![Madhya Pradesh High Court allows Custody of Undisclosed Looted Property to Income Tax Department from Police [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Madhya-Pradesh-High-Court-Custody-Looted-Property-Undisclosed-Looted-Property-Income-Tax-Department-Police-Income-tax-Taxscan.jpeg "Madhya Pradesh High Court allows Custody of Undisclosed Looted Property to Income Tax Department from Police [Read Order]")
Madhya Pradesh High Court allows Custody of Undisclosed Looted Property to Income Tax Department from Police [Read Order]
The Madhya Pradesh High Court, Gwalior Bench has recently allowed the income tax department to take custody of recovered stolen cash to the tune of...
![Bonafide Mistakes during Initial Year of Income Tax E-Assessment can be Ignored: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Bonafide-Mistakes-Initial-Year-Income-Tax-E-Assessment-Income-Tax-E-Assessment-ITAT-Income-Tax-Penalty-Taxscan.jpg "Bonafide Mistakes during Initial Year of Income Tax E-Assessment can be Ignored: ITAT deletes Income Tax Penalty [Read Order]")
![Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Department-Annual-Information-Statement-AIS-handbook-handbook-income-tax-Taxscan.jpg "Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]")
![Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bonafide-Deduction-Claim-Income-Tax-Penalty-ITAT-Taxscan.jpg "Bonafide Deduction Claim does not attract Income Tax Penalty: ITAT [Read Order]")
![Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Date-of-Possession-Capital-Gain-Exemption-capital-gain-Exemption-ITAT-Taxscan.jpg "Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]")
CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai has held that section 251(1) (a) of the Income Tax Act, 1961 does not provide power to the CIT(A) for setting aside the matter to the file of the...
![CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CIT-A-251-1A-AO-ITAT-Taxscan.jpeg "CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]")
![Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Jurisdiction-Highly-Debatable-Issues-Debatable-Issues-ITAT-Jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]")
High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]
The Delhi High Court has held that the High Court, while entertaining an appeal under Section 260A of the Income Tax Act, 1961 cannot interfere with the finding of fact if it involves re-appreciation...
![High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Court-ITAT-Appellate-Jurisdiction-Delhi-High-Court-taxscan.jpg "High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]")
Delhi HC quashes Re-Assessment Notice for want of Rational Nexus/Reason to Believe for Escapement of Income [Read Order]
The Delhi High Court has recently quashed a re-assessment notice as there was no rational nexus or reason to believe for the escapement of income under the provisions of the Income Tax Act, 1961. ...
![Delhi HC quashes Re-Assessment Notice for want of Rational Nexus/Reason to Believe for Escapement of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Delhi-High-Court-Re-Assessment-Notice-Rational-Nexus-Escapement-Income-Taxscan.jpeg "Delhi HC quashes Re-Assessment Notice for want of Rational Nexus/Reason to Believe for Escapement of Income [Read Order]")
![ITAT deletes Penalty since AO issued Notice without specifying Charge [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Penalty-Assessing-Officer-AO-Notice-Charge-Taxscan.jpg "ITAT deletes Penalty since AO issued Notice without specifying Charge [Read Order]")
![ITAT quashes Revisional Order since Income Tax Notice was issued against Dead Person [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Revisional-Order-Income-Tax-Notice-Income-Tax-Dead-Person-Taxscan.jpeg "ITAT quashes Revisional Order since Income Tax Notice was issued against Dead Person [Read Order]")
![Royalty received by Developer would constitute Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Royalty-Developer-Business-Income-ITAT-Income-Taxscan.jpg "Royalty received by Developer would constitute Business Income: ITAT [Read Order]")