![Delhi HC Stays Time Barred Notice Issued u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Delhi-High-Court-Delhi-High-Court-Stays-Time-Barred-Notice-Stays-Time-Barred-Notice-Time-Barred-Notice-Notice-Income-Tax-Act-Income-Tax-Tax-News-TAXSCAN.jpg "Delhi HC Stays Time Barred Notice Issued u/s 148 of Income Tax Act [Read Order]")
Delhi HC Stays Time Barred Notice Issued u/s 148 of Income Tax Act [Read Order]
The Delhi High Court in a recent case, stayed the time-barred notice issued under section 148 of the Income Tax Act, 1961. Filatex India Ltd, the...
![ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-ITAT-quashes-reassessment-Income-Tax-Act-failure-assessee-taxscan.jpg "ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]")
![Relief to SIL Investments: Delhi HC upholds Deletion of Disallowance u/s 80M of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-to-SIL-Investments-Delhi-HC-Deletion-Disallowance-80M-Income-Tax-Act-TAXSCAN.jpg "Relief to SIL Investments: Delhi HC upholds Deletion of Disallowance u/s 80M of Income Tax Act [Read Order]")
![ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-TDS-Resident-Transporter-Payment-Threshold-Limit-TAXSCAN.jpg "ITAT deletes TDS demand against Resident Transporter of goods as Payment was less than Threshold Limit [Read Order]")
![No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Addition-Incriminating-Material-during-course-Search-conducted-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Addition can be made u/s 153A in absence of Incriminating Material found during course of Search conducted u/s 132 of Income Tax Act: ITAT [Read Order]")
Appeal against Assessment order passed u/s 143:Â Kerala HC directs to deposit Pre deposit of Assessed Tax [Read Order]
The Kerala High Court in a recent judgement has directed the petitioner assessee to deposit a deposit of assessed tax for appeal against the assessment order passed under section 143 of the Income...
Revisional Proceeding u/s 263 of Income Tax Act cannot be initiated in the event of 'Absence of Inquiry or Verification': ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that it is difficult to hold that the action of the AO is unintelligible as the revisionary proceeding was intiated in the event of...
![Revisional Proceeding u/s 263 of Income Tax Act cannot be initiated in the event of Absence of Inquiry or Verification: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Revisional-Proceeding-Income-Tax-Act-Absence-of-Inquiry-Verification-ITAT-taxscan.jpg "Revisional Proceeding u/s 263 of Income Tax Act cannot be initiated in the event of Absence of Inquiry or Verification: ITAT [Read Order]")
Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) confirmed the addition under Section 60 of the Income Tax Act, 1961 due to the failure of the assessee to prove the creditworthiness of the...
![Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Creditworthiness-of-Creditor-Genuineness-of-Transaction-ITAT-Income-Tax-Act-taxscan.jpg "Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]")
Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Dept's Appeal [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that advance payment made for the purchase of land stand establish as the same was through a banking channels and the bank certificate of...
![Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Payment-for-Purchase-of-Land-Deposit-in-Capital-Gain-Scheme-Account-Established-Advance-Payment-TAXSCAN.jpg "Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]")
Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the mere transfer of real estate and construction business is not a case of succession of the firm by a company...
![Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Mere-Transfer-Real-Estate-Construction-Business-Sale-Consideration-Capital-Gains-ITAT-taxscan.jpg "Mere Transfer of Real Estate and Construction Business is not Succession of firm, Sale Consideration not subject to Capital Gains: ITAT [Read Order]")
Power of Revision u/s 263 of Income Tax Act can't be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the power of revision under Section 263 of the Income Tax Act, 1961 cannot be exercised when there is proper enquiry made by the...
![Power of Revision u/s 263 of Income Tax Act cant be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Power-of-Revision-Income-Tax-Act-exercised-there-is-Proper-Enquiry-by-AO-ITAT-TAXSCAN.jpg "Power of Revision u/s 263 of Income Tax Act cant be exercised when there is Proper Enquiry made by AO: ITAT [Read Order]")
