Case Digest: TDS from Rent under Section 194-I of the Income Tax Act
Section 194-I of the Income Tax Act deals with TDS from rent. Under this Section any person not being an individual or a Hindu Undivided family who...
![Compensation from Builder in lieu of Consumer Court Order is Capital Receipt, No Income Tax: ITAT quashes Revision Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Compensation-Builder-in-lieu-Consumer-Court-Consumer-Court-Order-Capital-Receipt-Income-Tax-ITAT-Revision-Proceedings-Taxscan.jpg "Compensation from Builder in lieu of Consumer Court Order is Capital Receipt, No Income Tax: ITAT quashes Revision Proceedings [Read Order]")
![Notice u/s 148A(b) of Income Tax Act issued against Non-Existing Entity is not valid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notice-Income-Tax-Act-Income-Tax-Tax-Calcutta-High-Court-Taxscan.jpg "Notice u/s 148A(b) of Income Tax Act issued against Non-Existing Entity is not valid: Calcutta HC [Read Order]")
![Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Income-Tax-Act-Income-Tax-Books-of-Accounts-Audit-ITAT-Taxscan.jpg "Penalty u/s 271B of Income Tax Act cannot be Imposed for Not Getting Books of Accounts Audited for Violation of S. 44AB: ITAT [Read Order]")
![Notice Issued u/s 271(1)(c) of Income Tax Act is Omnibus: ITAT deletes Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notice-Income-Tax-Act-Income-Tax-Tax-ITAT-Penalty-Taxscan.jpg "Notice Issued u/s 271(1)(c) of Income Tax Act is Omnibus: ITAT deletes Penalty Proceedings [Read Order]")
Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the Income Tax proceedings against the deceased person. The death of assessee has not been communicated to the...
![Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-proceedings-Income-Tax-Tax-ITAT-Re-Adjudication-Aware-of-Death-Taxscan.jpg "Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]")
Telangana HC stays Criminal Proceedings against Assessee until disposal of Compounding Application u/s 279(2) [Read Order]
The Telangana High Court (HC)stayed the criminal proceedings against the assessee until disposal of the Compounding Application under section 279(2)of the Income Tax Act, 1961. The...
![Telangana HC stays Criminal Proceedings against Assessee until disposal of Compounding Application u/s 279(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Telangana-HC-Criminal-Proceedings-Compounding-Application-TAXSCAN.jpg "Telangana HC stays Criminal Proceedings against Assessee until disposal of Compounding Application u/s 279(2) [Read Order]")
![Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Assessment-Income-Tax-Assessment-ITAT-Re-Adjudication-Taxscan.jpg "Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]")
High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]
The Delhi High Court (HC) directed to re-adjudicate the high pitched assessment by income tax department with unusual determination of rate of gross profit. This writ petition is directed against...
![High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessment-Income-Tax-Dept-Rate-of-Gross-Profit-Delhi-High-Court-Re-Adjudication-TAXSCAN.jpg "High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]")
Accepting of Share Application Money is Not “Loan” u/s 269SS of the Income Tax Act, No Penalty: ITAT [Read Order]
The Kolkata Income Tax Appellate Tribunal ( ITAT ) has recently held that accepting of share application money was not loan under section 269SS of the Income Tax Act 1961, no penalty could be levied...
![Accepting of Share Application Money is Not “Loan” u/s 269SS of the Income Tax Act, No Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Share-Application-Money-Share-Application-Application-Money-Application-Money-Loan-Income-Tax-Act-Income-Tax-Tax-Penalty-Taxscan.jpg "Accepting of Share Application Money is Not “Loan” u/s 269SS of the Income Tax Act, No Penalty: ITAT [Read Order]")
Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]
The Pune bench of Income Tax Appellate Tribunal ( ITAT ) denied income tax deduction under section 80IB (10) of Income Tax Act 1961 to a builder because of delay in completion of housing projects...
![Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Housing-Projects-Statutory-Approval-ITAT-Income-Tax-Deduction-Income-Tax-Deduction-Builder-Taxscan.jpg "Delay in Completion of Housing Projects without Statutory Approval: ITAT Denies Income Tax Deduction u/s 80IB(10) to Builder [Read Order]")