![Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bogus-Long-Term-Capital-Gain-Tax-Delhi-HC-taxscan.jpg "Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]")
Bogus Long Term Capital Gain claimed as Exempt Income is not allowable, Chargeable to Tax: Delhi HC [Read Order]
The Delhi High Court has held that bogus Long Term Capital Gain claimed as exempt income is not allowable and is chargeable to...
![Statutory Benefit of Capital Gain Exemption cannot be denied for Mere Inclusion of Wife’s Name on Purchase of New Property: Delhi HC quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Exemption-Delhi-HC-Re-Assessment-taxscan.jpeg "Statutory Benefit of Capital Gain Exemption cannot be denied for Mere Inclusion of Wife’s Name on Purchase of New Property: Delhi HC quashes Re-Assessment [Read Order]")
![Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Compensation-Tenant-Payment-WIP-ITAT-fresh-examination-taxscan.jpeg "Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]")
![Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/independent-disallowance-ITAT-rectification-order-taxscan.jpg "Section 194C (6) & (7) are independent of each other and cannot be read together to attract Disallowance u/s 40(a)(ia): ITAT quashes Rectification Order [Read Order]")
![Issuance of Notice u/s 148 to Unrelated Email Address is not Proper Service of Notice: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Notice-Delhi-HC-taxscan.jpeg "Issuance of Notice u/s 148 to Unrelated Email Address is not Proper Service of Notice: Delhi HC [Read Order]")
![Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-proceedings-ITAT-taxscan.jpeg "Penalty can be levied only on Charges for which Penalty proceedings were initiated: ITAT [Read Order]")
AO has No Jurisdiction to issue notice u/s 148 without recording valid satisfaction: Allahabad HC [Read Order]
A Division Bench of the High Court of Allahabad held that Assessing Officer (AO) has no jurisdiction to issue notice under Section 148 of Income Tax Act, 1961 without recording valid satisfaction. ...
![AO has No Jurisdiction to issue notice u/s 148 without recording valid satisfaction: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/AO-jurisdiction-Allahabad-HC-taxscan.jpeg "AO has No Jurisdiction to issue notice u/s 148 without recording valid satisfaction: Allahabad HC [Read Order]")
Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]
The High Court of Delhi has observed that the reassessment order cannot be passed without considering the reply of the assessee and held notice issued under section 148 of the Income Tax Act,1961 was...
![Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Re-Assessment-Order-Assessee-Delhi-HC-taxscan.jpeg "Re-Assessment Order cannot be passed without considering Reply of Assessee: Delhi HC [Read Order]")
![Creditworthiness of Lender not proved: Allahabad HC upholds order u/s 148A(d) as Legal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Creditworthiness-of-lender-Allahabad-HC-taxscan.jpeg "Creditworthiness of Lender not proved: Allahabad HC upholds order u/s 148A(d) as Legal [Read Order]")
Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order]
In a significant ruling, the Allahabad High Court has quashed a re-assessment order under section 147/148 of the Income Tax Act, 1961, passed by the income tax department demanding huge amount of tax...
![Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Allahabad-HC-Tax-Demand-Income-Tax-Dept-Abuse-Violation-of-Natural-Principles-taxscan.jpeg "Allahabad HC Quashes Huge Tax Demand: Income Tax Dept Slapped with Rs. 50 Lakhs Cost for Abuse of Power and Violation of Natural Principles [Read Order]")
Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]
On hearing the appeal against the order of CIT(A), the Varanasi bench of the Income Tax Appellate Tribunal (ITAT) held that denial of the claim of past savings will not sustainable when relevant...
![Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/claim-savings-ITAT-taxscan.jpeg "Denial on Claim of Past Savings will not sustainable when relevant details being furnished: ITAT [Read Order]")
![Bombay High Court quashes Re-Assessment Notices issued on or after 1st April 2021 [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Re-Assessment-Notices-Bombay-High-court.jpeg "Bombay High Court quashes Re-Assessment Notices issued on or after 1st April 2021 [Read Judgment]")