Begin typing your search above and press return to search.
![Reassessment Proceedings Initiated Without Documentary Evidence and Based on Borrowed Satisfaction: ITAT Quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Reassessment-Proceedings-ITAT-ITAT-Quashes-taxscan.jpg "Reassessment Proceedings Initiated Without Documentary Evidence and Based on Borrowed Satisfaction: ITAT Quashes Proceedings [Read Order]")
Reassessment Proceedings Initiated Without Documentary Evidence and Based on Borrowed Satisfaction: ITAT Quashes Proceedings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),quashed reassessment proceedings initiated without any documentary evidence and based...
![85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Pune-Net-Profit-Tax-Based-on-Net-Profit-Taxscan.jpg "85% of Unaccounted Cash Receipts as Income: ITAT Directs AO to Tax based on Net Profit [Read Order]")
![No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Punjab-and-Haryana-High-Court-Section-1451-income-tax-act-Trading-result-computation-taxscan.jpg "No Addition to Net Profit to be Made without Recomputing Trading Result u/s 145(1) of Income Tax Act: Punjab & Haryana HC [Read Order]")
![Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-shall-be-determined-on-Net-Profit-even-Society-Registered-Income-Tax-Act-ITAT-allows-Deduction-of-Expenditure-TAXSCAN.jpg "Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]")
8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]
The Income Tax Appellate Tribunal (ITAT), Patna Bench, has recently, in an appeal filed before it, while restricting the net profit rate of 6% in civil contract business, held that 8% income over the...
![8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Gross-Revenue-Net-Profit-Civil-Contract-Business-taxscan.jpg "8% Income Over the Gross Revenue is Unjustifiable: ITAT Restricts Net Profit Rate of 6% in Civil Contract Business [Read Order]")
No Need to report on Net Profit/(loss) after Tax and Cash Flows of branches If Such Details are not contained in Financial Statements: ICAI issues Advisory
The Institute of Chartered Accountants of India ( ICAI ) has issued Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review/audit report of...
