![Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reassessment-Notice-Kerala-HC-Income-Tax-Reassessment-taxscan.jpg "Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order]")
Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order]
The High Court (HC) of Kerala has held that the reassessment notice issued without following Provision u/s 148A of the Income Tax Act,1961 is not...
![No Occasion required for Gift under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gift-Income-Tax-Law-Income-Tax-ITAT-Gift-from-NRI-Brother-taxscan.jpg "No Occasion required for Gift under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]")
![Late Filing of Returns during Re-Assessment Only to Frustrate Time Limit: Bombay HC Upholds Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Late-Filing-of-Returns-Re-Assessment-Frustrate-Time-Limit-Bombay-HC-taxscanProceedings.jpg "Late Filing of Returns during Re-Assessment Only to Frustrate Time Limit: Bombay HC Upholds Proceedings [Read Order]")
![Income Tax Addition u/s 68 not permissible in the absence of any Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-u-s-68-absence-of-any-Books-of-Account-ITAT-Books-of-Account.jpg "Income Tax Addition u/s 68 not permissible in the absence of any Books of Account: ITAT [Read Order]")
Delhi HC transfers matter to Higher Bench to decide admissibility of Writ Petition when jurisdictional AO was located outside NCT of Delhi
A Division Bench of the Delhi High Court transferred matter to Higher Bench to decide admissibility of writ petition when jurisdictional Assessing Officer (AO) was located outside National Capital...
Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that since there was no legal prohibition in dealing with the demonetized notes till 31st December 2022, the cash deposit of...
![Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-Deposit-of-Demonetized-Notes-Cash-Deposit-Demonetized-Notes-ITAT-taxscan-taxnews.jpg "Cash Deposit of Demonetized Notes Not Legally Prohibited till 31st December 2016: ITAT Deletes Addition [Read Order]")
AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) deleted proceedings against Serum Institute of India by upholding the order of CIT(A) which deletes the disallowance as the AO failed to...
![AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/AO-ITAT-Serum-Institute-of-India-taxscan.jpg "AO failed to record the satisfaction envisaged u/s 14A(2): ITAT deletes proceedings against Serum Institute of India [Read Order]")
![No Error in Deduction of Interest on Loan: ITAT quashes Revision Order passed by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/deduction-of-interest-on-loan-ITAT-Revision-Order-PCIT-taxscan-interest-on-loan.jpg "No Error in Deduction of Interest on Loan: ITAT quashes Revision Order passed by PCIT [Read Order]")
Non-Response to Re-Assessment Notice will not Attract Penalty under Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the non-response to the re-assessment notice under the Income Tax Act, 1961 will not attract penalty under section 271(1)(b) of the...
![Non-Response to Re-Assessment Notice will not Attract Penalty under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Non-Response-to-Re-Assessment-Notice-Re-Assessment-Noticenot-Penalty-Income-Tax-Act-ITAT-taxscan.jpg "Non-Response to Re-Assessment Notice will not Attract Penalty under Income Tax Act: ITAT [Read Order]")
Sale Proceeds of Car Parking Spaces being an Integral Part of Housing Project eligible for Income Tax Deduction: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the sales proceeds of car parking spaces being an integral part of the housing project shall be eligible for income tax...
![Sale Proceeds of Car Parking Spaces being an Integral Part of Housing Project eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Sale-Proceeds-Car-Parking-Spaces-Housing-Project-Income-Tax-Deduction-ITAT-taxscan.jpg "Sale Proceeds of Car Parking Spaces being an Integral Part of Housing Project eligible for Income Tax Deduction: ITAT [Read Order]")