![Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says There is No Supposition That Everybody is the Custodian of Law [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessee-Assessment-Order-ITAT-Delay-of-41-Months-Custodian-of-Law-Taxscan.jpg "Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says There is No Supposition That Everybody is the Custodian of Law [Read Order]")
Assessee couldn’t Realize the Effect of Assessment Order: ITAT condones Delay of 41 Months, says 'There is No Supposition That Everybody is the Custodian of Law' [Read Order]
The ITAT, Mumbai bench has condoned a delay of 41 months and held that the fact that the assessee could not realize the effect of assessment order...
![Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Amalgamation-Income-Tax-Proceedings-Supreme-Court.jpeg "Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]")
![Relief to American Express India: Delhi HC directs Income Tax Dept to allow Refund of Rs.45.60 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Relief-American-Express-India-Delhi-High-Court-income-tax-department-Refund-Taxscan.jpg "Relief to American Express India: Delhi HC directs Income Tax Dept to allow Refund of Rs.45.60 Crore [Read Order]")
![Collection of Service Charges from Donors by INDIA HIV AIDS ALLIANCE cannot be ground to deny Tax Exemption: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Service-Charges-Donors-INDIA-HIV-AIDS-ALLIANCE-Tax-Exemption-Delhi-HC-taxscan.jpeg "Collection of Service Charges from Donors by INDIA HIV AIDS ALLIANCE cannot be ground to deny Tax Exemption: Delhi HC [Read Order]")
![Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-Officer-Record-Reason-notice-u-s-148-quashes-notice-Chhattisgarh-high-court-Taxscan.jpeg "Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]")
![Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-not-allowable-Non-Compete-Fee-ITAT-taxscan.jpg "Depreciation not allowable on Non-Compete Fee: ITAT [Read Order]")
Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench has held that the amount spent on consumable items including sofa, tiles, etc., cannot be claimed as cost of improvement while calculating the amount...
![Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Amount-spent-Consumable-Items-Capital-Gain-Cost-of-Improvement-ITAT-Taxscan.jpg "Amount spent on Consumable Items cannot be claimed as Cost of Improvement while computing Capital Gain: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai bench, while granting relief to M/s Reliance Payment Solutions Pvt Ltd, held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961...
![Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Assessment-Order-Reasons-ITAT-Assessment-jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked merely because Assessment Order was without Reasons: ITAT [Read Order]")
![CBDT extends Due Date of filing Form 10AB for Trusts and Institutions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-filing-form-10AB-Trusts-and-Institutions.jpeg "CBDT extends Due Date of filing Form 10AB for Trusts and Institutions [Read Order]")
Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has held that trust is deemed to be registered u/s 12AA in the absence of refusal of registration within 6 months. The Appellant, a...
![Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Trust-Registered-U-S-12AA-Refusal-of-Registration-registration-6-months-ITAT-Taxscan.jpg "Trust is Deemed to be Registered U/S 12AA in the Absence of Refusal of Registration within 6 months: ITAT [Read Order]")
Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]
The Delhi bench of the ITAT has quashed a penalty order whereby the income tax authorities imposed a penalty under section 271D of the Income Tax Act, 1961 as the order was based on loose papers and...
![Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Penalty-income-tax-Penalty-Cash-Loan-Loose-Papers-ITAT-quashes-Order-Deceased-Assessee-Authenticity-Transaction-Taxscan.jpg "Income Tax Penalty on alleged Cash Loan based on Loose Papers: ITAT quashes Order against Deceased Assessee since Authenticity of Transaction can’t be Vouched [Read Order]")