Read all Latest Updates on and about Section 260A of the Income Tax Act

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Delhi HC upholds CIT's Decision to Revise Assessment Due to AO's Failure to Verify Dishonored Cheques [Read Order]

In the recent ruling, the Delhi High Court ,upheld the decision of the Principal Commissioner of Income Tax ( CIT ) to revise the assessment due to...

Correctness of Factual Findings in Order passed u/s 153 of Income Tax Act was Re examined by ITAT:...

ITAT invalidates Reassessment under Income Tax Act as Alleged Transaction already shown on Return...

Failure of CIT(A) to Properly Estimate Income and Profit: Calcutta HC sets aside ITAT Order [Read...

Assessee can Apply for Registration u/s 80G(5)(iii) Within 6 Months After commencement of activity:...

Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]

In a recent case, the Calcutta High Court dismissed the petition as the issue of bogus loss on sale of share doesn't arise from Income Tax Appellate Tribunal ( ITAT ) order which was challenged...

Calcutta HC upholds ITAT's deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct Evidence against Assessee [Read Order]

The Calcutta HC in a recent case upheld the Income Tax Appellate Tribunal’s ( ITAT ) decision to delete Income tax addition made under section 69 of the Income Tax Act 1961 ( ITA ) due to lack of...

Non-Cooperation in Assessment Proceedings: Calcutta HC grants Appellant Final Opportunity to Substantiate Case under Income Tax Act

The Calcutta High Court in a recent ruling gave the appellant a final opportunity to substantiate their case of non-cooperation in assessment proceedings under the Income Tax Act 1961 ( ITA ) before...

Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITAT's Decision [Read Order]

In the recent case, the High Court of Calcutta dismissed the revenue petitioner’s appeal challenging the Income Tax Appellate Tribunal’s( ITAT ) decision for assessment year(AY) 2020-21. The Court...

Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]

The Calcutta High court dismissed the appeal as it lacked a substantial question of law. The Court found that the addition was made under section 68 of the Income Tax Act, 1961 as the Assessing...

Unexplained Cash Deposit Addition made after deducting withdrawals: Rajasthan HC confirms Penalty u/s 271 [Read Order]

The Rajasthan High Court has upheld a penalty imposed under Section 271(1)(c) of the Income Tax Act, confirming that the unexplained cash deposits were correctly added by the income tax department...

Income Tax - Income Tax Act - Income tax department - Rajasthan High Court - TAXSCAN

Income Tax Dept fails to Contradict Taxpayer’s Evidence for LTCG from Share Sale: Rajasthan HC Upholds ITAT Order [Read Order]

In a recent ruling, the Rajasthan High Court upheld the order of the Income Tax Appellate Tribunal ( ITAT ), observing that the income tax department failed to provide any contradictory evidence...

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