Tax Benefit Claim under Income Tax Act on Under-Construction Property: ITAT Directs to Calculate Benefit Based on Date of PossessionÂ
The Mumbai bench of the Income-tax Appellate Tribunal ( ITAT ) has held that in the case of an under-construction property, the date of possession...
![Co-ordinated Investigation to Avoid Tax Evasion is Good Ground For Transfer Case from ITO to DCIT: Delhi HC upholds Order u/s 127 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Co-ordinated-Investigation-Avoid-Tax-Evasion-Good-Ground-For-Transfer-Case-from-ITO-DCIT-Delhi-HC-us-127-of-Income-Tax-Act-TAXSCAN.jpg "Co-ordinated Investigation to Avoid Tax Evasion is Good Ground For Transfer Case from ITO to DCIT: Delhi HC upholds Order u/s 127 of Income Tax Act [Read Order]")
![Proceedings against deceased Unsustainable: Madras HC Sets Aside Order Citing Timely Intimation of Death to Income Tax Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-High-Court-Income-Tax-penalty-Income-Tax-Income-Tax-penalty-proceedings-taxscan.jpg "Proceedings against deceased Unsustainable: Madras HC Sets Aside Order Citing Timely Intimation of Death to Income Tax Officer [Read Order]")
Madras HC dismisses Writ Petition challenging Income Tax Assessment Order due to Alleged Unauthorised Bank Account Transactions [Read Order]
The Madras High Court dismissed the writ petition challenging the income tax assessment order due to alleged unauthorised bank account opening and transactions. The court stated that the fact...
![Madras HC dismisses Writ Petition challenging Income Tax Assessment Order due to Alleged Unauthorised Bank Account Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-tax-news-Unauthorised-bank-account-Income-tax-assessment-Article-226-taxscan.jpg "Madras HC dismisses Writ Petition challenging Income Tax Assessment Order due to Alleged Unauthorised Bank Account Transactions [Read Order]")
Issuance of Reassessment order against Housewife on Property being purchased by Husband is Invalid: Bombay HC [Read Order]
In a significant ruling, the Bombay High Court held that the issuance of reassessment order against housewife on property being purchased by husband is invalid. The petitioner, a housewife who had...
Assessment Order u/s 148 A(b) passed without affording Reasonable Opportunity To be Heard: Kerala HC Upheld Order Quashing Assessment Order [Read Order]
The Kerala High Court while dismissing the petition, upheld the order of a single judge quashing the Assessment order passed under section 148 A(b) of the Income Tax Act, 1961 without affording...
Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that even if the gross receipts of the assessee exceeds the threshold limit prescribed in the proviso under Section 2(15) of the...
![Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Charitable-institution-Tax-implications-for-charitable-organizations-Tax-treatment-of-charitable-institutions-Exemption-criteria-for-charitable-entities-Taxscan.jpg "Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]")
Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]
The Madras High Court quashed proceedings on escapement of income when there was document showing acknowledgement of Income Tax Officer ( ITO ) on filing reply to income tax notice. A notice under...
![Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Acknowledgment-of-ITO-ITO-Income-Tax-Notice-Madras-HC-Income-taxscan.jpg "Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]")
