![Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Approval-Income-Tax-Act-Assessment-Records-Assessment-ITAT-quashes-Assessment-ITAT-Taxscan.jpg "Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]")
Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while quashing the assessment passed under Section 153A of the Income Tax Act 1961...
![No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Additions-Incriminating-Material-Assessment-ITAT-Additions-Taxscan.jpg "No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]")
![No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Calcutta-High-Court-PCIT-immaterial-Irrelevant-Taxscan.jpg "No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]")
![Capital Gain from Sale of Shares cannot be treated as Bogus solely on the basis of Report of Income Tax Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Sale-of-Share-Capital-Gain-from-Sale-of-Shares-Report-of-Income-Tax-Dept-ITAT-income-tax-taxscan.jpg "Capital Gain from Sale of Shares cannot be treated as Bogus solely on the basis of Report of Income Tax Dept: ITAT [Read Order]")
Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that estimation of cash based on surmises and conjectures cannot be made in rectification order...
![Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Estimation-of-Cash-Rectification-Order-ITAT-cash-taxscan.jpeg "Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]")
![Madras HC quashes Assessment Order for not conducting Search u/s 132 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Madras-HC-Assessment-Order-Search-us-132-Income-Tax-Act-TAXSCAN.jpg "Madras HC quashes Assessment Order for not conducting Search u/s 132 of Income Tax Act [Read Order]")
![No Assessment u/s 153 A in absence of Incriminating Material from Search: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Madras-High-Court-Assessment-Incriminating-Material-Taxscan.jpg "No Assessment u/s 153 A in absence of Incriminating Material from Search: Madras HC [Read Order]")
Checking, Cross-checking and Reconciliation of Data was A Very Lengthy Process and a Valid “Reasonable Cause” for Non-filing of ITR, No Penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that there is no penalty as checking, cross-checking and reconciliation of data was a very...
![Checking, Cross-checking and Reconciliation of Data was A Very Lengthy Process and a Valid “Reasonable Cause” for Non-filing of ITR, No Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Checking-Cross-checking-Reconciliation-Reasonable-Cause-ITR-Penalty-ITAT-TAXSCAN.jpg "Checking, Cross-checking and Reconciliation of Data was A Very Lengthy Process and a Valid “Reasonable Cause” for Non-filing of ITR, No Penalty: ITAT [Read Order]")
![ITAT Quashes S. 153C Assessments based on Invalid Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Assessments-Notices-Invalid-Notices-Income-Tax-Act-Income-Tax-Tax-Taxscan-.jpg "ITAT Quashes S. 153C Assessments based on Invalid Notices [Read Order]")
Income Tax Assessment u/s 153A without incriminating material found in search: Supreme Court commences hearing [Read Order]
The Supreme Court of India has commenced the hearing of a bunch of civil appeals and petitions with regard to the income tax assessment under Section 153A of the Income Tax Act, 1961. The first...
![Income Tax Assessment u/s 153A without incriminating material found in search: Supreme Court commences hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Assessment-Income-Tax-incriminating-material-Supreme-Court-Supreme-Court-commences-hearing-Income-tax-Taxscan.jpg "Income Tax Assessment u/s 153A without incriminating material found in search: Supreme Court commences hearing [Read Order]")
Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as 'Capital Receipts', not Taxable [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), New Delhi Bench granted relief to M/s. Jindal (India) Ltd, the appellant by holding that incentives paid under West Bengal Incentives Scheme are to be...
![Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as Capital Receipts, not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Jindal-India-ITAT-Incentives-West-Bengal-Incentives-Scheme-Capital-Receipts-Taxable-ITAT-treats-Incentives-Taxscan.jpg "Relief to Jindal India: ITAT treats Incentives under West Bengal Incentives Scheme as Capital Receipts, not Taxable [Read Order]")