![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]")
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...
![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]](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]](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]](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]")
CBDT Issues Instructions on Revised Timelines and Limits for Withholding Refunds under Section 245(2) of Income-tax Act [Read Order]
The Central Board of Direct Taxes (CBDT) vide Instruction No. 02/2023 dated November 10, 2023 has notified the Instruction regarding revision of timelines and monetary limits as well as revision of...
![CBDT Issues Instructions on Revised Timelines and Limits for Withholding Refunds under Section 245(2) of Income-tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Limits-for-Withholding-Refunds-Revised-Timelines-Withholding-Refunds-Limits-for-Withholding-Income-tax-Act-Income-tax-Income-Tax-News-TAXSCAN.jpg "CBDT Issues Instructions on Revised Timelines and Limits for Withholding Refunds under Section 245(2) of Income-tax Act [Read Order]")
ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench, quashed the revision order passed under Section 263 of the Income Tax Act, 1961, without following the principle of natural justice in respect...
![ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-quashes-Revision-Order-Natural-Justice-Principle-Fixed-Assets-Revision-Order-ITAT-Income-Tax-Act-Income-Tax-TAXSCAN.jpg "ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]")
Section 264 can be Triggered for Making Corrections When Assesee Fails to Claim Amenable Deduction under Income Tax Act: Delhi HC [Read Order]
The Delhi High Court held that Section 264 of the Income Tax Act, 1961 can be triggered for making corrections when the assessee fails to claim amenable deduction under the Income Tax Act,...
![Section 264 can be Triggered for Making Corrections When Assesee Fails to Claim Amenable Deduction under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corrections-Triggered-for-Making-Corrections-When-Assesee-Fails-to-Claim-Claim-taxscan.jpg "Section 264 can be Triggered for Making Corrections When Assesee Fails to Claim Amenable Deduction under Income Tax Act: Delhi HC [Read Order]")
Office Memorandums by CBDT not Operate as Fetter on Commissioner as it is a Quasi-Judicial Authority: Kerala HC Allows to Deposit orders of Lesser Amount than 20% in Pending Appeal [Read Order]
A Single Bench of Income Tax Appellate Tribunal (ITAT) has allowed to grant deposit orders of lesser amount than 20% in pending appeal as the office memorandums issued by Central Board of Direct...
Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has held that non responding and non-complaining before Principal Commissioner of Income Tax (PCIT) when issue was restored to the Assessing...
![Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Responding-and-Non-Complaining-before-PCIT-when-issue-Restored-Proper-Enquiries-Revision-Illegal-Maintainable-ITAT-TAXSCAN.jpg "Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]")
Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the delay condonation in the interest of the public and held that the appeal was filed in a delay of 324 days having lost the...
![Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Appeal-Delay-Consequential-Proceedings-ITAT-Delay-Condonation-in-Interest-of-Public-Interest-Public-TAXSCAN.jpg "Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]")