![Calcutta HC Grants Stay against Initiation of Reassessment Proceedings Beyond 6 years in Relation to Fraudulent Reversal of Stocks in Stock Exchange [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Calcutta-High-Court-Reassessment-proceedings-stay-against-Initiation-of-Reassessment-Proceedings-Beyond-6-years-Fraudulent-Reversal-of-Stocks-in-Stock-Exchange-Stock-exchange-Taxscan.jpg "Calcutta HC Grants Stay against Initiation of Reassessment Proceedings Beyond 6 years in Relation to Fraudulent Reversal of Stocks in Stock Exchange [Read Order]")
Calcutta HC Grants Stay against Initiation of Reassessment Proceedings Beyond 6 years in Relation to Fraudulent Reversal of Stocks in Stock Exchange [Read Order]
A Single Bench of Justice Krishna Rao of Calcutta High Court granted stay to the reassessment proceedings against the petitioner beyond 6 years with...
![Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Issuance-of-Proper-Notice-Income-Tax-Act-before-Passing-Assessment-Order-ITAT-Quashes-Order-TAXSCAN.jpg "Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]")
![ITAT quashes Reassessment Order passed without issuing Valid Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quash-reassessment-order-issue-Valid-Notice-Income-Tax-Act-taxscan.jpg "ITAT quashes Reassessment Order passed without issuing Valid Notice u/s 148 of Income Tax Act [Read Order]")
![Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-made-Unexplained-Investment-Income-Tax-Act-Proper-Application-Mind-ITAT-Deletes-Addition-TAXSCAN.jpg "Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]")
ITAT quashes Assessment Order passed during Covid-19 without Providing Proper Opportunity to Assesee [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has quashed the assessment order passed during the Covid -19 period without providing proper opportunity to the assessee. The assessee...
![ITAT quashes Assessment Order passed during Covid-19 without Providing Proper Opportunity to Assesee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-passed-during-Covid-19-Proper-Opportunity-to-Assesee-ITAT-quashes-Assessment-Order-Assessment-Order-ITAT-taxscan.jpg "ITAT quashes Assessment Order passed during Covid-19 without Providing Proper Opportunity to Assesee [Read Order]")
No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 69A of the Income Tax Act 1961 if repaid loan transactions are recorded in book of...
![No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Income-Tax-Act-Loan-Transactions-Records-in-Book-of-Accounts-Book-of-Accounts-Loan-Transactions-ITAT-Taxscan.jpg "No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]")
Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]
A Division Bench of the Delhi High Court quashed the order under Section 148A(d) of Income Tax Act, 1961 and an assessment notice issued against non-existent partnership firm. The petitioner,...
![Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delhi-High-Court-Delhi-HC-quashes-Order-Income-Tax-Act-Assessment-Notice-Non-Existent-Partnership-Firm-Partnership-Firm-taxscan.jpg "Delhi HC quashes Order u/s 148A(d) of Income Tax Act and Assessment Notice Issued against Non-Existent Partnership Firm [Read Order]")
ITAT quashes Time Barred Reassessment Notice Issued u/s 148 of Income Tax Act based on Information from Investigation Wing regarding Bogus Expense
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has quashed a time barred reassessment notice issued under Section 148 of Income Tax Act 1961 based on information from investigation wing...
Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order passed by the assessing officer against a deceased person by issuing notice under section 148 of the Income Tax Act,1961...
![Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment.jpg "Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]")
Jurisdiction of “Specified Authority u/s 151 of Income Tax Act not Challenged: Calcutta HC Dismisses Writ Petition [Read Order]
The Calcutta High Court dismissed a writ petition as the jurisdiction of “Specified Authority under Section 151 of the Income Tax Act, 1961is not challenged. The petitioner, Expandable Enterprises...
![Jurisdiction of “Specified Authority u/s 151 of Income Tax Act not Challenged: Calcutta HC Dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Jurisdiction-of-Specified-Authority-us-151-of-Income-Tax-Act-Calcutta-HC-dismisses-the-writ-petition-TAXSCAN.jpg "Jurisdiction of “Specified Authority u/s 151 of Income Tax Act not Challenged: Calcutta HC Dismisses Writ Petition [Read Order]")
Writ Petition Maintainable to Question Initiation of Proceedings u/s 148 of Income Tax Act: Bombay HC [Read Order]
The Bombay High Court ruled that a writ petition is maintainable to question initiation of proceedings under Section 148 of the Income Tax Act, 1961. The challenge raised in the writ petition...
![Writ Petition Maintainable to Question Initiation of Proceedings u/s 148 of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Writ-Petition-Maintainable-to-Question-Initiation-of-Proceedings-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "Writ Petition Maintainable to Question Initiation of Proceedings u/s 148 of Income Tax Act: Bombay HC [Read Order]")