Value Fixed by Stamp Valuation Authority to be taken as Full Value of Consideration Calculating Capital Gains: Delhi HC Condemns Act of PCIT in Rubber Stamping Attempt of AO to Reopen Assessment
The Delhi High Court condemned act of Principal Commissioner of Income Tax (PCIT) in rubber stamping attempt of the Assessing Officer (AO) to reopen...
![AO rightly takes Approval from PCIT for Reassessment not Elapsed more than 3 years: Calcutta HC upholds addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Approval-Approval-from-PCIT-PCIT-PCIT-for-Reassessment-Reassessment-Elapsed-Calcutta-HC-upholds-addition-Calcutta-High-Court-addition-taxscan.jpg "AO rightly takes Approval from PCIT for Reassessment not Elapsed more than 3 years: Calcutta HC upholds addition [Read Order]")
![Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Power-Attorney-verified-Sale-Inherent-Property-ITAT-Assessment-Order-TAXSCAN.jpg "Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]")
![PCIT wrongly invokes Revisionary Powers u/s 263 of IT Act on order issued by AO with Sufficient Enquiry: ITAT revives Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-PCIT-Revisionary-Powers-IT-Act-Income-Tax-AO-Sufficient-Enquiry-ITAT-taxscan.jpg "PCIT wrongly invokes Revisionary Powers u/s 263 of IT Act on order issued by AO with Sufficient Enquiry: ITAT revives Assessment Order [Read Order]")
![Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Claim-of-Deduction-Deduction-Freight-Outward-Expenses-Expenses-Actual-Payment-Details-Submission-of-Actual-Payment-Details-ITAT-Income-Tax-taxscan.jpg "Claim of Deduction on Freight Outward Expenses Allowable only on Submission of Actual Payment Details: ITAT [Read Order]")
No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]
The Calcutta High Court noted that the Principal Commissioner of Income Tax (PCIT) could not have ignored order under Section 153A of the Income Tax Act as immaterial and irrelevant as no adverse...
![No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Calcutta-High-Court-PCIT-immaterial-Irrelevant-Taxscan.jpg "No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]")
Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order holding that the order could not be treated as erroneous if the Principal Commissioner of Income Tax (PCIT) had...
![Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Order-Erroneous-PCIT-ITAT-Revision-Income-Tax-Taxscan.jpg "Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]")
Revisional Power cannot be Invoked When AO Adopted A Plausible View that resulted in Loss of Revenue But the Same is Not Unsustainable in Law: ITAT
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that the revisional power could not be invoked when the assessing officer had adopted a plausible view resulting in loss of revenue...
AO failed to Conduct Investigation regarding Cash Deposits during Demonetization Period: ITAT Upholds Revision Order [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision order observing that the Assessing Officer (AO) had failed to conduct investigation regarding cash deposits...
![AO failed to Conduct Investigation regarding Cash Deposits during Demonetization Period: ITAT Upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Investigation-Cash-Deposits-Demonetization-Period-ITAT-Revision-Order-Taxscan.jpg "AO failed to Conduct Investigation regarding Cash Deposits during Demonetization Period: ITAT Upholds Revision Order [Read Order]")
Failure to prove Job Work charges Claimed under P&L A/c is Bogus: Delhi HC Set asides Revision Order [Read Order]
Delhi High Court (HC) presided by Justices Rajiv Shakdher and Tara Vitasta Ganju set aside the revision order of the Principal Commissioner of Income Tax (PCIT) and upheld the decision of the Income...
Revisional Order by PCIT will be invalid if Original Reassessment order was not validly passed: Orissa HC [Read Order]
The Orissa High Court (HC) has held the revisional order by PCIT will be invalid if the original reassessment order was not validly passed. The Revenue is directed to challenge the common order...
![Revisional Order by PCIT will be invalid if Original Reassessment order was not validly passed: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revisional-order-PCIT-Reassessment-order-Orissa-High-Court-taxscan-.jpg "Revisional Order by PCIT will be invalid if Original Reassessment order was not validly passed: Orissa HC [Read Order]")
Sanction by PCIT for Re-Assessment u/s 147 was Mechanical Approval without Application of Mind: ITAT directs Re-Adjudication [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has re-adjudication observing that the sanction by Principal Commissioner of Income Tax (PCIT) for the reassessment under Section 147 of...
![Sanction by PCIT for Re-Assessment u/s 147 was Mechanical Approval without Application of Mind: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/PCIT-Re-Assessment-Mechanical-Approval-ITAT-Re-Adjudication-Income-Tax-taxscan.jpg "Sanction by PCIT for Re-Assessment u/s 147 was Mechanical Approval without Application of Mind: ITAT directs Re-Adjudication [Read Order]")