![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]")
Relief to Alembic Ltd: Gujarat HC allows Rs. 4 cr Income Tax Deduction u/s 80IA for Captive Power Plant [Read Order]
In a recent ruling, the Gujarat High Court allowed an income tax deduction of Rs. 4 crores under Section 80IA for the captive power plant of M/s...
![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]")
![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]")
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 245C(1) of Income Tax Act have not been fulfilled. ...
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]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to conduct a fresh assessment due to the inadequacy of the inquiry into the source of fresh...
![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 Department's Order cancelling Tax Exemption [Read Order]
In a major relief to Oxfam India, the Delhi High Court stayed income tax department’s order cancelling tax exemption. The counsel representing the respondents, took a preliminary objection to the...
![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]")