Lack of Opportunity of Being Heard: ITAT quashes Revision Order u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench, has set aside a revision order passed by the Principal Commissioner of Income Tax (PCIT) under...
![PCITs Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/PCIT-ITAT-ITAT-Dismisses-Appeal-Income-Tax-Appellate-Tribunal-Surat-Bench-of-Income-Tax-Appellate-Tribunal-National-Faceless-Appeal-Centre-Income-tax-Income-tax-news-Taxscan.jpg "PCITs Rejection of Refund Claim and Rectification Application: ITAT Dismisses Appeal [Read Order]")
![ITAT sets aside PCIT’s Revision, Approves Additional Depreciation claim under Section 32(1)(iia) and Stamp Duty Deduction under Section 35DD [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-ITAT-Sets-Aside-PCITs-Revision-Principal-Commissioner-of-Income-Tax-Approves-Additional-Depreciation-taxscan.jpg "ITAT sets aside PCIT’s Revision, Approves Additional Depreciation claim under Section 32(1)(iia) and Stamp Duty Deduction under Section 35DD [Read Order]")
CBI files Chargesheet against Former Income Tax Principal Commissioner and four others in Rs 10 Lakh Bribery Case
The Central Bureau of Investigation ( CBI ) filed a chargesheet on October 25, 2024, against five accused, including the then Principal Commissioner of Income Tax ( PCIT ) for Patna, Bihar, and four...
![Section 80P Inserted to Encourage Growth of Co-Operative Societies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-ITAT-AHMEDABAD-Section-80P-cooperative-societies-growth-of-cooperative-societies-TAXSCAN.jpg "Section 80P Inserted to Encourage Growth of Co-Operative Societies: ITAT [Read Order]")
![ITAT Invalidates PCITs Hasty Revision u/s 263 and Remands Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Hasty-revision-under-Section-263-TAXSCAN.jpg "ITAT Invalidates PCITs Hasty Revision u/s 263 and Remands Case for Fresh Hearing [Read Order]")
Delhi HC upholds CIT's Decision to Revise Assessment Due to AO's Failure to Verify Dishonored Cheques [Read Order]
In the recent ruling, the Delhi High Court ,upheld the decision of the Principal Commissioner of Income Tax ( CIT ) to revise the assessment due to the Assessing Officer's ( AO ) failure to verify...
![Delhi HC upholds CITs Decision to Revise Assessment Due to AOs Failure to Verify Dishonored Cheques [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Delhi-High-Court-AO-failure-cheques-case-TAXSCAN.jpeg "Delhi HC upholds CITs Decision to Revise Assessment Due to AOs Failure to Verify Dishonored Cheques [Read Order]")
Rule 11UA Allows 10% Tolerance Limit for Differences Between Issue Price and FMV, No Additions Required u/s 56(2)(viib): ITAT
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) ruled that no addition was required under Section 56(2)(viib) of the Income Tax, 1961 if the difference between the issue price and Fair...
Delhi HC upholds Section 14A Disallowance in rejection of Retrospective Application of 2022 Amendment [Read Order]
In a recent ruling, the Delhi High Court dismissed the appeals and denied the retrospective application of the amendment made to the Finance Act, 2022. In this case, the two appeals have been...
