Read all Latest Updates on and about Income Tax Act 1961

Begin typing your search above and press return to search.

Home
»
Income Tax Act 1961

Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]

The ITAT, Delhi bench has held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 cannot be invoked in case of highly...

High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate...

Delhi HC quashes Re-Assessment Notice for want of Rational Nexus/Reason to Believe for Escapement of...

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]

Royalty received by Developer would constitute Business Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the receipt of royalty by the real estate developer was rightly declared as business income under the provisions of the Income...

Revisional Order does not specify reason Why Assessment Order allowing 15% Exemption for Income from Govt Grants is Erroneous: ITAT Quashes Order [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while quashing an order passed under section 263 of the Income Tax Act, 1961 has held that the order has not stated any specific...

Inspection & Examination of Goods before Shipment cannot be treated as ‘Technical & Managerial Services’: ITAT deletes Addition [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the activity of inspection and examination of goods before shipment cannot be treated as technical and managerial services under...

Relief to Nokia: Delhi High Court directs Disposal of Rectification Application of Refund worth Rs. 58 Cr within Six Weeks [Read Order]

In a Relief to Nokia India Private Limited, the Delhi High Court has directed the Disposal of Rectification Application of Refund worth Rs. 58 Crores within Six Weeks. The Nokia has been filed...

Relief to Aishwarya Rai Bachchan: Revisional Jurisdiction cannot be invoked on ground of an Invalid Re-Assessment by AO, says ITAT [Read Order]

In a Relief to Aishwarya Rai Bachchan, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Commissioner of Income Tax cannot invoke his revisional jurisdiction under...

Period of Tax Appeal filed before an Authority without Jurisdiction shall be excluded from Limitation Period: Delhi HC upholds Validity of Revision Petition [Read Order]

A two-judge bench of the Delhi High Court, while upholding the validity of a revision petition, held that the time spent in prosecuting a tax appeal before an authority devoid of jurisdiction shall...

Vivad Se Vishwas Act: CBDT Clarifications cannot impose a Cut-Off Date for Its Applicability, says Rajasthan HC [Read Order]

The Rajasthan High Court has held that a clarification issued by the Central Board of Direct Taxes (CBDT), being declaratory in nature, cannot introduce a cut off date for its applicability. A...

Prev Page Next Page