerala HC sets aside Assessment Order against Co operative Bank [Read Order]")
Kerala HC Dismisses Writ Petition, Directs Petitioner to Pursue Remedy under Income Tax Act against Rejection of Stay Application
The High Court of Kerala has dismissed a writ petition filed by Vadakoot Gopalan Suresh, directing him to pursue remedies within the framework of the Income Tax Act, 1961. The petitioner, aged 41,...
Prosecution not sustainable when Tax payable after Credit of prepaid Taxes less than Rs 3000: Madras HC [Read Order]
The Madras High Court recently observed that the prosecution is not sustainable when tax payable after credit of prepaid taxes is less than Rs 3000. The respondent, the Deputy Commissioner of...
![Prosecution not sustainable when Tax payable after Credit of prepaid Taxes less than Rs 3000: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Tax-payable-Prosecution-Sustainable-Prosecution-not-Sustainable-Credit-of-Prepaid-Taxes-Prepaid-Taxes-taxscan.jpg "Prosecution not sustainable when Tax payable after Credit of prepaid Taxes less than Rs 3000: Madras HC [Read Order]")
![Defect in Share Valuation under Income Tax Act: Delhi HC Remands for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Defect-in-Share-Valuation-Income-Tax-Act-Delhi-High-Court-Remands-Re-adjudication-taxscan.jpg "Defect in Share Valuation under Income Tax Act: Delhi HC Remands for Re-adjudication [Read Order]")
Delhi HC Set Aside Income Tax Transfer Orders Passed for Mere Administrative Convenience & Coordinated Investigation: Mandates Speaking Order with Proper Reasons & DIN [Read Order]
The High Court of Delhi has set aside two transfer orders passed under Section 127(2) of the Income Tax Act, 1961, emphasising the importance of issuing speaking orders with proper reasons and...
![Delhi HC Set Aside Income Tax Transfer Orders Passed for Mere Administrative Convenience & Coordinated Investigation: Mandates Speaking Order with Proper Reasons & DIN [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Delhi-HC-delhi-high-court-high-court-Income-Tax-Income-Tax-Transfer-Orders-Administrative-Convenience-Coordinated-Investigation-taxscan.jpg "Delhi HC Set Aside Income Tax Transfer Orders Passed for Mere Administrative Convenience & Coordinated Investigation: Mandates Speaking Order with Proper Reasons & DIN [Read Order]")
Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]
The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami property to the company itself. The ruling came in...
![Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-of-Shares-in-company-Liquidation-Benami-Property-Ownership-Benami-Property-Civil-Appeal-condones-delay-Supreme-Court-taxscan.webp "Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]")