![CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-notifies-Income-Tax-Exemption-CBDT-Income-Tax-Exemption-Punjab-Building-and-Construction-Welfare-Board-DMF-Trust-taxscan.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]")
CBDT notifies Income Tax Exemption u/s 10(46) for Punjab Building and Other Construction Welfare Board and DMF Trust [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notifications number S.O. 3777(E) and S.O. 3776(E) issued on 23rd August 2023 has notified the income...
![CBDT notifies Extension of Safe Harbour Rule u/s 92CB of Income Tax Act for Acceptance of Transfer Pricing Declared by Assessee [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/08/CBDT-notifies-Extension-of-Safe-Harbour-Rule-Income-Tax-Act-Income-Tax-Extension-of-Safe-Harbour-Rule-Transfer-Pricing-Declared-by-Assessee-taxscan.jpg "CBDT notifies Extension of Safe Harbour Rule u/s 92CB of Income Tax Act for Acceptance of Transfer Pricing Declared by Assessee [Read Notification]")
![The assessment order passed is not Legal as Approval u/s 153D was Given Mechanically: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/assessment-order-passed-is-not-Legal-Delhi-High-Court-assessment-order-taxscan.jpg "The assessment order passed is not Legal as Approval u/s 153D was Given Mechanically: Delhi HC [Read Order]")
![Delhi HC sets aside Order Passed u/s 148A(d) without Granting Opportunity to Personal Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delhi-High-Court-Delhi-HC-sets-aside-Order-Passed-Granting-Opportunity-Granting-Opportunity-to-Personal-Hearing-Personal-Hearing-taxscan.jpg "Delhi HC sets aside Order Passed u/s 148A(d) without Granting Opportunity to Personal Hearing [Read Order]")
Enquiry u/s 148A(d) is only to Extent of (Un) Availability of Information Showing Income Escapement: Allahabad HC [Read Order]
In a significant case, the Allahabad High Court has held that enquiry under section 148A(d) of the Income Tax Act, 1961 applies only to the extent of (un) availability of information showing income...
![Enquiry u/s 148A(d) is only to Extent of (Un) Availability of Information Showing Income Escapement: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Allahabad-HC-directs-Lucknow-GST-Commissionerate-not-to-Harass-Practicing-Advocates-to-Pay-Service-Tax-GST-TAXSCAN.jpg "Enquiry u/s 148A(d) is only to Extent of (Un) Availability of Information Showing Income Escapement: Allahabad HC [Read Order]")
Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) directed the assessing officer to re-adjudicate the rejection of the claim for deduction of loss on sale of shares due to invalid filing of...
![Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-for-Deduction-of-Loss-on-Sale-of-Shares-Invalid-Filing-of-Revised-ROI-Claim-for-Deduction-Loss-on-Sale-of-Shares-ITAT-Direct-Re-adjudication-taxscan.jpg "Claim for Deduction of Loss on Sale of Shares Denied on ground of Invalid Filing of Revised ROI: ITAT Directs Re-adjudication [Read Order]")
Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 F Income Tax Act, 1961 should not be denied by reason of sale amount not...
![Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Income-Tax-Act-Sale-Amount-Sale-Amount-is-not-deposited-in-Capital-Gain-Account-deposited-Capital-Gain-Account-Capital-Gain-ITAT-Taxscan.jpg "Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]")
ITAT quashes disallowance of Payment made to Subcontractors Workers on basis of Admissions or Confessions made during Survey Proceedings [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has quashed disallowance of payment made to subcontractors workers on basis of admissions or confessions made during survey proceedings . The...
![ITAT quashes disallowance of Payment made to Subcontractors Workers on basis of Admissions or Confessions made during Survey Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-disallowance-Payment-Subcontractors-Workers-Admissions-or-Confessions-during-Survey-Proceedings-TAXSCAN.jpg "ITAT quashes disallowance of Payment made to Subcontractors Workers on basis of Admissions or Confessions made during Survey Proceedings [Read Order]")
Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]
The Delhi High court recently directed the Assessing Officer (AO) to provide information to vodafone Mauritius regarding validity of Tax Residency Certificate (TRC). The writ petition is filed by...
![Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Validity-of-TRC-TRC-Delhi-High-Court-AO-Assessing-Officer-Information-to-Vodafone-Mauritius-Vodafone-Mauritius-Delhi-High-Court-direct-AO-Taxscan.jpg "Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]")
Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the additions made under Section 56(2)(vii)(b) of the Income Tax Act 1961 holding that the stamp value was less than the agreement...
![Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stampvalue-agreement-value-ITAT-Deletes-Addition-ITAT-TAXSCAN.jpg "Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]")
![Claim of Insurance on Account of Loss by Fire cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-Insurance-on-Account-Claim-Claim-of-Insurance-Account-of-Loss-ITAT-Taxscan.jpg "Claim of Insurance on Account of Loss by Fire cannot be Disallowed: ITAT [Read Order]")