![Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Issuance-of-Notice-Dead-Person-ITAT-AO-Assessment-Order-Income-Tax-Act-taxscan.jpg "Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]")
Issuance of Notice in Name of Dead Person is not Valid: ITAT directs AO to quash Assessment Order u/s 143 (3) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to quash the assessment order issued under Section 143(3) of the...
![Supreme Court Condones Income Tax Depts Delay in SLP Filing Against Telangana HC Decision on Assessment Order, Issues Notice [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/05/Supreme-Court-Assessment-Order-Special-Leave-Petition-taxscan.jpg "Supreme Court Condones Income Tax Depts Delay in SLP Filing Against Telangana HC Decision on Assessment Order, Issues Notice [Read Judgement]")
![Identity, Creditworthiness of Shares Subscribing Companies, Transaction Genuineness Proven: ITAT deletes addition of 40 Lakhs u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Kolkata-Income-Tax-Section-411-of-Income-Tax-Act-Trading-Liability-Due-Absence-of-Liability-in-Books-Taxscan-1.jpg "Identity, Creditworthiness of Shares Subscribing Companies, Transaction Genuineness Proven: ITAT deletes addition of 40 Lakhs u/s 68 of Income Tax Act [Read Order]")
![AOÂ cannot rectify an issue which already decided by way of appeal by CIT(A): ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-rectify-appeal-CITA-ITAT-addition-taxscan.jpg "AOÂ cannot rectify an issue which already decided by way of appeal by CIT(A): ITAT deletes addition [Read Order]")
New SCN u/s 148 of Income Tax Act shall be Issued for Issues Not Previously Raised: Madras HC [Read Order]
In a recent ruling, the Madras High court ruled that a new Show Cause Notice ( SCN ) under Section 148 of the Income Tax Act, 1961 shall be issued for the issues not previously raised. The department...
![New SCN u/s 148 of Income Tax Act shall be Issued for Issues Not Previously Raised: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Section-148-Income-Tax-Act-Show-Cause-Notice-SCN-Income-tax-Income-tax-news-taxscan.jpg "New SCN u/s 148 of Income Tax Act shall be Issued for Issues Not Previously Raised: Madras HC [Read Order]")
Interest not Leviable from Assessee for Short Payment of Tax due to Payer's Default in TDS Deduction: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that interest is not leviable from the assessee for short payment of tax due to payer's default in  Tax Deduct at Source ( TDS ). It...
![Interest not Leviable from Assessee for Short Payment of Tax due to Payers Default in TDS Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Short-payment-of-tax-due-Payers-default-TDS-deduction-TAXSCAN.jpg "Interest not Leviable from Assessee for Short Payment of Tax due to Payers Default in TDS Deduction: ITAT [Read Order]")
Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]
A Division bench of the Bombay High Court has held that reopening of Income Tax assessment on the sole basis of change of opinion is invalid when the same is barred by limitation. The petitioner...
![Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reopening-Income-Tax-Assessment-Change-of-Opinion-Invalid-barred-by-Limitation-Bombay-HC-taxscan.jpg "Reopening of Income Tax Assessment on Change of Opinion Invalid when barred by Limitation: Bombay HC [Read Order]")
Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]
A Division bench of the Bombay High Court has held that the Taxation and Other Laws (Relaxation and Amendment of certain provisions) Act, 2020 is not applicable for FY 2014-15. The petitioner is...
![Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxation-Laws-Relaxation-and-Amendment-certain-provisions-Act-2020-applicable-FY-2015-16-Bombay-HC-taxscan.jpg "Taxation and other Laws (Relaxation and Amendment of certain provisions) Act, 2020 not applicable for FY 2014-15: Bombay HC [Read Order]")
Sanctioning Authority should be PCCIT for Issuing Reopening Notice after Expiry of 3 Years: Bombay HC [Read Order]
The Bombay High Court held that the sanctioning authority should be the Principal Chief Commissioner of Income Tax ( PCCIT ) for issuing reopening notice after expiry of 3 years. Petitioner is...
No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of Rs. 52.9 lakhs as there is no Long Term Capital Gain ( LTCG ) liability, given that the property sold was...
![No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-LTCG-Liability-Property-Sold-Agricultural-Land-Placed-on-Record-Computation-Total-Income-ITAT-taxscan.jpg "No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]")