Income Tax Act
![Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advance-Tax-Tax-Income-Tax-act-Income-Tax-Income-TDS-ITAT-Taxscan.jpg "Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]")
Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) recently held that advance tax under section 234B of income Tax act 1961 is not applicable when entire...
![Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Refund-Self-Assessed-Tax-us-244A1-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]")
![Credit of Dutch Tax Paid Allowable u/s 90 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Dutch-Tax-Tax-Credit-Income-Tax-Act-Income-Tax-taxscan.jpg "Credit of Dutch Tax Paid Allowable u/s 90 of Income Tax Act: ITAT [Read Order]")
![Use of Notice Proforma of Levy Penalty u/s 271AAB without Mentioning Charge is Defective and Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Use-of-Notice-Proforma-Levy-Penalty-u-s-271AAB-Charge-is-Defective-and-Invalid-ITAT-Taxscan.jpg "Use of Notice Proforma of Levy Penalty u/s 271AAB without Mentioning Charge is Defective and Invalid: ITAT [Read Order]")
![Section 43B of Income Tax Act Not applicable to Service Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Income-Tax-service-Tax-Service-Tax-Liability-ITAT-Income-Tax-Taxscan.jpg "Section 43B of Income Tax Act Not applicable to Service Tax Liability: ITAT [Read Order]")
Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate tribunal has held that the appellate authorities under Income Tax Act have jurisdiction to entertain the additional claim raised by the assessee. The...
![Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Authorities-Income-Tax-Act-Additional-Claim-ITAT-TAXSCAN.jpg "Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]")
Builder’s Fault might cost you Additional Capital Gains Tax Liability u/s 54 IT Act: Here’s What You Need to Know
Section 54 of the Income Tax Act allows for an exemption on long-term capital gains tax for individuals and HUF (Hindu Undivided Family) if the proceeds from the sale of a long-term capital asset,...
Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT) Kolkata Bench ruled that the housing loan and interest paid for construction of the rented house is eligible for Deduction under the section 2(24)(b) of Income...
![Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Housing-Loan-Interest-Rented-House-Construction-of-Rented-House-Deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Housing Loan and Interest Paid thereon for Construction of Rented House Eligible for Deduction u/s 2(24)(b) of Income Tax Act: ITAT [Read Order]")
Purchase of Own Share under Buy-Back Scheme would not attract 56(2)(viia) of Income Tax Act: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), ruled that purchase of Own Share under Buy-Back Scheme would not attract 56(2)(viia) of Income Tax Act, 1961. The assessee in the present...
![Purchase of Own Share under Buy-Back Scheme would not attract 56(2)(viia) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Purchase-of-Own-Share-Buy-Back-Scheme-Income-Tax-Income-Tax-Act-ITAT-taxscan.jpg "Purchase of Own Share under Buy-Back Scheme would not attract 56(2)(viia) of Income Tax Act: ITAT [Read Order]")
Second notice issued u/s 148 of Income Tax Act without disposing return filed to first notice is not valid: Calcutta HC [Read Order]
The Calcutta High Court(HC)held that the second notice issued u/s 148 of the Income Tax Act without disposing return filed to the first notice is not valid. Messrs. Elite Pharmaceuticals, the...
![Second notice issued u/s 148 of Income Tax Act without disposing return filed to first notice is not valid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-notice-Income-tax-return-Income-tax-Calcutta-Highcourt-taxscan.jpg "Second notice issued u/s 148 of Income Tax Act without disposing return filed to first notice is not valid: Calcutta HC [Read Order]")
Court’s Interference in Each and Every Case would Defeat the Purpose of S. 148A(d) of Income Tax Act: Calcutta HC [Read Order]
The Calcutta High Court in a recent ruling while dismissing the writ petition filed by the assessee held that the court’s interference in each and every case would defeat the purpose of Section...
![Court’s Interference in Each and Every Case would Defeat the Purpose of S. 148A(d) of Income Tax Act: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Courts-Interference-Income-Tax-Act-Income-Tax-Calcutta-Highcourt-taxscan.jpg "Court’s Interference in Each and Every Case would Defeat the Purpose of S. 148A(d) of Income Tax Act: Calcutta HC [Read Order]")
Order u/s 148A(D) of Income Tax Act Is Not a Final Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]
In a recent ruling the Calcutta High Court has dismissed the writ petition holding that the writ jurisdiction could not be invoked as the order under Section 148A(D) of the Income Tax Act 1961 was...
![Order u/s 148A(D) of Income Tax Act Is Not a Final Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Income-Tax-Assessment-Order-Calcutta-Highcourt-Writ-Petition-taxscan.jpg "Order u/s 148A(D) of Income Tax Act Is Not a Final Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]")