![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]")
ITAT Invalidates PCIT's Hasty Revision u/s 263 and Remands Case for Fresh Hearing [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the Principal Commissioner of Income Tax's (PCIT) hasty revision under...
![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]")
![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]")
Non-Application of Mind to Law and Facts: Bombay HC nullifies PCIT Sanction, Notice and Income Tax Reassessment Order [Read Order]
In a recent ruling, the Bombay High Court quashed the reassessment proceedings initiated against The Saraswat Co-operative Bank Ltd.,for the non-application of mind to both facts and law by the...
![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]
The Karnataka High Court has dismissed an Income Tax appeal filed by the Principal Commissioner of Income Tax due to the tax effect being below the Rs.1 Crore threshold. However, the court left the...
![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]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax's (PCIT) order, agreeing that the Assessing Officer (AO) failed to conduct proper...
![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 PCIT's Order u/s 263 of Income Tax Act [Read Order]
Recently, Income Tax Appellate Tribunal ( ITAT ) of Ahmedabad directed for reassessment of an Assessee’s case, noting that there were inaccuracies in reporting share transactions in the relevant...
![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]")