Reconsidering Decision rendered in Earlier Regular Assessment amount to “Change of Opinion”: Bombay HC Quashes Re-Assessment [Read Order]
In a significant case the Bombay High Court bench of Justice Dhiraj Singh Thakur and Valmiki Sa Menezes, Observed that reconsidering decisions...
![Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Mere-Change-of-Opinion-Jurisdiction-Re-Open-Assessment-Bombay-HC-Taxscan.jpg "Mere Change of Opinion does not provide Jurisdiction to Re-Open Assessment: Bombay HC [Read Order]")
![Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Eligibility-us-80P-Buildings-Godowns-Co-operative-Society-ITAT-Re-Adjudication-Taxscan.jpg "Eligibility u/s 80P in respect of Buildings/Godowns Used by Co-operative Society: ITAT directs Re-Adjudication [Read Order]")
![Non-Response to Notice due to Negligence of Chartered Accountant/ Income Tax Practitioner: Madras HC directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Response-to-Notice-Negligence-of-Chartered-Accountant-Income-Tax-Practitioner-Madras-HC-Re-Adjudication-Taxscan.jpg "Non-Response to Notice due to Negligence of Chartered Accountant/ Income Tax Practitioner: Madras HC directs Re-Adjudication [Read Order]")
![Purchase of Property within Specified Period of One year before Sale of Capital Asset Allowable as Capital Gain exemption u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Purchase-of-Property-Specified-Period-of-One-year-before-Sale-of-Capital-Asset-Capital-Gain-exemption-ITAT-Taxscan.jpg "Purchase of Property within Specified Period of One year before Sale of Capital Asset Allowable as Capital Gain exemption u/s 54F: ITAT [Read Order]")
Advance given to Protect Business Interest of Assessee-Company does not Attract Provisions of Deemed Dividend u/s 2(22)(e): ITAT [Read Order]
The Delhi bench of Income Tax Appellate Authority (ITAT) recently held that advance given to protect business interest of assessee –company did not attract provisions of deemed dividend under section...
![Advance given to Protect Business Interest of Assessee-Company does not Attract Provisions of Deemed Dividend u/s 2(22)(e): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Advance-Protect-Business-Interest-of-Assessee-Company-Attract-Provisions-of-Deemed-Dividend-ITAT-Taxscan.jpg "Advance given to Protect Business Interest of Assessee-Company does not Attract Provisions of Deemed Dividend u/s 2(22)(e): ITAT [Read Order]")
Sale Deed does not Mention Shares held by Co-Owners: ITAT upholds Equal Income Tax Liability on Rental Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that if the sale deed does not mention the share held by co- owners, there would be equal...
![Sale Deed does not Mention Shares held by Co-Owners: ITAT upholds Equal Income Tax Liability on Rental Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sale-Deed-Shares-held-by-Co-Owners-ITAT-Equal-Income-Tax-Liability-Rental-Income-Taxscan.jpg "Sale Deed does not Mention Shares held by Co-Owners: ITAT upholds Equal Income Tax Liability on Rental Income [Read Order]")
Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) reduced the penalty under section 114AA of the Income Tax Act, 1961 to Rs. 2 Lakh for the negligence...
![Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Fraudulent-Export-Fraudulent-Export-CHA-CESTAT-Penalty-Customs-Excise-Service-Tax-Taxscan.jpg "Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]")
Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deeming provision cannot be applied mechanically, ignoring the facts of the case and...
![Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deeming-Provision-Ignoring-Facts-Facts-Case-Surrounding-Circumstances-Circumstances-ITAT-Taxscan.jpg "Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]")
![Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Overloading-Charges-paid-Motor-Vehicles-Act-Compensatory-in-Nature-ITAT-Taxscan.jpg "Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]")
