![Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/late-fee-under-section-234E-Prospective-Effect-machinery-provision-section-200A-ITAT-Taxscan.jpg "Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]")
Late Fee u/s 234E has Prospective Effect, cannot be levied without machinery provision of sec. 200A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the imposition of late fee under section 234E of the Income Tax Act, 1961 has...
![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]")
![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]
In a significant ruling, the Delhi High Court has held that the collection of service charges from the donors by India HIV AIDS Alliance cannot be treated as a reason to deny the exemption under...
![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]
The High Court of Chhattisgarh has held that Assessing Officer failed to record the reason for issue of notice u/s 148 and quashes notice. The petitioner, Hariom Ingots and Power Pvt. Ltd. is a...
![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]")
