![Assessment completed routine and mechanical manner without due diligence and due application of mind: ITAT Upholds Revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Upholds-Revision-order-Income-Tax-Appellate-Tribunal-ITAT-mumbai-TAXSCAN.jpg "Assessment completed routine and mechanical manner without due diligence and due application of mind: ITAT Upholds Revision order [Read Order]")
Assessment completed routine and mechanical manner without due diligence and due application of mind: ITAT Upholds Revision order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench while sustaining the revision order passed under section 263 of the Income Tax Act ,...
![PCIT has no Jurisdiction When AO Enquired Issuance of High Premium Shares: Delhi HC Uphold order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/PCIT-Jurisdiction-AO-High-Premium-Shares-Delhi-HC-ITAT-Delhi-HC-Uphold-order-of-ITAT-taxscan.jpg "PCIT has no Jurisdiction When AO Enquired Issuance of High Premium Shares: Delhi HC Uphold order of ITAT [Read Order]")
![ITAT Annual Digest [Part 51]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-51-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 51]")
![ITAT quashes Disallowance of Deduction u/s 54 merely based on Non-Deposit of Capital Gains in Capital Gain Account Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Deduction-Capital-Gain-Capital-Gain-Account-Scheme-Non-Deposit-of-Capital-Gain-ITAT-Delhi-taxscan.jpg "ITAT quashes Disallowance of Deduction u/s 54 merely based on Non-Deposit of Capital Gains in Capital Gain Account Scheme [Read Order]")
PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]
The Kerala High Court while dismissing the writ petition has held that Principal Commissioner of Income Tax (PCIT) under section 119(2) (b) of the Income Tax Act, 1961 has no power to consider merits...
![PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/PCIT-Condoning-Delay-in-Filing-Return-Kerala-High-Court-Writ-Petition-Merits-of-Claim-Condoning-Delay-.jpg "PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]")
Unsold flats categorized as Stock in Trade should be assessed as 'Business Income,' not 'Income from House Property: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while quashing the revision order, held that unsold flats categorized as stock in trade should be assessed as business income, not income from...
![Unsold flats categorized as Stock in Trade should be assessed as Business Income, not Income from House Property: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Unsold-flats-Stock-in-Trade-should-be-assessed-as-Business-Income-Income-House-Property-ITAT-Revision-Order-TAXSCAN.jpg "Unsold flats categorized as Stock in Trade should be assessed as Business Income, not Income from House Property: ITAT quashes Revision Order [Read Order]")
![ITAT Deletes Addition against Volkswagen on Account of Government Grants [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletes-Addition-Volkswagen-Account-of-Government-Grants-taxscan.jpg "ITAT Deletes Addition against Volkswagen on Account of Government Grants [Read Order]")
Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision order under Section 263 of the Income Tax Act 1961 as the acceptance of Income Tax Return (ITR) was without adequate...
![Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Acceptance-of-ITR-Income-Tax-Returns-Adequate-and-Sufficient-Enquiry-by-AO-ITAT-upholds-Revision-order-Revision-order-Income-Tax-Act-Income-Tax-ITAT-ITAT-News-TAXSCAN.jpg "Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]")
No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench held that no revision order could be passed on issues raised by the PCIT outside the scope of limited scrutiny. Therefore, the bench quashed the...
![No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Revision-Order-Passed-On-Issue-Raised-By-PCIT-Outside-Scope-Limited-Scrutiny-Allows-Assessee-Appeal-ITAT-Income-Tax-TAXSCAN.jpg "No Revision Order can be passed on issue raised by PCIT outside scope of Limited Scrutiny: ITAT allows assessee Appeal [Read Order]")
Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]
The Ahmedabad Bench of Income tax Appellate Tribunal (ITAT) held that all income relating to entries noted in the diary stood disclosed by the partnership to and accepted by the settlement...
![Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Addition-Amount-Surrendered-Partnership-Firm-Settlement-Application-accepted-Settlement-Commission-ITAT-Dismisses-Appeal-TAXSCAN.jpg "Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]")
Remand of Issue to AO for Re-adjudication by PCIT without Determining Profit Declared by Assessee is Erroneous: ITAT sets aside Revision Order u/s 263 of Income Tax Act [Supreme Court]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that that the PCIT has merely remitted the issue back to the file of the AO to redo the assessment without giving a finding that the...
![Remand of Issue to AO for Re-adjudication by PCIT without Determining Profit Declared by Assessee is Erroneous: ITAT sets aside Revision Order u/s 263 of Income Tax Act [Supreme Court]](https://www.taxscan.in/wp-content/uploads/2023/10/Remand-of-Issue-to-AO-for-Re-adjudication-PCIT-Determining-Profit-Declared-by-Assessee-Erroneous-ITAT-Income-tax-Income-tax-act-Revision-Order-under-section-263-of-income-tax-act-TAXSCAN.jpg "Remand of Issue to AO for Re-adjudication by PCIT without Determining Profit Declared by Assessee is Erroneous: ITAT sets aside Revision Order u/s 263 of Income Tax Act [Supreme Court]")