AO Fails to Open and Examine Seized Materials: Orissa HC against Appraisal Report
The assessment order of the Assessing Officer (AO) was overturned by the Orissa High Court (HC), which was presided over by a bench that included...
![Usurping Jurisdiction Not a Mere Technical Defect Curable u/s 292B of Income Tax Act: ITAT Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Usurping-Jurisdiction-Mere-Technical-Defect-Curable-us-292B-Income-Tax-Act-ITAT-Re-Assessment-Taxscan.jpg "Usurping Jurisdiction Not a Mere Technical Defect Curable u/s 292B of Income Tax Act: ITAT Quashes Re-Assessment [Read Order]")
![ITAT grants Partial Tax Relief to Adani Power Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Partial-Tax-Relief-Adani-Power-Ltd-Taxscan.jpg "ITAT grants Partial Tax Relief to Adani Power Ltd [Read Order]")
![Capital Gain Exemption u/s 54F Allowable to Purchase of Undivided Share of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-Purchase-of-Undivided-Share-of-Land-ITAT-Taxscan.jpg "Capital Gain Exemption u/s 54F Allowable to Purchase of Undivided Share of Land: ITAT [Read Order]")
![Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessee-Explain-Cash-found-during-Search-ITAT-Addition-Taxscan.jpg "Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]")
Defect of Issue of S. 143(2) Notice Prior to Conclusion of Re-Assessment Proceedings Not Curable Invoking S. 292BB: ITAT [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) has recently held that the defect of issue of section 143(2) notice prior to conclusion of reassessment proceedings is not curable for invoking section...
![Defect of Issue of S. 143(2) Notice Prior to Conclusion of Re-Assessment Proceedings Not Curable Invoking S. 292BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Defect-of-Issue-of-S.-1432-Notice-Re-Assessment-Proceedings-S.-292BB-ITAT-Taxscan.jpg "Defect of Issue of S. 143(2) Notice Prior to Conclusion of Re-Assessment Proceedings Not Curable Invoking S. 292BB: ITAT [Read Order]")
Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]
TheChennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under section 54 of Income Tax Act 1961 should not be allowed in respect of two independent...
![Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-us-54-Not-Allowable-Two-Independent-Residential-Units-ITAT-Taxscan.jpg "Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]")
Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) recently, while deleting the penalty imposed by the assessing officer, held that share application money received in cash by the company did not attract...
![Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Share-Application-Money-cash-Provisions-of-S.-269SS-Income-Tax-Act-ITAT-Penalty-taxscan.jpg "Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
![Alternative Remedy Not a Bar to Challenge Re-Opening of Assessment: Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Alternative-Remedy-Assessment-Madhya-Pradesh-High-Court-Taxscan.jpg "Alternative Remedy Not a Bar to Challenge Re-Opening of Assessment: Madhya Pradesh HC [Read Order]")