Read all Latest Updates on and about Section 132 of the Act

Top

Begin typing your search above and press return to search.

Home
»
Section 132 of the Act

Mechanical and Generic Approval Under Section 153D Renders Entire Assessment Void: ITAT Cancels Penalties [Read Order]

Eeva Mary Sanil

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed penalty orders imposed under Sections 271(1)(c), 270A, and 271AAB of the...

Search & Seizure - Budget 2025 - Budget 2025 Proposes - Amend Provisions - Amend Provisions of Block Assessment - Block Assessment - Union Budget 2025 - Budget 2025 India - taxscan

Search & Seizure: Budget 2025 Proposes to Amend Provisions of Block Assessment

Relief to Revenue: Delhi HC Affirms AO’s Reassessment u/s 147 on basis of Third-Party search...

No Additions Permitted u/s 153A without Incriminating Material found during Search: ITAT [Read...

Excel Sheet Relating to Alleged Unaccounted Cash Sales from Nirav Modi Jewelry Store: ITAT dismisses...

Income Tax Authorities can Seek Interim Custody of Currency Notes Produced Before Magistrate: Kerala HC [Read Order]

In a recent case, the Court held that in the absence of a valid order of assessment and demand for income-tax, the party from whom the amount is seized, is entitled to seek interim custody. Section...

Kerala HC Dismisses Income Tax Appeal of Below Monetary Limit of Rs. 1 Crore [Read Order]

In a recent case, the Kerala High Court dismissed the income tax appeal filed by the income tax department as the tax effect was below the monetary limit of Rs. 1 crore. The Court observed that,...

Failure to Carry Investigation by AO: ITAT discredits Seized Loose Papers as Dumb Documents [Read Order]

Income Tax Appellate Tribunal (ITAT), Pune discredited seized loose papers as dumb documents on the ground of failure to carry investigation by Assessing Officer (AO). A search and survey...

Capital Gain arising from Sale of Land not Receipts from Business: ITAT deletes Penalty u/s 271 B [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench held that Capital gain arising from sale of land not receipts from business, thereby deleting penalty imposed under Section 271B of the Income Tax...

ITAT confirms Penalty levied u/s 271AAA on Admission of Undisclosed Income by Assessee [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai confirmed the penalty levied under Section 271 AAA on the ground of admission of undisclosed income by the assessee. The assessee, Dr. (Late)...

Section 153C Assessment to be based on incriminating documents or evidence discovered during search: Madras HC [Read Judgment]

The Madras High Court held that the Assessment under Section 153C has to be based on incriminating documents or evidence discovered during the search. The assessee, M/s.S.R.Trust is a...

Delegated Authority can Send Notice when It has ‘Reason to Believe’: Gujarat HC [Read Judgment]

In the case of Nathalal Maganlal Chauhan vs. State of Gujarat, the Gujarat High Court laid down the dictum that delegated authority can exercise the power to send the notice when he has the ‘reason to...