![No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-17-at-12.24.01-PM.jpeg "No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]")
No TDS Deduction by Insurance Companies on Interest on Compensation to Claimant prior to 1st June 2015: Punjab & Haryana HC [Read Order]
In a major relief to those who are yet to receive long-pending insurance claims with interest, the Punjab and Haryana High Court has held that TDS...
![Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Undisclosed-Income-Typographical-Errors-ITAT-taxscan.jpeg "Addition for Undisclosed Income u/s 69A cannot be made merely on ground of Typographical Errors: ITAT [Read Order]")
![Income Tax Dept designates Officers for Faceless Assessment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Dept-Faceless-Assessment-taxscan.jpeg "Income Tax Dept designates Officers for Faceless Assessment [Read Notification]")
![CBDT notifies Re-designation of Income Tax Officials [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/CBDT-Re-designation-Income-Tax-Officials-Income-Tax-Taxscan.jpg "CBDT notifies Re-designation of Income Tax Officials [Read Notification]")
![Non-Compliance of Summons issued by Income Tax Authorities: ITAT upholds Levy of Rs. 10k as Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NonCompliance-Summons-Income-Tax-Authorities-ITAT-Penalty-Taxscan.jpeg "Non-Compliance of Summons issued by Income Tax Authorities: ITAT upholds Levy of Rs. 10k as Penalty [Read Order]")
Initiating Criminal Proceedings by suppressing the fact that Assessee paid Tax is Abuse of Power: Madras HC slams Income Tax Dept [Read Order]
The Madras High Court, while quashing criminal proceedings against the assessee, has held that the income tax department is misusing its power by initiating the proceedings after suppressing the fact...
![Initiating Criminal Proceedings by suppressing the fact that Assessee paid Tax is Abuse of Power: Madras HC slams Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Initiating-Criminal-Proceedings-suppressing-Assessee-paid-Tax-Abuse-of-Power-Madras-High-Court-Income-Tax-Department-Taxscan.jpeg "Initiating Criminal Proceedings by suppressing the fact that Assessee paid Tax is Abuse of Power: Madras HC slams Income Tax Dept [Read Order]")
CBDT notifies Introduction of Artificial Intelligence for Assessment Proceedings u/s 142 of Income Tax Act, 1961 [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Faceless Inquiry or Valuation Scheme, 2022 introducing artificial intelligence for the assessment proceedings under section 142 of the Income...
![CBDT notifies Introduction of Artificial Intelligence for Assessment Proceedings u/s 142 of Income Tax Act, 1961 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Introduction-Artificial-Intelligence-Assessment-under-section-142-Income-Tax-Act-income-tax-Taxscan.jpg "CBDT notifies Introduction of Artificial Intelligence for Assessment Proceedings u/s 142 of Income Tax Act, 1961 [Read Notification]")
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]")
CBDT introduces Artificial Intelligence in Re-Assessments: Notifies E-Assessment of Income Escaping Assessment Scheme, 2022 [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the e-Assessment of Income Escaping Assessment Scheme, 2022 whereby the technology of artificial intelligence shall be used for the reopening of...
![CBDT introduces Artificial Intelligence in Re-Assessments: Notifies E-Assessment of Income Escaping Assessment Scheme, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Artificial-Intelliegnce-Re-Assessments-E-Assessment-Income-Escaping-Assessment-2022-Taxscan.jpg "CBDT introduces Artificial Intelligence in Re-Assessments: Notifies E-Assessment of Income Escaping Assessment Scheme, 2022 [Read Notification]")
CBDT notifies Faceless Jurisdiction of Income Tax Authorities Scheme: Introduces Artificial Intelligence for Income Tax Assessments [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 whereby the Board is using automated allocation to conduct income tax...
![CBDT notifies Faceless Jurisdiction of Income Tax Authorities Scheme: Introduces Artificial Intelligence for Income Tax Assessments [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Faceless-Jurisdiction-Income-tax-Authorities-Scheme-Artificial-Intelligence-Income-Tax-Assessments-Taxscan.jpg "CBDT notifies Faceless Jurisdiction of Income Tax Authorities Scheme: Introduces Artificial Intelligence for Income Tax Assessments [Read Notification]")
Service Tax Demand cannot be based on Statement recorded u/s 132 of Income Tax Act: CESTAT [Read Order]
While quashing a service tax demand, the CESTAT, Ahmedabad bench has held that the demand cannot be solely on the basis of the statement recorded under section 132 of the Income Tax Act, 1961. The...
![Service Tax Demand cannot be based on Statement recorded u/s 132 of Income Tax Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Service-Tax-Demand-service-tax-Statement-Income-Tax-Act-section-132-CESTAT-Taxscan.jpg "Service Tax Demand cannot be based on Statement recorded u/s 132 of Income Tax Act: CESTAT [Read Order]")
Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]
The CESTAT, Kolkata bench, last week held that the figures shown to the income tax authorities cannot be used to determine the service tax liability. The appellants,M/s Luit Developers Private...
![Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Authorities-Service-Tax-Liability-CESTAT-taxscan.jpg "Figures Shown to Income Tax Authorities cannot be used to determine Service Tax Liability: CESTAT [Read Order]")