![Guidance Value of Land or Building Should be used to Determine Consideration Where Transfer Value of Capital Asset is not determinable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/site-imd-28.jpg "Guidance Value of Land or Building Should be used to Determine Consideration Where Transfer Value of Capital Asset is not determinable: ITAT [Read Order]")
Guidance Value of Land or Building Should be used to Determine Consideration Where Transfer Value of Capital Asset is not determinable: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal(ITAT)ruled that the guidance value of land or building should be used to determine the...
![Karnataka HC Quashes Income Tax Assessment Proceedings u/s 148A(b) Due to Non-Service of SCN [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Karnataka-High-Court-Income-Tax-Assessment-Proceedings-Show-cause-notice-taxscan.jpg "Karnataka HC Quashes Income Tax Assessment Proceedings u/s 148A(b) Due to Non-Service of SCN [Read Order]")
![Revenue Challenges ITATs ESOP Deduction Decision: Karnataka HC Dismisses Petition, Upholds ESOP as Legitimate Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ESOP-Karnataka-High-Court-Employee-Stock-Ownership-Plan-ESOP-Deduction-Decision-taxsacn.jpg "Revenue Challenges ITATs ESOP Deduction Decision: Karnataka HC Dismisses Petition, Upholds ESOP as Legitimate Business Expense [Read Order]")
![Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Assessment-Stock-Exchange-and-Bank-Data-TAXSCAN.jpeg "Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]")
![Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Notice-Section-148-TAXSCAN.jpg "Minimum 7-Day Must Be Given to Respond to Notice issued u/s 148A(b) of Income Tax: Karnataka HC [Read Judgment]")
Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]
The Karnataka High Court has declared that issuing a single consolidated Show Cause Notice ( SCN ) under Section 73 of the Goods and Services Tax ( GST ) Act for multiple assessment years is...
![Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Show-Cause-Notice-GST-GST-SCN-Goods-and-Services-Tax-Section-73-GST-Act-GST-assessment-taxscan.jpg "Single Consolidated GST SCN u/s 73 cannot be issued for Multiple Assessment Years: Karnataka HC [Read Order]")
GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]
In a recent ruling, the Karnataka High Court has directed the GST ( Goods and Services Tax ) Department to restore a petitioner’s GST registration within four weeks, following an unjust cancellation....
![GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-GST-Dept-SCN-Show-cause-notice-Karnataka-High-Court-GST-registration-taxscan.jpg "GST Dept Wrongly Cancelled Registration Despite Reply to SCN: Karnataka HC Directs to Restore in 4 Weeks [Read Order]")
Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]
The Karnataka High Court has directed a stay on penalty orders and demand notices issued by the Income Tax Department, stating that the Section 275 of Income Tax Act, 1961 clearly bars the issuance...
![Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Income-Tax-Department-Section-275-Income-Tax-Act-Income-Tax-taxscan.jpg "Section 275 of Income Tax bars Penalty Orders during pending appeals: Karnataka High Court stays Penalty Orders and Demand Notice [Read Order]")
Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Report's Authenticity [Read Order]
A fresh opportunity to establish the authenticity of the income tax audit report was granted to the assessee by the Karnataka High Court. The court set aside the order of the Assessing Officer...
![Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CA-Chartered-Accountant-Tax-Audit-Karnataka-High-Court-Karnataka-HC-income-tax-audit-report-taxscan.jpg "Tax Audit Report Rejected Over Unsigned Schedule and Annexures by CA Partner: Karnataka HC grants Opportunity to Establish Reports Authenticity [Read Order]")
Notices communicated to E-mail ID created by Former Accountant: Karnataka HC Returns Case to S. 148A(b) Stage [Read Order]
In a recent ruling, the Karnataka High Court remits the case back to the Section 148A(b) stage as the income tax notices are being sent to an outdated email address created by the former accountant...
Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Society's 80P Deduction Eligibility [Read Order]
Recently, the Bangalore bench of Income Tax Appellate Tribunal (ITAT) ordered the reevaluation of a Co-Operative Society’s income tax deduction eligibility under section 80P of the Income Tax Act...
![Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Interest-Income-Interest-Income-Verification-ITAT-Co-op-Society-Co-op-Societys-80P-Deduction-Eligibility-Incomplete-Interest-Income-Verification-ITAT-Orders-Revaluation-income-tax-tax-news-taxscan.jpg "Incomplete Interest Income Verification: ITAT Orders Revaluation of Co-op Societys 80P Deduction Eligibility [Read Order]")
