![ITAT quashes Reassessment Order on Cash Deposits due to AOs Vague Reasoning and Non-Application of Mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Income-Tax-Appellate-Authority-ITAT-Quashes-Reassessment-Order-Non-Application-of-Mind-assessing-officers-vague-reasoning-Cash-Deposits-Reassessment-Order-on-Cash-Deposits-TAXSCAN.jpg "ITAT quashes Reassessment Order on Cash Deposits due to AOs Vague Reasoning and Non-Application of Mind [Read Order]")
ITAT quashes Reassessment Order on Cash Deposits due to AO's Vague Reasoning and Non-Application of Mind [Read Order]
The Delhi Bench of Income Tax Appellate Authority ( ITAT ) quashed the reassessment order on cash deposits due to the assessing officer's vague...
![SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Supreme-Court-Allahabad-High-Court-Allahabad-HC-Income-Tax-Dept-Reassessment-with-Incorrect-Information-taxscan.jpg "SC Dismisses Rs. 5L Cost imposed by Allahabad HC against Income Tax Dept for Initiating Reassessment with Incorrect Information [Read Order]")
![ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Remits-Matter-AO-Reassessment-CITA-Sent-Notices-Incorrect-Email-ID-taxscan.jpg "ITAT Remits Matter to AO for Reassessment as CIT(A) Sent Notices to Incorrect Email ID [Read Order]")
![19 Days of Delay in Filing Appeal Condoned due to Outdated Email Address: ITAT remits Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-CITA-Taxscan.jpg "19 Days of Delay in Filing Appeal Condoned due to Outdated Email Address: ITAT remits Matter to CIT(A) [Read Order]")
![S.80P(2)(d) Exclusion on Fixed Deposit Interest has to be considered u/s 57 of Income Tax: ITAT directs AO to Reassess Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-bangalore-Fixed-Deposit-Fixed-Deposit-Interest-Assessing-Officer-Section-80P2d-taxscan.jpg "S.80P(2)(d) Exclusion on Fixed Deposit Interest has to be considered u/s 57 of Income Tax: ITAT directs AO to Reassess Matter [Read Order]")
![ITAT Invalidates unsigned NFAC Order, remands Matter for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-unsigned-NFAC-Order-remands-Matter-Re-Adjudication-taxscan.jpg "ITAT Invalidates unsigned NFAC Order, remands Matter for Re-Adjudication [Read Order]")
ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has imposed a ₹1000 fine for non-appearance during assessment proceedings before both the Assessing Officer and the Commissioner of...
![ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Bangalore-ITAT-Income-Tax-Appellate-Tribunal-CITA-Assessing-Officer-PM-Relief-Fund-Fine-for-Non-Appearance-Prime-Ministers-Relief-Fund-taxscan.jpg "ITAT Imposes ₹1000 Fine for Non-Appearance during Assessment Proceedings, Payable to PM Relief Fund [Read Order]")
Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]
The Bombay High Court has imposed a fine of Rs. 25,000 on the Jurisdictional Assessing Officer (JAO) for failing to adhere to a binding judgement in the case of Hexaware Technologies Limited vs....
![Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Bombay-HC-Income-Tax-JAO-Chief-Commissioner-Fine-for-ignorance-Hexaware-Decision-taxscan.jpg "Bombay HC slaps Income Tax JAO and Chief Commissioner with Rs. 25k Fine for ignorance of Hexaware Decision [Read Order]")
Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has condoned the delay of 601 days on filing income tax appeal citing there is no malafide intention on behalf of assessee for not filing...
![Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-Mail-ID-CITA-Order-ITAT-601-Days-Appeal-Delay-ITAT-condones-Income-Tax-Appellate-Tribunal-taxscan.jpg "Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]")
AO's Order must be Erroneous and Prejudicial to invoke Section 263: ITAT sets aside Revision Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) orders that the assessing officer’s assessment order must be erroneous and prejudicial to invoke Section 263 of the Income Tax Act,...
![AOs Order must be Erroneous and Prejudicial to invoke Section 263: ITAT sets aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Revision-order-Income-Tax-Act-jurisdiction-ITAT-sets-aside-Order-ITAT-Order-Taxscan.jpg "AOs Order must be Erroneous and Prejudicial to invoke Section 263: ITAT sets aside Revision Order [Read Order]")
ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the claim for tax deduction under Section 54 of the Income Tax Act, 1961, for an investment in a new residential property. The...
![ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Act-Section-54-Income-Tax-Act-New-Residential-Property-taxscan.jpg "ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]")
Delay in deciding Stay application against Income Tax Assessment Order: Kerala HC directs NFAC to decide within 2 Months [Read Order]
The Kerala High Court directed the National Faceless Assessment Centre ( NFAC ) to decide within 2 months as there was a delay in deciding to stay the application against the Income Tax assessment...
![Delay in deciding Stay application against Income Tax Assessment Order: Kerala HC directs NFAC to decide within 2 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Kerala-High-Court-Assessment-Order-Income-Tax-Assessment-Order-NFAC-Income-Tax-Taxscan.jpg "Delay in deciding Stay application against Income Tax Assessment Order: Kerala HC directs NFAC to decide within 2 Months [Read Order]")