Income Tax Department Conducts Search and Survey Operations on Luxury Real Estate Developers Viannar & Ipsarva Group
On June 12, 2023, two of the top luxury real estate developers, M/s Vianaar Group and M/s Isprava Group, were the target of a thorough search and...
![ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-ITAT-upholds-Assessment-Assessment-Income-Tax-Act-Income-Tax-Special-Audit-conduct-Special-Audit-Income-Tax-Act-based-on-Special-Audit-conduct-taxscan.jpg "ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]")
![Income Tax Portal Update: Form 10A filing for Regular Registration/Approval for A.Y. 2022-23 is Available Now [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Portal-Update-Form-10A-filing-for-regular-registration-available-now.jpg "Income Tax Portal Update: Form 10A filing for Regular Registration/Approval for A.Y. 2022-23 is Available Now [Read Notification]")
CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]
The Central Board of Direct Taxes (CBDT) revised the exemptions to monetary limits for filing appeals under Section 158AB of the Income Tax Act, 1961. The notification clarifies that in cases were...
![CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-Revises-Exemptions-to-Monetary-Limits-for-Filing-Appeals-CBDT-Monetary-Limits-Filing-Appeals-Appeals-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]")
ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the penalty under Sections 271(1)(b) and 272A(1)(b) of the Income Tax Act due to improper procedure in issuance of...
![ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Improper-Procedure-Issuance-of-Income-Tax-Notice-Income-Tax-Notice-Income-Tax-Notice-Tax-Notice-taxscan-1.jpg "ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]")
Mere Furnishing of Income Tax Returns and Bank Statements without any Explanation for Deposits not Meet Requirements of S. 68: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that mere furnishing of income Tax returns and bank statements without giving any explanation for deposits would not meet the...
![Mere Furnishing of Income Tax Returns and Bank Statements without any Explanation for Deposits not Meet Requirements of S. 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Furnishing-of-Income-Tax-Returns-Income-Tax-Returns-Income-Tax-Bank-Statements-Deposits-ITAT-Taxscan.jpg "Mere Furnishing of Income Tax Returns and Bank Statements without any Explanation for Deposits not Meet Requirements of S. 68: ITAT [Read Order]")
No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty under Section 271AAA of the Income Tax Act, 1961 shall not be attracted on the income surrendered by the assessee if the...
![No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-No-Penalty-Surrendered-Income-Surrendered-Income-without-Statement-recorded-under-Income-Tax-Act-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan.jpg "No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]")
