![Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Income-Tax-Proceedings-Presumption-of-Truth-Non-Appearance-Rebut-ITAT-Assessee-Taxscan.jpg "Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]")
Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi bench has held that the income tax proceedings are attached with the presumption of truth and the...
![Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Company-completion-Liquidation-ITAT-IBC-Income-Tax-taxscan-2.jpeg "Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]")
![ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Income-Tax-Penalty-Doctor-daily-case-register-Inventory-of-Medicine-Stock-medicine-stock-medicine-case-register-income-tax-penalty-Taxscan.jpg "ITAT confirms Income Tax Penalty against Doctor for not maintaining daily case register and Inventory of Medicine Stock [Read Order]")
![CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Detailed-Circular-TDS-Income-Tax-Deduction-Income-tax-Salaries-AY-2021-22-Taxscan.jpg "CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]")
Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]
The ITAT, Kolkata bench has held that the addition made on the basis of statement made on oath by the assessee during the course of survey cannot be the sole reason for income tax addition unless the...
![Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Oath-Survey-Supporting-Evidence-ITAT-taxscan.jpg "Addition merely based on Oath made during Survey is Invalid without Supporting Evidence: ITAT [Read Order]")
Proper Opportunity shall be given to Assesse to pass Order: Bombay HC directs AO to re-consider Income Tax Faceless Assessment [Read Order]
The Bombay High Court has held that proper opportunity shall be given to the assessee to pass an order and direct the Assessing Officer to consider the income tax faceless assessment. The...
![Proper Opportunity shall be given to Assesse to pass Order: Bombay HC directs AO to re-consider Income Tax Faceless Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assesse-Bombay-HC-AO-Income-Tax-Faceless-Assessment-Taxscan-1.jpeg "Proper Opportunity shall be given to Assesse to pass Order: Bombay HC directs AO to re-consider Income Tax Faceless Assessment [Read Order]")
Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]
In an assessee-friendly ruling, the Karnataka High Court has held that the Assessing Officer cannot take advantage of the ignorance on the part of the assessee to collect more tax amount than is...
![Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-CBDT-Circular-Assessing-Officer-Assessees-Ignorance-Tax-Karnataka-High-Court-Taxscan.jpg "Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]")
Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didn't use Second PAN for any Transaction [Read Order]
The Madras High Court has quashed the Prosecution proceedings against Assessee having two PANs where he didn't use Second PAN for any Transaction. The Petitioner Sudhir Kumar Hasija has approached...
![Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didnt use Second PAN for any Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Madras-HC-quashes-Prosecution-Assessee-Second-PAN-Transaction-Taxscan.jpg "Madras HC quashes Prosecution proceedings against Assessee having two PANs where he didnt use Second PAN for any Transaction [Read Order]")
Assessee can adjust Income Tax paid under Income Declaration Scheme, 2016 with Tax payable If his Application was rejected: Supreme Court reverses HCs Decision [Read Order]
The Supreme Court while reversing the High Court’s Order has ruled that the assessee can adjust Income Tax paid under Income Declaration Scheme, 2016 with tax payable if his application was rejected....
![Assessee can adjust Income Tax paid under Income Declaration Scheme, 2016 with Tax payable If his Application was rejected: Supreme Court reverses HCs Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Supreme-Court-Assessee-Income-Tax-Income-Declaration-Scheme-tax-SC-reverses-High-Court-taxscan.jpg "Assessee can adjust Income Tax paid under Income Declaration Scheme, 2016 with Tax payable If his Application was rejected: Supreme Court reverses HCs Decision [Read Order]")