![Expense Disallowance u/s 14A exceeds Exempt Income, no Error or Revenue Prejudice Found: ITAT criticizes PCITs unnecessary revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-ITAT-ITAT-Chennai-PCIT-Revision-TAXSCAN.jpg "Expense Disallowance u/s 14A exceeds Exempt Income, no Error or Revenue Prejudice Found: ITAT criticizes PCITs unnecessary revision [Read Order]")
Expense Disallowance u/s 14A exceeds Exempt Income, no Error or Revenue Prejudice Found: ITAT criticizes PCIT's unnecessary revision [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) criticized the Principal Commissioner of Income Tax for not recognizing that the assessee...
![Notice of Reassessment Not received to Assessee Either through Email or Speed Post: Calcutta HC Directs PCIT to Reconsider Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-commissioner-Reassessment-Notice-Income-Tax-Act-Calcutta-TAXSCAN.jpeg "Notice of Reassessment Not received to Assessee Either through Email or Speed Post: Calcutta HC Directs PCIT to Reconsider Assessment [Read Order]")
![Senior Citizen allowed to Pay 20% Income Tax Appeal Pre-deposit in 18 Instalments Considering Financial Issues: Madras HC Refuses to Waive Deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/income-tax-income-tax-news-income-tax-appeal-financial-issues-senior-citizen-madras-highcourt-madras-high-court-news-Waive-Deposit-madras-hc-madras-hc-news-taxnews-taxscan.jpg "Senior Citizen allowed to Pay 20% Income Tax Appeal Pre-deposit in 18 Instalments Considering Financial Issues: Madras HC Refuses to Waive Deposit [Read Order]")
![Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-Income-Tax-Deduction-Income-Tax-Appellate-Tribunal-Gujarat-High-Court-TAXSCAN.jpg "Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]")
![Dismissal of Revision Application u/s 264 of Income Tax Act: Delhi HC directs to obtain Instructions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-high-court-Income-tax-Revision-Application-Dismiss-revision-application-TAXSCAN.jpg "Dismissal of Revision Application u/s 264 of Income Tax Act: Delhi HC directs to obtain Instructions [Read Order]")
Failure to make Proper Enquiry on Bogus Claim of LTCG by Sale of Shares: Calcutta HC upholds Revision Order [Read Order]
In a recent case, the Calcutta High Court has upheld the revision order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of the Income Tax Act, 1961. The Court found that...
Rejection of Delay Condonation Applications in cryptic, Confused and absurd manner: Orissa HC remits Income Tax Matter back to PCIT [Read Order]
A Division bench of the Orissa High Court has remitted the delay condonation application of the petitioner back to the Principal Commissioner of Income Tax ( PCIT ) as the rejection of the...
ITAT rules Assessee not Liable for Payee's Non-Response to AO Notice, Quashes Revision Order [Read Order]
In a recent ruling the Indore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the assessee not liable for payee's non-response to Assessing Officer Notice, quashed the revision order. ...
![ITAT rules Assessee not Liable for Payees Non-Response to AO Notice, Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Income-Tax-ITAT-Indore-Revision-Order-TAXSCAN.jpg "ITAT rules Assessee not Liable for Payees Non-Response to AO Notice, Quashes Revision Order [Read Order]")
Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed the assessment order after finding that the Assessing Officer ( AO ) failed to verify the adequacy of agricultural...
![Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Agricultural-Expenditure-Adequacy-AO-us-1433-Revenue-interests-not-sustainable-ITAT-quashes-assessment-order-TAXSCAN.jpg "Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]")
Appeal against Revision Order under Income Tax Act: Kerala HC directs to Stays proceedings till Final order of Appeal [Read Order]
The Kerala High Court directed to stay proceedings under the Income Tax Act, 1961 till the passing of the final order of appeal. The petitioner already filed an appeal against the revision order...
No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently made a significant decision, overturning an order passed by the Principal Commissioner of Income Tax ( PCIT ) under section 263...
![No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Found-Assessment-Order-Prejudicial-to-Revenues-Interest-ITAT-PCIT-us-263-of-Income-Tax-Act-TAXSCAN.jpg "No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]")
PCIT Directs AO to grant 80P Deduction without Proper Claim: ITAT nullifies Revision Order [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has invalidated a revision order issued by the Principal Commissioner of Income Tax (PCIT), which directed the Assessing Officer (AO)...
![PCIT Directs AO to grant 80P Deduction without Proper Claim: ITAT nullifies Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/PCIT-Directs-AO-80P-Deduction-Proper-Claim-ITAT-Revision-Order-TAXSCAN.jpg "PCIT Directs AO to grant 80P Deduction without Proper Claim: ITAT nullifies Revision Order [Read Order]")