Read all Latest Updates on and about PCIT

Begin typing your search above and press return to search.

Home
»
PCIT

General Insurance Companies Entitled to S. 10(38) Income Tax Exemption on Equity Gains: ITAT [Read Order]

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) ruled that general insurance companies can claim income tax exemption under Section 10(38)...

Delay in Filing Form 10 due to Technical Issue Cannot Deny Benefit to Trust: Madras HC condones...

Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire...

ITAT Quashes Revisionary Order u/s 263 Against Sabarmati Gas as PCIT Exceeded Scope of Show Cause...

Failure to obtain Mandatory Approval from PCCIT for Notice Issued Beyond Three Years: ITAT quashes...

PCIT can Sanction Income Tax Prosecution where Alleged Tax Evasion Exceeds ₹25 Lakh: Delhi HC [Read Order]

The Delhi High Court reaffirmed that the Principal Commissioner of Income Tax (PCIT) is competent to sanction the department to launch prosecution under the Income Tax Act, 1961, in cases where the...

ITAT Weekly Round-up

This weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from December 8, 2025 to December 13, 2025. ...

Section 153D's Institutional Check: How Prior Approval Limits PCIT's Power to Invoke S. 263 in Search Assessments

Assessment proceedings initiated following a search or requisition under the Income Tax Act, 1961, represent an extraordinary exercise of statutory power by the Revenue. These assessments are...

Nine-Month Delay in Filing Revised ITR "Too Huge": Delhi HC refuse to Condone Delay [Read Order]

The Delhi High Court has dismissed a petition filed challenging an order that rejected his request to condone a significant delay in filing a revised income tax return. The bench observed that...

Relief for Dabur India: ITAT Rules PCIT Erred in Setting Aside Assessment for Inadequate Enquiry Without Stating AO's View Unsustainable in Law [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that the PCIT erred in setting aside the assessment merely for alleged inadequate enquiries without establishing that the Assessing ...

“Trade Scheme Payments” to be Treated as Commission: ITAT Upholds PCIT’s Revision under Section 263 in Income Tax Case [Read Order]

The bench of the Income Tax Appellate Tribunal (ITAT), Delhi, upheld the Principal Commissioner of Income Tax’s (PCIT) revision order under Section 263 of the Income Tax Act, 1961, ruling that...

Technical Defects Do Not Invalidate Assessment: ITAT Upholds Validity of Digitally Signed DIN-Based Orders in Income Tax Case [Read Order]

The Bench of the Income Tax Appellate Tribunal, Lucknow, has held that an assessment order issued without certain details such as the assessee’s name, PAN, or assessment year is not invalid if the...