![Taxpayer is not Owner of Property: ITAT deletes Addition of 25 lakhs u/s 56 of Income Tax Act [Read Read]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-Income-Tax-Tax-news-ITAT-Taxscan.jpg "Taxpayer is not Owner of Property: ITAT deletes Addition of 25 lakhs u/s 56 of Income Tax Act [Read Read]")
Taxpayer is not Owner of Property: ITAT deletes Addition of 25 lakhs u/s 56 of Income Tax Act [Read Read]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has nullified the addition of Rs. 25 lakhs under Section 56 of the Income Tax Act,...
![Recording of Satisfaction by AO before Initiating Section 153C proceedings: Delhi HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Delhi-High-Court-income-tax-tax-news-taxscan.jpg "Recording of Satisfaction by AO before Initiating Section 153C proceedings: Delhi HC dismisses Writ Petition [Read Order]")
![No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-valid-satisfaction-Income-Tax-Act-ITAT-ITAT-quashes-Assessment-Order-taxscan.jpg "No valid satisfaction recorded before issuing notice u/s 153C of Income Tax Act: ITAT quashes Assessment Order [Read Order]")
![AO not Governed by Strict Rules of Evidence Act for Assessment Proceedings under Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-Governed-Strict-Rules-of-Evidence-Act-Assessment-Proceedings-Income-Tax-Act-Madras-HC-TAXSCAN-1.jpg "AO not Governed by Strict Rules of Evidence Act for Assessment Proceedings under Income Tax Act: Madras HC [Read Order]")
![Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/12/Writ-Petition-against-ITAT-ITAT-Retirement-of-Presiding-Judge-Supreme-Court-High-Court-High-Court-Rehear-the-Writ-Petition-Writ-Petition-taxscan.jpg "Writ Petition against ITAT order not Heard Due to Retirement of Presiding Judge: Supreme Court directs HC to Re Hear [Read Judgement]")
Assessment Order and Notice Issued u/s 153 C of Income Tax Act without Jurisdiction: Kerala HC Directs to File Appeal before ITAT [Read Order]
The Kerala High Court directed the assessee to file an appeal before the Kerala Value Added Tax Appellate Tribunal (KVATAT) as the assessment order and notice issued under section 153 C of the Income...
![Assessment Order and Notice Issued u/s 153 C of Income Tax Act without Jurisdiction: Kerala HC Directs to File Appeal before ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Income-Tax-Act-without-Jurisdiction-Kerala-HC-File-Appeal-ITAT-taxscan.jpg "Assessment Order and Notice Issued u/s 153 C of Income Tax Act without Jurisdiction: Kerala HC Directs to File Appeal before ITAT [Read Order]")
Six Year Time Limit u/s 153C(1) of Income tax Act applies only from Transfer of Seized Materials to Jurisdictional AO: Supreme Court [Read Order]
The Supreme Court, in a sequence of appeals initiated by the tax department, upheld the ruling of the Delhi High Court. It also made a significant observation regarding the commencement of the 6-year...
![Six Year Time Limit u/s 153C(1) of Income tax Act applies only from Transfer of Seized Materials to Jurisdictional AO: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Six-Year-Time-Limit-Income-tax-Act-Transfer-of-Seized-Materials-Jurisdictional-AO-Supreme-Court-TAXSCAN.jpg "Six Year Time Limit u/s 153C(1) of Income tax Act applies only from Transfer of Seized Materials to Jurisdictional AO: Supreme Court [Read Order]")
Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) stated that there is nothing on record which would show that any incriminating material was found during search operation which would...
![Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Agricultural-Income-Treated-Unaccounted-Income-Income-Tax-Act-Incriminating-Materials-Show-Income-Assessee-ITAT-TAXSCAN.jpg "Agricultural Income not to be Treated as Unaccounted Income u/s 68 of Income Tax Act if No Incriminating Materials to Show Income Belongs to Assessee: ITAT [Read Order]")
ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment under Section 153C of the Income Tax Act, 1961, against an assessee due to lack of valid grounds and...
![ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Quashes-Assessment-ITAT-Assessment-Income-Tax-Act-Income-Tax-Corroborative-Evidence-Evidence-Taxscan.jpg "ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]")
No Reassessment of Income if Incriminating Articles Against Any "Other Person" is Found During Search Other Than Person Being Searched: ITAT [Read Order]
Quashing the Income Tax addition, the Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that no reassessment of income under Section 147 of the Income Tax Act 1961 can be allowed if...
![No Reassessment of Income if Incriminating Articles Against Any Other Person is Found During Search Other Than Person Being Searched: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Reassessment-of-Income-if-Incriminating-Articles-Reassessment-Income-Other-Person-Incriminating-Articles-ITAT-Taxscan-1.jpg "No Reassessment of Income if Incriminating Articles Against Any Other Person is Found During Search Other Than Person Being Searched: ITAT [Read Order]")
![ITAT deletes Addition Made by AO u/s 68 in the Absence of Incriminating Material [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-AO-Absence-Incriminating-Material-TAXSCAN-1.jpg "ITAT deletes Addition Made by AO u/s 68 in the Absence of Incriminating Material [Read Order]")