![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]")
PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench has held that Principal Commissioner of Income Tax (PCIT) fails to record the reason for...
![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]")
![Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-order-ITAT-Revisional-Order-taxscan.jpeg "Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]")
![Income Tax Officials bound to follow CBDT Circular: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Officials-CBDT-Circular-ITAT-Revisional-Order-Taxscan.jpeg "Income Tax Officials bound to follow CBDT Circular: ITAT quashes Revisional Order [Read Order]")
![AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/AO-Verified-Documents-Assessee-ITAT-Revision-proceedings-taxscan.jpg "AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]")
Property Purchased by Coparceners of HUF in their Individual Capacity is Assessable u/s 64(2)(b): ITAT upholds Revision [Read Order]
The Chennai Income Tax Appellate Tribunal (ITAT) presided by Mr. Mahavir Singh, Vice President and Mr. Manoj Kumar Aggarwal, Accountant Member has held that property purchased by coparceners of Hindu...
![Property Purchased by Coparceners of HUF in their Individual Capacity is Assessable u/s 64(2)(b): ITAT upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Property-Purchased-HUF-Individual-Capacity-ITAT-Taxscan.jpg "Property Purchased by Coparceners of HUF in their Individual Capacity is Assessable u/s 64(2)(b): ITAT upholds Revision [Read Order]")
Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]
Quashing a revision order passed under section 263 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the scope of limited scrutiny is confined to its...
![Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Scrutiny-ITAT-Assessment-Cash-Deposits-Demonetization-taxscan.jpg "Scope of Limited Scrutiny is Confined: ITAT quashes Revision since Original Assessment was initiated to Cash Deposits during Demonetization [Read Order]")
Delhi HC directs to Refund Amount Adjusted towards Disputed Tax Demand prior to issuance of Setoff of Refund order u/s 245 [Read Order]
The Delhi High Court has directed to refund amount adjusted towards disputed tax demand prior to issuance of setoff of refund order u/s 245. The appellant, Kshipra Jatana filed Writ petition...
![Delhi HC directs to Refund Amount Adjusted towards Disputed Tax Demand prior to issuance of Setoff of Refund order u/s 245 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Delhi-HC-Refund-Amount-Disputed-Tax-Demand-Refund-taxscan.jpg "Delhi HC directs to Refund Amount Adjusted towards Disputed Tax Demand prior to issuance of Setoff of Refund order u/s 245 [Read Order]")
Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal has held that appeal against scrutiny assessment pending adjudication and quashes revision proceedings initiated by Principle Commissioner of Income...
![Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Scrutiny-Assessment-Adjudication-ITAT-PCIT-taxscan.jpeg "Appeal against Scrutiny Assessment pending Adjudication: ITAT quashes Revision proceedings Initiated by PCIT [Read Order]")
Personal Hearing through Chat Messages not Sufficient: Calcutta HC quashes Order for Not following Natural Justice Principles [Read Order]
While quashing an assessment order, the Calcutta High Court has held that the personal hearing conducted by way of exchange of chat messages cannot be said to be an effective opportunity for a...
![Personal Hearing through Chat Messages not Sufficient: Calcutta HC quashes Order for Not following Natural Justice Principles [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Personal-Hearing-Chat-Messages-Calcutta-High-Court-Order-Natural-Justice-Principles-Taxscan.jpeg "Personal Hearing through Chat Messages not Sufficient: Calcutta HC quashes Order for Not following Natural Justice Principles [Read Order]")
Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench comprising of Shri Mahavir Prasad, JM & Shri Waseem Ahmed, AM held that the AO can convert the Limited Scrutiny to Complete scrutiny on...
![Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/scrutiny-PCIT-ITAT-taxscan.jpg "Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]")
Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench comprising the Sri Manish Borad, Accountant Member & Sri Sonjoy Sarma, Judicial Member has held that the revisional jurisdiction under...
![Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-Inquiry-Examination-ITAT-Revision-taxscan.jpeg "Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]")