![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT (A)] has not adjudicated the issues...
![Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Allotment-of-Shares-in-Scheme-of-Amalgamation-is-not-Construed-as-Transfer-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]")
![Bombay HC quashes Income Tax Notice seeking Reopening of Assessment on Incorrect Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Bombay-High-Court-Income-Tax-Notice-Income-Tax-Notice-Reopening-of-Assessment-Assessment-Incorrect-Facts-Taxscan.jpg "Bombay HC quashes Income Tax Notice seeking Reopening of Assessment on Incorrect Facts [Read Order]")
![Failure by Authorities to provide necessary Documents Results in Denial of Justice: ITAT directs AO to provide Requisite Documents to Assessee for Reasonable Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-by-Authorities-to-provide-necessary-Documents-results-in-denial-of-Justice-ITAT-AO-requisite-documents-to-Assessee-for-reasonable-opportunity-TAXSCAN.jpg "Failure by Authorities to provide necessary Documents Results in Denial of Justice: ITAT directs AO to provide Requisite Documents to Assessee for Reasonable Opportunity [Read Order]")
![Actual Sale Consideration to be taken as Basis for Computing Long-Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Actual-Sale-Sale-Actual-Sale-Consideration-Consideration-ITAT-taxscan.jpg "Actual Sale Consideration to be taken as Basis for Computing Long-Term Capital Gain: ITAT [Read Order]")
![AO refused to Consider Bank Statement and DMAT account of Assesee: Delhi HC Sets aside Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-Bank-Statement-DMAT-account-Assesee-Delhi-highcourt-Reassessment-taxscan.jpg "AO refused to Consider Bank Statement and DMAT account of Assesee: Delhi HC Sets aside Reassessment Order [Read Order]")
Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]
The Bombay High Court quashed assessment notice issued under Section 148 of the Income Tax Act, 1961 on absence of failure on the part of the assessee, Shree Realtors Private Limited, to truly and...
![Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Bombay-HC-Quashes-Assessment-Notice-Income-Tax-Act-on-Absence-of-Failure-on-part-of-assessee-to-Truly-and-Fully-Disclose-Material-Fact-TAXSCAN.jpg "Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]")
Misinformation regarding PAN number Provided to AO triggers Reassessment Proceedings: Delhi HC sets aside Reassessment Order [Read Order]
A Division Bench of Delhi High Court set aside the reassessment order passed under Section 148A(d) of the Income Tax Act, 1961 on grounds of misinformation regarding the Permanent Account Number...
![Misinformation regarding PAN number Provided to AO triggers Reassessment Proceedings: Delhi HC sets aside Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/PAN-number-Misinformation-AO-triggers-Reassessment-Proceedings-AO-Reassessment-Proceedings-Delhi-HC-sets-aside-Reassessment-Order-Reassessment-Order-Delhi-High-Court-taxscan.jpg "Misinformation regarding PAN number Provided to AO triggers Reassessment Proceedings: Delhi HC sets aside Reassessment Order [Read Order]")
Reassessment Order passed without considering Rectification made on TDS Return: Delhi HC Sets aside Order [Read Order]
The Delhi High Court set aside the reassessment order passed without considering rectification made on Tax Deducted at Source (TDS) return. Siemens Industry Software, the petitioner’s grievance is...
![Reassessment Order passed without considering Rectification made on TDS Return: Delhi HC Sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Reassessment-Order-Rectification-TDS-Return-TDS-Delhi-HC-Sets-aside-Order-Delhi-High-Court-taxscan.jpg "Reassessment Order passed without considering Rectification made on TDS Return: Delhi HC Sets aside Order [Read Order]")
No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of professional receipts as undisclosed income is not tenable. The assessee was engaged in professional service...
![No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Illegality-No-Illegality-in-Adopting-Presumptive-Tax-Adopting-Presumptive-Tax-Presumptive-Tax-Tax-Professional-Receipts-Professional-Receipts-from-Fashion-Designer-Fashion-Designer-ITAT-Taxscan.jpg "No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]")
![No Omission or Non-disclosure on Part of Assessee: Bombay HC Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Omission-Non-disclosure-on-Part-of-Assessee-Bombay-HC-Quashes-Re-Assessment-Non-disclosure-Re-Assessment-Bombay-High-Court-taxscan.jpeg "No Omission or Non-disclosure on Part of Assessee: Bombay HC Quashes Re-Assessment [Read Order]")
Addition of Amount of Security Deposit to Taxable Income of Jindal Construction can't be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that mere non completion certificate by the Developer isnot an enough ground to delete addition of scrutiny deposit. The case of...
![Addition of Amount of Security Deposit to Taxable Income of Jindal Construction cant be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-of-Amount-of-Security-Deposit-to-Taxable-Income-of-Jindal-Construction-cant-be-deleted-Merely-Relying-on-Certificate-of-Non-Completion-of-Construction-ITAT-TAXSCAN.jpg "Addition of Amount of Security Deposit to Taxable Income of Jindal Construction cant be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]")