![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]")
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...
![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]](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]](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]](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]")
Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the reassessment under section 147 of the Income Tax Act was not sustainable when reasons for initiation of proceedings ceased to...
![Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Reassessment-proceedings-ceased-to-survive-ITAT-Taxscan.jpg "Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]")
Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]
The Madras High Court unabsorbed depreciation is eligible for set off against income even after the lapse of eight years. The appellant, M/s. Harvey Heart Hospitals Ltd. is in the healthcare...
![Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Unabsorbed-depreciation-income-Madras-High-Court-Taxscan.jpeg "Unabsorbed Depreciation eligible for set off against Income even after lapse of eight years: Madras High Court [Read Judgment]")
![ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Quashes-Assessment-incorrect-facts-Taxscan.jpeg "ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]")
ITAT quashes levy of Penalty by AO for not Auditing Books of Accounts/ furnishing Report of Audit of Books of Accounts on due date of filing ITR
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed the levy of penalty by Assessing Officer (AO) for not auditing books of accounts/ furnishing reports of the audit of books of...
![Interest from Fixed Deposit taxable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-16-1.jpg "Interest from Fixed Deposit taxable as ‘Other Income’: ITAT [Read Order]")
![GPA Holder not liable for Income Tax on Sale of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Property-Tax-Taxscan.jpg "GPA Holder not liable for Income Tax on Sale of Property: ITAT [Read Order]")
Re-Assessment Notice should contain a 'Reason to believe' with supporting Evidence: Delhi HC [Read Judgment]
The Delhi High Court held that assessing officer can initiate the notice for re-assessment with the reasons to believe and with reference to any fresh tangible material. The writ petitions under...
![Re-Assessment Notice should contain a Reason to believe with supporting Evidence: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-3-1.jpg "Re-Assessment Notice should contain a Reason to believe with supporting Evidence: Delhi HC [Read Judgment]")