![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]")
Failure to Pay Self-Assessed Income Tax is not 'Willful Attempt to Evade Tax': Bombay HC Quashes Criminal Prosecution [Read Order]
The Bombay High Court, while considering a bunch of petitions, has held that the failure on the part of the assessee to pay self-assessed income tax...
![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]](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]](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]")
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")