![CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-issues-Guidelines-Procedure-Complete-Scrutiny-ITRs-taxscan.jpg "CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]")
CBDT issues Guidelines and Procedure for Complete Scrutiny of ITRs during FY 2023-24 [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued guidelines for selection and procedure for the compulsory scrutiny of Income Tax Returns during...
![Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-Capital-Gain-Purchase-of-Property-Purchase-of-Property-Property-Husband-and-Son-ITAT-Income-Tax-taxscan.jpg "Capital Gain Exemption u/s 54F of Act Allowable for Purchase of Property along with Husband and Son: ITAT [Read Order]")
![AO Bound to give Explanation for Not Accepting Submissions of Assessee through a Speaking Order u/s 69 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Explanation-Assessee-Income-Tax-Act-ITAT-Income-Tax-Taxscan.jpg "AO Bound to give Explanation for Not Accepting Submissions of Assessee through a Speaking Order u/s 69 of Income Tax Act: ITAT [Read Order]")
![ITAT deletes Addition u/s 68B of IT Act on Unexplained Investment: Gujarat HC issues Returnable Notice for Final dispose [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Income-Tax-Act-Income-Tax-Tax-Unexplained-Investment-Investment-Gujarat-High-Court-Returnable-Notice-Notice-taxscan.jpg "ITAT deletes Addition u/s 68B of IT Act on Unexplained Investment: Gujarat HC issues Returnable Notice for Final dispose [Read Order]")
![No Information as to Purchase in Books of Accounts was adjusted for Purchase Return: ITAT restores matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Purchase-Purchase-in-Books-of-Accounts-Books-of-Accounts-Purchase-Return-ITAT-taxscan.jpg "No Information as to Purchase in Books of Accounts was adjusted for Purchase Return: ITAT restores matter [Read Order]")
Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) grants the opportunity to prove the genuineness and creditworthiness of shareholders as they file to prove the source of Investment. ...
![Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Source-of-Investments-ITAT-Investments-Genuineness-of-Shareholders-Creditworthiness-of-Shareholder-taxscan.jpg "Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]")
Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently in an appeal filed before it, held that imported goods re-exported by a unit duly approved by development commissioner of the...
![Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Imported-Goods-Re-Export-Development-Commissioner-SEZ-ITAT-taxscan.jpg "Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]")
Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]
Non- compliance due to delay in getting notice from the authority, the Allahabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that penalty under section 271(1)(b) is not sustainable. ...
![Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/notice-from-Authority-Penalty-ITAT-taxscan.jpeg "Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]")
![HUF can’t be Taxed after Its Partition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/HUF-Income-Tax-Taxscan.jpg "HUF can’t be Taxed after Its Partition: ITAT [Read Order]")
No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]
In recent case Income Tax Appellate Tribunal ( ITAT ), Jaipur held that even if some discrepancies were found during the survey resulting in surrender of income by the assessee, once the assessee has...
![No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]")
![Defect in Notice would invalidate Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Notice-Taxscan.jpg "Defect in Notice would invalidate Penalty Proceedings: ITAT [Read Order]")
Statement made during Survey admissible as Evidence If supported by Corroborative Evidence: Madras High Court [Read Judgment]
The Madras High Court has held that the statement made during a survey under Section 133A of the Income Tax Act has evidentiary value if the same is supported by corroborative evidence. In the...
![Statement made during Survey admissible as Evidence If supported by Corroborative Evidence: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/GST-AAR-Madras-High-Court-Taxscan.jpg "Statement made during Survey admissible as Evidence If supported by Corroborative Evidence: Madras High Court [Read Judgment]")