![S.263 of Income Tax Act Not to be invoked without Justifiable Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-Income-Tax-Act-TAXSCAN.webp "S.263 of Income Tax Act Not to be invoked without Justifiable Reasons: ITAT [Read Order]")
S.263 of Income Tax Act Not to be invoked without Justifiable Reasons: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that Section 263 of the Income Tax Act 1961 is not to be invoked...
![Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Reassessment-Co-operative-Banks-Reassessment-Notice-TAXSCAN.jpg "Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]")
![Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-CBDT-CBDT-Circular-Income-Tax-Revival-of-Income-Tax-appeals-Principal-Commissioner-of-Income-Tax-taxscan.jpg "Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]")
![AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-Agricultural-Income-Agriculture-Land-Purchase-ITAT-Land-Purchase-Sources-Bank-Bank-Deposits-tax-news-AOs-Failure-itat-news-agriculture-news-land-purchase-news-ao-news-taxscan.jpg "AO’s failure to Investigate Agricultural Income, Land Purchase Sources, and Unexplained Bank Deposits: ITAT upholds PCIT Order [Read Order]")
![Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-Ahmedabad-PCIT-Order-TAXSCAN.jpeg "Inaccurate Share Transaction Reporting: ITAT directs Reassessment, upholds PCITs Order u/s 263 of Income Tax Act [Read Order]")
![Proper Enquiry done by AO: ITAT quashes Revision Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-ITAT-Ahmedabad-Revision-order-under-Income-Tax-TAXSCAN-1.jpg "Proper Enquiry done by AO: ITAT quashes Revision Order u/s 263 of Income Tax Act [Read Order]")
PCIT fails to Assume Jurisdiction u/s 263 as Assessment order issued in Name of Non-Existent Entity: ITAT sets aside Order [Read Order]
The two-member bench of the Income Tax Appellate Tribunal ( ITAT ) in Mumbai set aside the order, ruling that the Principal Commissioner of Income Tax ( PCIT ) failed to assume jurisdiction under...
![PCIT fails to Assume Jurisdiction u/s 263 as Assessment order issued in Name of Non-Existent Entity: ITAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-PCIT-PCIT-Fails-ITAT-Sets-Jurisdiction-Assessment-order-Principal-Commissioner-of-Income-Tax-taxscan.jpg "PCIT fails to Assume Jurisdiction u/s 263 as Assessment order issued in Name of Non-Existent Entity: ITAT sets aside Order [Read Order]")
Income Tax Orders Violating Natural Justice Deemed Non-Est in Law: Madras HC Remands Matter to PCIT [Read Order]
In a recent ruling, the Madras High Court remanded the matter to the Principal Commissioner of Income Tax ( PCIT ) as the income tax order passed violated natural justice and was deemed non-est in...
![Income Tax Orders Violating Natural Justice Deemed Non-Est in Law: Madras HC Remands Matter to PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Natural-Justice-Madras-HC-Madras-High-Court-PCIT-madras-high-court-on-pcit-madras-high-court-about-pcit-Violation-of-Natural-Justice-taxnews-taxscan.jpg "Income Tax Orders Violating Natural Justice Deemed Non-Est in Law: Madras HC Remands Matter to PCIT [Read Order]")
Failure to Meet Prima Facie Case, Irreparable Loss, and Balance of Convenience: ITAT declines to Stay Cancellation of Exemption Notification to LIFE [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) dismissed the stay application by the Life Trust,upholding the Principal Commissioner of Income Tax (PCIT)’s cancellation order of 30th...
![Failure to Meet Prima Facie Case, Irreparable Loss, and Balance of Convenience: ITAT declines to Stay Cancellation of Exemption Notification to LIFE [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Prima-Facie-Case-Irreparable-Loss-Balance-of-Convenience-ITAT-Stay-Cancellation-of-Exemption-LIFE-taxscan.jpeg "Failure to Meet Prima Facie Case, Irreparable Loss, and Balance of Convenience: ITAT declines to Stay Cancellation of Exemption Notification to LIFE [Read Order]")
Income Tax Calculation Mistake u/s 115BBE of Income Tax Act can be Rectified only via Section 154, not Section 263: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad recently in a case held that the Income Tax calculation mistake made by the Assessing Officer ( AO ) under section 115BBE of the Income Tax Act...
![Income Tax Calculation Mistake u/s 115BBE of Income Tax Act can be Rectified only via Section 154, not Section 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Income-and-Tax-Calculator-Income-Tax-Calculation-Mistake-TAXSCAN.jpeg "Income Tax Calculation Mistake u/s 115BBE of Income Tax Act can be Rectified only via Section 154, not Section 263: ITAT [Read Order]")
Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed the Principal Commissioner of Income Tax ( PCIT ) revision order under Section 263 of the Income Tax Act, 1961. The...
![Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Itat-Revision-Order-Cash-Payment-Lack-of-Conclusive-Evidence-itat-on-revision-order-itat-about-revision-order-itat-news-taxnews-taxscan.jpg "Lack of Conclusive Evidence: ITAT quashes Revision Order u/s 263 alleging Cash Payment [Read Order]")
No Interference required on Acceptance of Explanation for Unexplained Cash Deposits as Gifts: Karnataka HC [Read Order]
The Karnataka High Court has ruled that the Settlement Commission, by accepting explanations "in the spirit of settlement," cannot be faulted or subjected to interference within the limited scope of...
