![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]")
Entire expenses claimed as Compensation and Tenant Payment not to be capitalised as WIP: ITAT orders Fresh Examination [Read Order]
The Income Tax Appellate Tribunal (ITAT), ordered a fresh examination on the consideration that Entire expenses claimed as Compensation and Tenant...
![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]](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]")
Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-opening of an assessment cannot be done in a mechanical manner and on the basis of change of opinion by the Assessing...
![Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Re-opening-cof-assessment-ITAT.jpg "Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]")
![Madhya Pradesh High Court grants Interim Protection against the Notice of Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Madhya-Pradesh-High-Court-Interim-Protection-Notice-of-Reassessment-Taxscan.jpeg "Madhya Pradesh High Court grants Interim Protection against the Notice of Reassessment [Read Order]")