![Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delhi-HC-Pre-Consultation-Notice-Income-Tax-Act-taxscan.jpg "Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]")
Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]
A division bench of the Delhi High Court, while considering a writ petition, has quashed a pre-consultation notice issued under section 148A(d) of...
![Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/cash-deposit-additional-evidence-assessee-ITAT-taxscan-.jpeg "Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]")
![Assumption of Jurisdiction by Assessing Authority beyond period of 4 years is not barred by Limitation in the absence of Full and True Disclosure u/s 147: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/jurisdiction-assessing-authority-Madras-HC-taxscan.jpeg "Assumption of Jurisdiction by Assessing Authority beyond period of 4 years is not barred by Limitation in the absence of Full and True Disclosure u/s 147: Madras HC [Read Order]")
![Deposits were made from Past Savings and Earnings of entire family for Study Visa requirement of son: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Deposits-Savings-and-Earnings-Study-Visa-requirement-ITAT-Income-Tax-Addition-taxscan.jpeg "Deposits were made from Past Savings and Earnings of entire family for Study Visa requirement of son: ITAT deletes Income Tax Addition [Read Order]")
![Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/independent-disallowance-ITAT-rectification-order-taxscan.jpg "Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]")
Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad set aside proceedings under Section 147 on the ground that Re assessment framed for escapement of income by a share trading business that does not...
![Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Re-assessment-income-business-assessee-ITAT-taxscan.jpeg "Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]")
'True Copies' submitted before Income Tax Authorities do not have Evidentiary Value: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the “true copies” submitted before the income tax authorities do not have evidentiary value under the Income Tax Act, 1961. ...
![True Copies submitted before Income Tax Authorities do not have Evidentiary Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidentiary-Value-ITAT-taxscan.jpg "True Copies submitted before Income Tax Authorities do not have Evidentiary Value: ITAT [Read Order]")
Re-Assessment proceedings initiated beyond the Limitation Period are not sustainable: Calcutta HC [Read Order]
The Calcutta High Court held that the reassessment proceedings initiated beyond the limitation period are not sustainable. The petitioner, SS Commotrade Private Limited challenged the order dated...
![Re-Assessment proceedings initiated beyond the Limitation Period are not sustainable: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Re-assessment-HC-taxscan.jpeg "Re-Assessment proceedings initiated beyond the Limitation Period are not sustainable: Calcutta HC [Read Order]")
No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]
In the absence of documents to substantiate the TDS deduction by the principal before the payment of sale, the Surat bench of the Income Tax Appellate Tribunal (ITAT) has extended the disallowance to...
![No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-TDS-deduction-payment-of-sale-ITAT-taxscan.jpg "No Documents to substantiate TDS Deduction by Principal before Payment of Sale: ITAT extends disallowance to 6% [Read Order]")
Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi set aside the dismissal of the appeal stating noncompliance under Section 249(4)(b) on the ground of misconception of facts. The assessee, Tulsi...
![Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/case-ITAT-appeal-taxscan.jpeg "Misconception on facts of Case: ITAT sets aside Dismissal of Appeal stating Non-Compliance u/s 249(4)(b) [Read Order]")
Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]
In a move to tighten the rules for the Trusts and curb tax evasion, the Central Board of Direct Taxes (CBDT) has notified a list of documents to get the list of documents to avail the income tax...
![Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Dept-Trusts-Books-of-Accounts-Exemption-taxscan.jpg "Income Tax Dept tightens Rules for Trusts: Books of Accounts to be Maintained to claim Exemption [Read Notification]")
Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench presided by Pawan Singh, Judicial Member, and Dr. Arjun Lal Saini, Accountant Member has held that delay in filing Income Tax Return under bona...
![Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Return-Bonafide-Belief-Taxable-Income-ITAT-Penalty-taxscan.jpeg "Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]")