Income Tax Department’s Alleged Demand for Household Withdrawal Proof Sparks X Controversy: Fact or Fake?
A contentious post by CA Akhil Pachori condemning the income tax annexure and requesting that taxpayers maintain a record of all withdrawals with...
![ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-condones-delay-appeal-serious-dispute-partners-remands-case-fresh-assessment-costs-ITAT-Bangalore-taxscan-1.jpg "ITAT Condones Delay in Appeal Due to serious dispute among Partners, Remands Case for Fresh Assessment with Costs [Read Order]")
![ITAT quashes Assessment Order: Transfer of Case without Section 127 Order held as Jurisdictional Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Delhi-Assessment-Order-ITAT-Quashes-Assessment-Order-Section-127-Jurisdictional-Error-taxscan.jpg "ITAT quashes Assessment Order: Transfer of Case without Section 127 Order held as Jurisdictional Error [Read Order]")
![Ex-Parte Dismissal of Appeal Against Addition of Unexplained Income: ITAT Remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Ahmedabad-Ex-Parte-Dismissal-of-Appeal-Ex-Parte-Dismissal-of-Appeal-Unexplained-Income-taxscan.jpeg "Ex-Parte Dismissal of Appeal Against Addition of Unexplained Income: ITAT Remands Matter to CIT(A) [Read Order]")
![ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Deletes-Incorrect-Interest-Charges-ITAT-Deletes-ITAT-Delhi-Due-Date-for-Filing-Return-file-in-return-taxscan.jpg "ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]")
![ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-Assessing-Officer-ITAT-Directs-Income-Tax-Appellate-Tribunal-section-68-of-the-Income-Tax-Act-Confirming-Source-of-Investment-taxscan-2.jpg "ITAT directs AO to delete Additions u/s68, confirming Source of Investment [Read Order]")
![ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Visakhapatnam-ITAT-Deletes-Income-Tax-Appellate-Tribunal-unsecured-loans-Affirming-Validity-of-Sources-Validity-of-Sources-taxscan.jpg "ITAT deletes Addition made by AO for Unsecured Loans, affirming Validity of Sources [Read Order]")
Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]
Income Tax Appellate Tribunal ( ITAT ) in a recent case held that meeting statutory requirements of Section 148 of Income Tax Act 1961 ( ITA ) eliminates the need for separate notice under section...
![Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-ITA-section-148-of-Income-Tax-Act-Income-Tax-Act-ITAT-news-Income-tax-news-taxscan.jpg "Meeting requirements of section 148 of Income Tax Act eliminates need for Separate Notice u/s 143: ITAT [Read Order]")
Section 41(1) of Income Tax Act Cannot Be Invoked for Cessation of Trading Liability Due to Absence of Liability in Books: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that absence of liability in books of account, provision of Section 41(1) of Income Tax Act, 1961 cannot be invoked as cessation...
![Section 41(1) of Income Tax Act Cannot Be Invoked for Cessation of Trading Liability Due to Absence of Liability in Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Kolkata-Income-Tax-Section-411-of-Income-Tax-Act-Trading-Liability-Due-Absence-of-Liability-in-Books-Taxscan.jpg "Section 41(1) of Income Tax Act Cannot Be Invoked for Cessation of Trading Liability Due to Absence of Liability in Books: ITAT [Read Order]")
ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that ALP Adjustment is not permissible on a notional amount of royalty paid by an overseas subsidiary and confirmed the CIT(A)'s...
![ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ALP-Adjustment-Notional-Amount-Royalty-Paid-Overseas-Subsidiary-ITAT-taxscan.jpg "ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]")
Rejection of Certain Entries from Books of Account by Pick and Choose Method is Arbitrary: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that the rejection of certain entries from books of account by pick and choose method is arbitrary. On 30.11.2014, the respondent-assessee filed...
CBDT issues SOP for Handling cases related to substantial cash deposit during Demonetisation Period in which Notice u/s 142(1) has not been compiled [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has issued Standard Operating Proceedure (SOP) for handling cases related to substantial cash deposit during the demonetisation period in which the notice...
![CBDT issues SOP for Handling cases related to substantial cash deposit during Demonetisation Period in which Notice u/s 142(1) has not been compiled [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/12/CBDT-Due-Date-Taxscan.jpg "CBDT issues SOP for Handling cases related to substantial cash deposit during Demonetisation Period in which Notice u/s 142(1) has not been compiled [Read Circular]")