Relief to Castrol India: Bombay HC quashes Reassessment Proceedings Initiated on change of Opinion [Read Order]
In a major relief to Castrol India, the Bombay High Court quashed re-assessment proceedings initiated on change of opinion. The petitioner...
![Assessment Strayed from Guidelines of Income Tax Act is Crucial for Reopening of Assessment: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Kerala-High-Court-Income-Tax-Reopening-of-Assessment-Guidelines-of-Income-Tax-Act-TAXSCAN.jpg "Assessment Strayed from Guidelines of Income Tax Act is Crucial for Reopening of Assessment: Kerala HC [Read Order]")
![Initiation of Reopening Proceedings under un-amended Provisions after Amendment: Supreme Court issues Notice to to Deloitte in Income Tax Dept SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-Supreme-Court-Reopening-Proceedings-Income-Tax-SLP-Special-Leave-Petition-taxscan.webp "Initiation of Reopening Proceedings under un-amended Provisions after Amendment: Supreme Court issues Notice to to Deloitte in Income Tax Dept SLP [Read Order]")
![Issue on Unexplained Cash Deposit u/s 69 A of Income Tax Act: Kerala HC dismisses Writ Petition on Availability of Statutory Remedy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Issue-Unexplained-Cash-Deposit-Income-Tax-Act-Kerala-HC-Writ-Petition-Availability-Statutory-Remedy-taxscan.jpg "Issue on Unexplained Cash Deposit u/s 69 A of Income Tax Act: Kerala HC dismisses Writ Petition on Availability of Statutory Remedy [Read Order]")
![Setback for St. John The Baptist Church: Kerala HC refuses to intervene in proceeding initiated under Section 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Kerala-High-Court-Income-Tax-St-John-The-Baptist-Church-Intervene-in-proceeding-TAXSCAN.jpg "Setback for St. John The Baptist Church: Kerala HC refuses to intervene in proceeding initiated under Section 148 of Income Tax Act [Read Order]")
Finance Bill 2024: Proposes Penalties for Failure to Register Certain Manufacturing Machines Under GST Special Procedure [Read Finance Bill]
Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 before Parliament on February 1st, unveiling key proposals that include significant changes to the existing tax laws. One...
Delhi HC quashes Reassessment Order passed u/s 148 of IT Act by AO on bereft of Independent Application of mind [Read Order]
In a recent case, the Delhi High Court quashed the reassessment order passed under Section 148 of the Income Tax Act, 1961, by assessing officers, highlighting a lack of independent application of...
![Delhi HC quashes Reassessment Order passed u/s 148 of IT Act by AO on bereft of Independent Application of mind [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-reassessment-order-IT-Act-TAXSCAN.jpg "Delhi HC quashes Reassessment Order passed u/s 148 of IT Act by AO on bereft of Independent Application of mind [Read Order]")
Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]
The Madras High Court quashed proceedings on escapement of income when there was document showing acknowledgement of Income Tax Officer ( ITO ) on filing reply to income tax notice. A notice under...
![Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Acknowledgment-of-ITO-ITO-Income-Tax-Notice-Madras-HC-Income-taxscan.jpg "Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]")
![ITAT Annual Digest [Part-32]](https://www.taxscan.in/wp-content/uploads/2024/01/annual-digest-2023-part-32.jpg "ITAT Annual Digest [Part-32]")
Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 68 of the Income Tax Act, 1961 made on presumptions and conjectures and also the failure of the...
![Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-of-AO-ITAT-deletes-Addition-Presumptions-and-Conjectures-Income-Tax-Appellate-Tribunal-Assessing-Officer-taxscan.jpg "Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]")
ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed readjudication in respect of stamp duty valuation upon the sale of inherited property to the brother. The assessee, Ranjita Rangnath...
![ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/stamp-duty-valuation-inherited-property-income-tax-directs-Re-adjudication-taxscan.jpg "ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]")
Suspicion and Conjecture cannot form a basis for triggering Reassessment Proceedings: Delhi HC quashes Impugned Notice issued u/s 148 [Read Order]
The Delhi High Court has quashed the impugned notice under Section 148 of the Income Tax Act, 1961, and held that the suspicion and conjecture cannot form a basis for triggering the reassessment...
