![Interest u/s 24(b) of Income Tax Act allowable when Charging for Income Receivable and Income is Approved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Income-Tax-Act-Charging-Income-Receivable-Income-Approved-ITAT-TAXSCAN.jpg "Interest u/s 24(b) of Income Tax Act allowable when Charging for Income Receivable and Income is Approved: ITAT [Read Order]")
Interest u/s 24(b) of Income Tax Act allowable when Charging for Income Receivable and Income is Approved: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest under Section 24(b) of the Income Tax Act 1961 which allows...
![Different View taken by AAR cannot be Sufficient Basis for Income Tax Officer to Believe Escapement of Income: Bombay HC quashes Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AAR-Income-Tax-Officer-Income-Tax-Income-Assessment-Notice-Assessment-Notice-Different-View-taken-by-AAR-Bombay-HC-quashes-Assessment-Notice-Taxscan.jpg "Different View taken by AAR cannot be Sufficient Basis for Income Tax Officer to Believe Escapement of Income: Bombay HC quashes Assessment Notice [Read Order]")
![Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-assessment-Income-Tax-Act-After-Expiry-of-Four-years-from-End-of-Relevant-Year-of-Assessment-is-Invalid-ITAT-TAXSCAN.jpg "Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]")
![Assessment Order cannot Target Sole Legal Heir of Deceased Assessee Alone: Delhi HC sets aside Rs. 10 Crores Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-cannot-Target-Sole-Legal-Heir-of-Deceased-Assessee-Alone-Delhi-HC-TAXSCAN.jpg "Assessment Order cannot Target Sole Legal Heir of Deceased Assessee Alone: Delhi HC sets aside Rs. 10 Crores Demand [Read Order]")
Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that mere citing of different Permanent Account Number (PAN) by the assessee and assessee officer could not be a ground for dismissal...
![Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Citing-Different-PAN-Assessee-Assessing-Officer-Ground-Dismissal-Appeal-ITAT.jpg "Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]")
Issuance of Notice and Initiation of Reassessment Beyond Six Years is Barred by limitation: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court held that issuance of notice and initiation of reassessment beyond six years is barred by limitation. Coplama Products Private Limited, the petitioner has...
Onus is on AO to provide Reasons to Disbelieve Bank Statements and Supporting Documents for Reopening Assessment: Bombay HC [Read Order]
In a recent decision the Bombay High Court ruled that is the onus of the Assessing Officer (AO) to provide reasons to disbelieve bank statements and supporting documents for reopening assessment. ...
![Co-owner Showing Different Capital Gains Amount not a Ground to Reopen Assessment: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-owner-Showing-Different-Capital-Gains-Amount-Reopen-Assessment-Gujarat-HC-TAXSCAN.jpg "Co-owner Showing Different Capital Gains Amount not a Ground to Reopen Assessment: Gujarat HC [Read Order]")
Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]
In a major relief to Milton Plastics Limited, the Bombay High Court quashed the re assessment notice in the absence of material to form the basis for assumption of jurisdiction. By the writ...
![Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Milton-Plastics-Re-Assessment-Notice-Assumption-Jurisdiction-TAXSCAN.jpg "Relief to Milton Plastics: Bombay HC quashes Re Assessment Notice in absence of material for basis for Assumption of Jurisdiction [Read Order]")
Notice u/s 148 issued to a Non-Existing Company Despite having Knowledge about Amalgamation is not valid: Calcutta HC [Read Order]
In a recent judgement, the Calcutta High Court (HC) has held thata notice under 148 of the Income Tax Act, 1961 issued to a non-existing company despite having knowledge about its amalgamation is not...
