![Reassessment Notice Issued to a Non-Existing Company Is Invalid: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-Notice-Issued-Non-Existing-Company-Is-Invalid-Karnataka-HC-TAXSCAN.jpg "Reassessment Notice Issued to a Non-Existing Company Is Invalid: Karnataka HC [Read Order]")
Reassessment Notice Issued to a Non-Existing Company Is Invalid: Karnataka HC [Read Order]
The Karnataka High Court in a recent judgement has held that the reassessment notice issued under Income Tax Act, 1961 against a non-existing...
![Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/CITA-Matters-Pending-Before-CITA-for-Adjudication-Adjudication-Proceedings-ITAT-Taxscan.jpg "Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]")
![Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bajaj-Finance-Interest-Income-on-NPAs-Interest-Income-NPAs-Taxed-ITAT-Income-Taxscan.jpg "Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]")
![ITAT Orders Re-Adjudication as VAT Liability and EPF Amount Deposited on Time u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Orders-Re-Adjudication-VAT-Liability-and-EPF-Amount-Deposited-TAXSCAN.jpg "ITAT Orders Re-Adjudication as VAT Liability and EPF Amount Deposited on Time u/s 263 [Read Order]")
![Section 263 cannot be invoked on mere Non-Reference of Cash Transaction by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cash-Transaction-ITAT-Non-Reference-of-Cash-Transaction-by-AO-Non-Reference-of-Cash-Transaction-taxscan.jpg "Section 263 cannot be invoked on mere Non-Reference of Cash Transaction by AO: ITAT [Read Order]")
Assessment Order passed u/s 143 (3) against Dead Person without Issuing Notice to Legal Heirs is Void: Madras High Court [Read Order]
The Madras High Court held that the assessment order passed under section 143(3) of the Income Tax Act, 1961 against a dead person without issuing a notice to legal heirs is void. Prema...
![Assessment Order passed u/s 143 (3) against Dead Person without Issuing Notice to Legal Heirs is Void: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Madras-High-Court-Assessment-Order-passed-Dead-Person-without-Issuing-Notice-Dead-Person-Notice-Notice-to-Legal-Heirs-is-Void-Legal-Heirs-taxscan.jpg "Assessment Order passed u/s 143 (3) against Dead Person without Issuing Notice to Legal Heirs is Void: Madras High Court [Read Order]")
Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]
While entertaining the appeal filed by the Cricket Club of India (CCI), the Mumbai Bench of Income Tax of Appellate Tribunal (ITAT) upheld the view of the Assessing Officer (AO) which restricted the...
![Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Cricket-Club-of-India-Disallowance-Assessing-Officer-Dividend-income-Income-Tax-Income-Tax-Act-Tax-Income-Taxscan.jpg "Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]")
Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]
The Calcutta High Court quashed order on the ground that the invocation of revisionary jurisdiction on same issues for which reopening proceedings was done by the Assessing Officer (AO). The...
![Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Calcutta-High-Court-Revisionary-Jurisdiction-Calcutta-High-Court-quashes-Order-Reopening-proceedings-taxscan.jpg "Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]")
S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]
Pune Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to re-do the addition under section 56(2)(vii) of Income Tax Act, 1961 as Section 50C of Income Tax is not applicable to...
![S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Buyer-of-Property-ITAT-Re-do-Addition-TAXSCAN.jpg "S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]")
![Revision Order without DIN is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Revision-Order-DIN-ITAT-TAXSCAN.jpg "Revision Order without DIN is Invalid: ITAT [Read Order]")
Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]
In a major setback to the Congress Leader Kamal Nath, the Calcutta High Court has dismissed a petition by the former Chief Minister of Madhya Pradesh seeking transfer of income tax proceedings to...
![Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Kamal-Naths-Unaccounted-Cash-Transactions-Calcutta-HC-Transfer-Income-Tax-Delhi-TAXSCAN.jpg "Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]")