Non Fulfilment of Conditions Prescribed in Provisions of Section 245C(1) of Income Tax Act: Kerala HC Dismisses Writ Petition
In a single judge verdict of the Kerala High Court rejected the assessee’s writ petition as the conditions prescribed in the provisions of Section...
![Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on available Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Delhi-Income-Tax-ITAT-on-Source-of-capital-Evidence-based-on-tax-assessment-Source-of-Fresh-Capital-AO-Inquiry-Failure-taxscan.jpg "Failure of AO to conduct Proper Inquiry in source of Fresh Capital: ITAT directs AO to conduct Fresh Assessment based on available Evidence [Read Order]")
![Relief to Oxfam India: Delhi HC stays Income Tax Departments Order cancelling Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Tax-exemption-Oxfam-India-Delhi-High-Court-Income-Tax-Department-taxscan.jpg "Relief to Oxfam India: Delhi HC stays Income Tax Departments Order cancelling Tax Exemption [Read Order]")
![Section 248 of Income Tax Act is inapplicable to Declaration and Distribution of Dividend by Company to its Shareholders: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/madras-high-court-madras-hc-Madras-HC-judgment-on-dividend-taxation-Dividend-distribution-and-taxation-taxscan.jpg "Section 248 of Income Tax Act is inapplicable to Declaration and Distribution of Dividend by Company to its Shareholders: Madras HC [Read Order]")
![Section 115BBE of Income Tax Act cannot be held Unconstitutional on ground that there is Apprehension of Misuse: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Unconstitutional-Apprehension-of-Misuse-Delhi-HC-delhi-high-court-taxscan.jpg "Section 115BBE of Income Tax Act cannot be held Unconstitutional on ground that there is Apprehension of Misuse: Delhi HC [Read Order]")
Mere fact that employees efficiency improves with learnings acquired through seminars cannot be treat such expenses as Capital Expenditures: Delhi HC [Read Order]
The Delhi High Court has held that the mere fact that an employee's efficiency improves with learnings acquired through seminars cannot be treated as such expenses as capital expenditures. The...
No Opportunity of Hearing to Assessee required when Transfer of Income Tax Case is within same City, Locality or Place: ITAT
In a major decision, the Income Tax Appellate Tribunal (ITAT) held that no opportunity of hearing was required to be afforded to assessee when there is a transfer of Income Tax Case at the tribunal...
Corpus Specific Voluntary Contribution is a Capital Receipt and can't be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the corpus-specific voluntary contribution is a capital receipt and cannot be offered to tax in the case of trust not registered...
![Corpus Specific Voluntary Contribution is a Capital Receipt and cant be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Capital-Receipt-ITAT-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Corpus Specific Voluntary Contribution is a Capital Receipt and cant be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]")
No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]
In a recent case, the Delhi High Court, while upholding the order of the Income Tax Appellate Tribunal, held that no addition should be made on the supervisory and risk management expenses incurred...
![No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/No-addition-shall-be-made-Supervisory-and-Risk-Management-Expenses-Risk-Management-Expenses-Insurance-Brokerage-Business-Delhi-High-Court-ITAT-Income-Tax-TAXSCAN-4.jpg "No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]")
PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]
The Kerala High Court while dismissing the writ petition has held that Principal Commissioner of Income Tax (PCIT) under section 119(2) (b) of the Income Tax Act, 1961 has no power to consider merits...
![PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/PCIT-Condoning-Delay-in-Filing-Return-Kerala-High-Court-Writ-Petition-Merits-of-Claim-Condoning-Delay-.jpg "PCIT u/s 119(2) (b) has no power to consider Merits of Claim while Condoning Delay in Filing Return: Kerala HC dismisses Writ Petition [Read Order]")
PCIT has No Power to Consider Merits of Refund Application under Income Tax Act: Kerala HC [Read Order]
The Kerala High Court has held that the Principal Commissioner of Income Tax (PCIT) has no power to consider the merits of refund application under the Income Tax Act, 1961. Kaizen Projects and...
![PCIT has No Power to Consider Merits of Refund Application under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Principal-Commissioner-of-Income-Tax-Merits-of-Refund-Application-Refund-Application-Income-Tax-Act-Kerala-High-Court-TAXSCAN.jpg "PCIT has No Power to Consider Merits of Refund Application under Income Tax Act: Kerala HC [Read Order]")
PCIT has no Jurisdiction to Revise Assessment u/s 263 of the Income Tax Act When Assessment Order Attained Finality by Court Order: Madras HC [Read Order]
The Madras High Court has held that the Principal Commissioner of Income Tax (PCIT) has no jurisdiction to revise the assessment under section 263 of the Income Tax Act when the assessment order...
![PCIT has no Jurisdiction to Revise Assessment u/s 263 of the Income Tax Act When Assessment Order Attained Finality by Court Order: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Madras-High-Court-Assessment-Order-Court-Order-Jurisdiction-taxscan.jpg "PCIT has no Jurisdiction to Revise Assessment u/s 263 of the Income Tax Act When Assessment Order Attained Finality by Court Order: Madras HC [Read Order]")