![ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revision-Order-AO-Verification-Assessment-Proceedings-TAXSCAN.jpg "ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]")
ITAT upholds Revision Order on failure of AO to conduct Verification during Assessment Proceedings [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) upheld the revision order on failure of Assessing Officer (AO) to conduct...
![PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/PCIT-assessee-registration-ITAT-taxscan.jpg "PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]")
![Acceptance of Returned Income by AO after Proper Inquiry: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Returned-Income-AO-ITAT-Revisional-Order-taxscan.jpg "Acceptance of Returned Income by AO after Proper Inquiry: ITAT quashes Revisional Order [Read Order]")
Claim for Deduction on Land vacation Compensation Charges allowed without specific enquiry: ITAT upholds Revisional Order
Claim for deduction on account of land vacation compensation charges allowed without specific enquiry by the AO, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) upheld the revisional...
PCIT cannot impose his own Understanding of extent of inquiry u/s 263: ITAT quashes Revisionary Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench quashed the revisionary order and held that the Principal Commissioner of Income Tax (PCIT) cannot impose his own understanding of the extent of...
![PCIT cannot impose his own Understanding of extent of inquiry u/s 263: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/PCIT-ITAT-revisionary-order-taxscan.jpg "PCIT cannot impose his own Understanding of extent of inquiry u/s 263: ITAT quashes Revisionary Order [Read Order]")
Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has quashed revision under section 263 and upholds the claim of Mutuality by the Cricket Club of India. The appellant, M/s. Cricket...
![Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cricket-Club-of-India-ITAT-Revision-Mutuality-taxscan.jpg "Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]")
Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), held that if AO failed to rightly compute capital gain on the sale of the land then the revisional jurisdiction of PCIT will sustain and...
![Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Jurisdiction-PCIT-AO-capital-gain-sale-of-land-ITAT-revisional-order-Taxscan.jpg "Jurisdiction of PCIT will sustain if AO failed to rightly compute Capital Gain on Sale of Land: ITAT upholds Revisional Order [Read Order]")
Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal(ITAT) has held that mere suspicions of Principal Commissioners of Income Tax (PCIT) cannot be the basis for initiation proceedings under...
![Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-ITAT-Revisional-Order-taxscan.jpeg "Mere Suspicions of PCIT cannot be basis for Initiation Proceedings u/s 263: ITAT quashes Revisional Order [Read Order]")
![PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-Revision-ITAT-raxscan.jpeg "PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]")
Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment 'Erroneous' If Sale was under SARFEASI Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench comprising N.K. Billaiya, Accountant Member, and Shri Yogesh Kumar, Judicial Memberhave observed thatan assessment order cannot be held as...
![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")