![Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/BMC-Software-ITAT-Income-Tax-Addition-Lease-Line-Charges-TAXSCAN.jpg "Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]")
Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench deleted Income Tax Addition on lease line charges thereby granting relief to BMC Software India...
![Income Tax: Sufficiency or Adequacy of Reasons for Re-Assessment cannot be decided through Writ Petition, rules Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Re-Assessment-Writ-Petition-Telangana-HC-taxscan.jpeg "Income Tax: Sufficiency or Adequacy of Reasons for Re-Assessment cannot be decided through Writ Petition, rules Telangana HC [Read Order]")
![Failure to Pay Self-Assessed Income Tax is not Willful Attempt to Evade Tax: Bombay HC Quashes Criminal Prosecution [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Tax-Bombay-HC-Criminal-Prosecution-taxscan.jpg "Failure to Pay Self-Assessed Income Tax is not Willful Attempt to Evade Tax: Bombay HC Quashes Criminal Prosecution [Read Order]")
![CBDT notifies Income Tax Exemption to Kerala State Electricity Regulatory Commission u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/CBDT-Income-Tax-Kerala-State-Electricity-Regulatory-Commission-taxscan.jpg "CBDT notifies Income Tax Exemption to Kerala State Electricity Regulatory Commission u/s 10(46) [Read Notification]")
Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]
In a recent order, the Supreme Court has directed to erase the personal remarks made against the authors-cum-Founder Chairman of the assessee-trust in the order passed by the Director of Income Tax...
![Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Supreme-Court-Personal-Remarks-Income-Tax-E-Trust-Order-taxscan.jpeg "Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]")
Income Tax Notice u/s 148A cannot be Vague: Delhi HC rules Missing of Foundational Allegation cannot be Compensated by Issuing Supplementary Notice [Read Order]
The Delhi High Court, while quashing a pre-consultation notice under the provisions of section 148A of the Income Tax Act, 1961 held that such notice cannot be vague. Quashing the impugned notice,...
![Income Tax Notice u/s 148A cannot be Vague: Delhi HC rules Missing of Foundational Allegation cannot be Compensated by Issuing Supplementary Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Notice-Delhi-HC-Notice-taxscan.jpeg "Income Tax Notice u/s 148A cannot be Vague: Delhi HC rules Missing of Foundational Allegation cannot be Compensated by Issuing Supplementary Notice [Read Order]")
![Stay order made u/S 220 (6) of the Income Tax Act must be a Speaking Order: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Order-Income-Tax-speaking-order-Madras-HC-taxscan.jpg "Stay order made u/S 220 (6) of the Income Tax Act must be a Speaking Order: Madras HC [Read Order]")
Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]
The Central Board of Direct Taxes (CBDT) has specified the sovereign wealth fund, Norges Bank On Account Of The Government Pension Fund Global as the specified person for the purposes of the said...
![Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/Norges-Bank-Account-Government-Global-Eligible-Income-Tax-Specified-Wealth-Fund-TAXSCAN-1.jpg "Norges Bank on Account of the Govt Pension Fund Global Eligible for Income Tax Exemption for Specified Wealth Fund: CBDT [Read Notification]")
Calcutta HC confirms Income Tax Addition for Deposit of Unaccounted Cash in Shell Companies [Read Order]
While allowing an appeal filed by the income tax department, the Calcutta High Court has confirmed the addition in respect of the deposit of the unaccounted cash using nine shell companies. The...
![Calcutta HC confirms Income Tax Addition for Deposit of Unaccounted Cash in Shell Companies [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Calcutta-HC-Income-Tax-Deposit-taxscan.jpeg "Calcutta HC confirms Income Tax Addition for Deposit of Unaccounted Cash in Shell Companies [Read Order]")
Assessment Order without considering Amalgamation Scheme is not Valid: ITAT upholds Order of CIT(A) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessment order based on a standalone basis despite the fact of amalgamation is not sustainable and upheld the order of...
![Assessment Order without considering Amalgamation Scheme is not Valid: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessment-order-amalgamation-scheme-ITAT-CITA-Taxscan.jpg "Assessment Order without considering Amalgamation Scheme is not Valid: ITAT upholds Order of CIT(A) [Read Order]")