![NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/NFAC-Invoke-Income-Tax-Act-Failure-to-Lodge-claim-Time-Stipulated-Delhi-HC-taxscann.jpg "NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]")
NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]
In a recent decision the Delhi High Court ruled that the National Faceless Assessment Centre ( NFAC ) cannot invoke Section 144B of the Income...
![Interest Received on Compensation or Enhanced Compensation shall be Taxable under Head Income from other sources: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-Interest-Received-on-Compensation-taxscan.jpg "Interest Received on Compensation or Enhanced Compensation shall be Taxable under Head Income from other sources: Delhi HC [Read Order]")
![Abatement u/s 153C of Income Tax Act should be Triggered by Formation of Opinion: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-Income-Tax-Act-Section-153c-of-Income-Tax-Act-Income-Tax-Taxscan.jpg "Abatement u/s 153C of Income Tax Act should be Triggered by Formation of Opinion: Delhi HC [Read Order]")
Proceeding to Adjust Demand against Available Refunds without Considering Application u/s 220(6) of Income Tax Act is Arbitrary: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that the proceeding to adjust demand against available refunds without considering application under Section 220(6) of the Income Tax Act, 1961 is...
![Proceeding to Adjust Demand against Available Refunds without Considering Application u/s 220(6) of Income Tax Act is Arbitrary: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-Income-Tax-Act-Income-Tax-Income-Tax-Act-Section-2206-Arbitrary-tax-refund-adjustment-Taxscan.jpg "Proceeding to Adjust Demand against Available Refunds without Considering Application u/s 220(6) of Income Tax Act is Arbitrary: Delhi HC [Read Order]")
ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]
In a significant ruling the Delhi High Court observed that the Income Tax Appellate Tribunal ( ITAT )has power to recall its order under Section 254 of the Income Tax Act, 1961 to correct manifest...
![ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-Delhi-HC-ITAT-Income-Tax-Act-Section-254-Of-The-Income-Tax-Act-ITAT-order-recall-power-Taxscan.jpg "ITAT has Power to Recall its Order u/s 254 of Income Tax Act to Correct Manifest Error Apparent on Record: Delhi HC [Read Order]")
Clandestine Removal and Under-Valuation Charges not sustainable on ground of Assumptions and Presumptions: Delhi HC [Read Order]
In a recent ruling the Delhi High Court observed that clandestine removal and under-valuation charges is not sustainable on ground of assumptions and presumptions. The Commissioner of Central...
Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]
A Division Bench of the Delhi High Court ruled that the period prescribed under Section 153(3) of the Income Tax Act, 1961 is to be computed from the date of receipt of the order from the Income Tax...
![Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-ITAT-Income-tax-Income-tax-news-Receipt-taxscan.jpg "Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]")
Withdrawal of Upward Adjustments of Income proposed by TPO: Delhi HC applies Rule of Consistency to adopt TNMM [Read Order]
In a recent decision the Delhi High Court applied the rule of consistency to adopt Transactional Net Margin Method ( TNMM ) in the matter regarding withdrawal of upward adjustments of income proposed...
Appending phrase 'Yes' by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]
In a significant ruling the Delhi High Court observed that appending phrase 'Yes' by the Principal Commissioner of Income Tax ( PCIT ) is not valid approval under Section 151 of the Income Tax Act,...
![Appending phrase Yes by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Appending-PCIT-approval-Income-Tax-Act-Delhi-HC-taxscan-1.jpg "Appending phrase Yes by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]")