![Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Profit-Bogus-Purchase-Hawala-Dealers-Income-Tax-ITAT.jpg "Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]")
Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the profit element from bogus purchases made through the hawala dealers...
![No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-tax-compulsory-acquisition-of-land-ITAT-taxscan.jpg "No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]")
![Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Google-India-TDS-Default-Time-Barred-ITAT-taxscan.jpg "Income Tax Proceedings against Google India for TDS Default are Time Barred: ITAT quashes Orders [Read Order]")
No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that no Income tax on compensation is received for compulsory acquisition of land by the government. The assessee, Shri Suresh Prasad...
![No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-tax-compensation-acquisition-of-land-Govt-ITAT-taxscan.jpg "No Income Tax on Compensation received for Compulsory Acquisition of Land by Govt: ITAT [Read Order]")
![Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Kolkata-HC-Income-Tax-taxscan.jpeg "Calcutta HC directs Govt to file Explanation in Transfer of Income Tax File u/s 127(2) [Read Order]")
![Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Re-Assessment-ITAT-taxscan.jpeg "Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]")
Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that Income Tax on Rental Income on a Notional Basis is not Applicable If Assessee could not find a Tenant for a Relevant Assessment Year. ...
![Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rental-Income-Tenant-ITAT-taxscan.jpeg "Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]")
Income Tax Update: Form No. 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A Available for E-filing on Portal
The income tax department has informed the taxpayers that Forms 3CEF, 58C, 58D, 27C, 3BB, 3BC, 10BC and 28A are now available on the E-Filing portal as per DGIT(S) Notification No.3/2022. Last...
![Income Tax: NFAC issues SoP for Faceless Assessment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-NFAC-SoP-Faceless-Assessment-taxscan.jpeg "Income Tax: NFAC issues SoP for Faceless Assessment [Read Circular]")