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Income Tax Deposit already made under IDS: Bombay HC directs Dept to Issue Certificates [Read Order]

Manu Sharma

The Bombay High Court directed the tax department to issue necessary certificates to the assessee, who has fully paid all dues under the Income...

Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]

Income Tax Reassessment Initiation must be Evaluated Separately from AO's Post-Reopening Powers:...

Budget 2024 - FM proposes New Block Assessment Scheme for Search Cases - TAXSCAN

Budget 2024-25: FM proposes New Block Assessment Scheme for Search Cases

ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read...

Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.16.4 lakhs after the taxpayer provided a proper explanation and documentary evidence for their agricultural...

Auction based on quashed Exparte ITAT Order: Punjab & Haryana HC imposes Cost on Income Tax Authorities [Read Order]

The Punjab and Haryana High Court has held that the auction proceedings based on a quashed ex-parte income tax appellate tribunal ( ITAT ) order by the tax recovery officer are void ab initio. M/s...

Income Tax Faceless Assessment Provision Violation: Madhya Pradesh HC halts passing Final Orders, Lists case on 1st July [Read Order]

The Madhya Pradesh High Court has put a halt on the passing of final orders in a case concerning the violation of provisions related to Income Tax Faceless Assessment, with the case scheduled for...

AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the notice issued under Section 148 of the Income Tax Act, 1961 as the Assessing Officer failed to verify the genuineness of...

AO fails to issue notice u/s 148 of Income Tax Act against all Legal Heirs, Issues only against Deceased: ITAT deletes Addition [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition on grounds that the Assessing Officer ( AO ) failed to issue a notice under Section 148 of the Income Tax Act,...

AO cannot Traverse beyond its Mandate to Assume Jurisdiction u/s 147 of Income Tax Act: Delhi HC [Read Order]

The Delhi High Court recently held that the Assessing Officer cannot traverse beyond its mandate to assume jurisdiction under Section147 of the Income Tax Act, 1961. The present writ petition has...

Reassessment Proceedings of already concluded Reassessment: Delhi HC quashes order passed u/s 148(A)(d) of Income Tax Act [Read Order]

In a significant case, the Delhi High Court quashed the order passed under Section 148(A)(d) of Income Tax Act and observed that the reassessment proceedings of the assessment year 2015-16 had...

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