![No Penalty under Income Tax Act in Absence of Concealment of Income: Delhi HC upholds Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Penalty-under-Income-Tax-Act-Penalty-Absence-of-Concealment-of-Income-Delhi-Highcourt-Order-of-ITAT-taxscan.jpg "No Penalty under Income Tax Act in Absence of Concealment of Income: Delhi HC upholds Order of ITAT [Read Order]")
No Penalty under Income Tax Act in Absence of Concealment of Income: Delhi HC upholds Order of ITAT [Read Order]
The Delhi High Court ruled that no penalty under the Income Tax Act, 1961 in the absence of concealment of Income and upheld the order of the Income...
![Addition on Undisclosed Income under the Income Tax Act cannot be made based on mere voluntary Disclosure: Madras HC Dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-on-Undisclosed-Income-Income-Tax-Act-Income-tax-Madras-High-Court-Dismisses-Income-Tax-Appeal-voluntary-Disclosure-Income-Tax-Appeal-TAXSCAN-1.jpg "Addition on Undisclosed Income under the Income Tax Act cannot be made based on mere voluntary Disclosure: Madras HC Dismisses Income Tax Appeal [Read Order]")
![Direction to deposit amount for disposing Pending Assessment Proceedings Under Income Tax Act: Kerala HC dismisses Appeal as Modification order Already passed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Direction-to-deposit-disposing-Pending-Assessment-Income-Tax-Act-Kerala-High-Court-Income-tax-TAXSCAN.jpg "Direction to deposit amount for disposing Pending Assessment Proceedings Under Income Tax Act: Kerala HC dismisses Appeal as Modification order Already passed [Read Order]")
![Remand of Issue to AO for Re-adjudication by PCIT without Determining Profit Declared by Assessee is Erroneous: ITAT sets aside Revision Order u/s 263 of Income Tax Act [Supreme Court]](https://www.taxscan.in/wp-content/uploads/2023/10/Remand-of-Issue-to-AO-for-Re-adjudication-PCIT-Determining-Profit-Declared-by-Assessee-Erroneous-ITAT-Income-tax-Income-tax-act-Revision-Order-under-section-263-of-income-tax-act-TAXSCAN.jpg "Remand of Issue to AO for Re-adjudication by PCIT without Determining Profit Declared by Assessee is Erroneous: ITAT sets aside Revision Order u/s 263 of Income Tax Act [Supreme Court]")
AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]
In a recent decision the Delhi High Court observed that the Assessing Officer has to form an opinion before recording disallowance under Section 40A(2)(a) of the Income Tax Act, 1961. For the...
![AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Delhi-high-court-Income-Tax-Act-Income-tax-Assessing-Officer-AO-has-to-form-Opinion-before-Recording-Disallowance-Under-section-40A2a.jpg "AO has to form Opinion before Recording Disallowance u/s 40A(2)(a) of Income Tax Act: Delhi HC [Read Order]")
Supreme Court allows 80P Deduction Benefit under Income Tax Act to Kerala State Cooperative Agricultural and Rural Development Bank [Read Judgement]
In a landmark ruling, the Supreme Court bench, composed of Justice B.V. Nagarathna and Justice Ujjal Bhuyan, has granted the Kerala State Cooperative Agricultural and Rural Development Bank (KSCARDB)...
![Supreme Court allows 80P Deduction Benefit under Income Tax Act to Kerala State Cooperative Agricultural and Rural Development Bank [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Supreme-Court-Deduction-Benefit-under-Income-Tax-Act-Income-Tax-Deduction-Benefit-Deduction-Kerala-State-Cooperative-Agricultural-and-Rural-Devt-Bank-taxscan.jpg "Supreme Court allows 80P Deduction Benefit under Income Tax Act to Kerala State Cooperative Agricultural and Rural Development Bank [Read Judgement]")
Expenses Incurred Solely for Indian business do not fall u/s 44C of Income Tax Act on Deduction of Head Office Expenses for Non-Residents: Delhi HC [Read Order]
The Delhi High Court recently ruled that the expenses incurred solely for Indian business do not fall under Section 44C of the Income Tax Act, 1961 on deduction of head office expenses for...
![Expenses Incurred Solely for Indian business do not fall u/s 44C of Income Tax Act on Deduction of Head Office Expenses for Non-Residents: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Expenses-Incurred-Solely-for-Indian-business-Income-Tax-Act-Deduction-Expenses-Indian-business-Head-Office-Expenses-for-Non-Residents-Delhi-HC-taxscan.jpg "Expenses Incurred Solely for Indian business do not fall u/s 44C of Income Tax Act on Deduction of Head Office Expenses for Non-Residents: Delhi HC [Read Order]")
![Income Tax illegally levied must be Refunded: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-illegally-refunded-Income-Tax-Bombay-High-Court-taxscan.jpg "Income Tax illegally levied must be Refunded: Bombay High Court [Read Order]")
Income Tax Dept clarifies Issuance of Notice for Schedule 80P Deduction to Partnership Firms and LLPs not Claimed is Inadvertent Error
The Income Tax Department has provided clarification on the issuance of notices for the 80P Deduction to Partnership firms and Limited Liability Partnerships (LLPs) who have not yet made a claim for...
