![Delhi High Court dismisses belated Review Petition against Proceedings u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delhi-High-Court-Review-Petition-Proceedings-Income-Tax-Act-Delhi-High-Court-dismisses-belated-Review-Petition-taxscan.jpg "Delhi High Court dismisses belated Review Petition against Proceedings u/s 148 of Income Tax Act [Read Order]")
Delhi High Court dismisses belated Review Petition against Proceedings u/s 148 of Income Tax Act [Read Order]
A Division Bench of the Delhi High Court recently dismissed a review petition belatedly filed against income tax proceedings under Section 148 of the...
![No Penalty u/s 271(1)(b) of Income Tax Act for Failure to Sign on “Consent Letter” not Authorized by the Government: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-penalty-us-2711b-of-Income-Tax-Act-for-failure-to-sign-on-Consent-Letter-authorized-by-the-Government-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(b) of Income Tax Act for Failure to Sign on “Consent Letter” not Authorized by the Government: ITAT [Read Order]")
![Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Compliance-with-Statutory-Notice-Statutory-Notice-ITAT-allows-Penalty-Exemption-ITAT-Penalty-Exemption-Penalty-taxscan.jpg "Compliance with Statutory Notice u/s 142(1): ITAT allows Penalty Exemption u/s 272(1) [Read Order]")
![Unsecured FCCDs issued to Holding Companies for Business Operations in India are Debts, not Equity Instruments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Unsecured-FCCDs-FCCD-Holding-Companies-Business-Operations-Holding-Companies-for-Business-Operations-Business-Operations-in-India-Business-Operations-in-India-are-Debts-Debts-ITAT-taxscan.jpg "Unsecured FCCDs issued to Holding Companies for Business Operations in India are Debts, not Equity Instruments: ITAT [Read Order]")
Onus is on AO to provide Reasons to Disbelieve Bank Statements and Supporting Documents for Reopening Assessment: Bombay HC [Read Order]
In a recent decision the Bombay High Court ruled that is the onus of the Assessing Officer (AO) to provide reasons to disbelieve bank statements and supporting documents for reopening assessment. ...
Notice U/s 142(1) Issued Against NRI during Peak of Covid-19: Madras HC Stays the Recovery Proceedings [Read Order]
The Madras High Court stayed the recovery proceedings against the Non-Resident Indian (NRI) since the notice under section 142(1) of the Income Tax Act, 1961 was issued in the Peak period of Covid 19...
![Notice U/s 142(1) Issued Against NRI during Peak of Covid-19: Madras HC Stays the Recovery Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Notice-NRI-Notice-Issued-Against-NRI-Notice-Issued-Against-NRI-during-Peak-of-Covid-19-Madras-High-Court-Madras-High-Court-Stays-the-Recovery-Proceedings-Recovery-Proceedings-Taxscan.jpg "Notice U/s 142(1) Issued Against NRI during Peak of Covid-19: Madras HC Stays the Recovery Proceedings [Read Order]")
![Huge Delay of 988 Days in filing Appeal cannot be condoned for Vague Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Appeal-Delay-Vague-Reasons-Reasons-ITAT-Taxscan.jpg "Huge Delay of 988 Days in filing Appeal cannot be condoned for Vague Reasons: ITAT [Read Order]")
![Vague Show Cause Notice: ITAT deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Show-Cause-Notice-ITAT-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Vague Show Cause Notice: ITAT deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]")
No Penalty to be Levied u/s 271(1)(b) for non-compliance of Section 142(1) of Income Tax Act: ITAT [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has held that no penalty shall be levied under Section 271(1)(b) of the Income Tax Act 1961 for non-compliance of section 142(1) of the...
![No Penalty to be Levied u/s 271(1)(b) for non-compliance of Section 142(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/No-Penalty-Penalty-Income-Tax-Act-ITAT-Income-Tax-tax-taxscan.jpg "No Penalty to be Levied u/s 271(1)(b) for non-compliance of Section 142(1) of Income Tax Act: ITAT [Read Order]")
Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]
The Bombay High Court observed that mere change of opinion does not provide jurisdiction to Assessing Officer (AO) to initiate proceeding under Section 147 of the Income Tax Act, 1961. The main...
![Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Change-of-Opinion-Jurisdiction-AO-Proceeding-Bombay-High-Court-taxscan-.jpg "Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]")
Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]
Pune bench of Income Tax Appellate Tribunal ( ITAT ) chaired by Viswanethra Ravi (Judicial Member) and Inturi Rama Rao (Accountant Member) deleted the penalty for non-compliance with the notice...
![Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Adjournment-Petition-Petition-ITAT-Penalty-Notice-taxscan-1.jpg "Inaction of AO in Disposing Adjournment Petition: ITAT Deletes Penalty for Non-Compliance with Notice u/s 142(1) [Read Order]")