Begin typing your search above and press return to search.
![Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]")
Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]
While quashing an order of revision passed ex parte by the CIT under section 263 of the Income Tax Act, the ITAT Hyderabad held that serving of notice...
![Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]")
![Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Subsidy-Tax-Scan.jpg "Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]")
![Depreciation can be Allowed even after the Net Income is Estimated: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation can be Allowed even after the Net Income is Estimated: ITAT Hyderabad [Read Order]")
![CIT cannot exercise its revision powers when the AO allowed the claim of the assessee after proper examination: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessing-Officer.jpg "CIT cannot exercise its revision powers when the AO allowed the claim of the assessee after proper examination: ITAT Kolkata [Read Order]")
CIT can exercise Revisionary Jurisdiction only the Assessment Order is Erroneous & Prejudicial to the Interest of Revenue; ITAT Kolkata [Read Order]
The Income Tax Appellate Tribunal, Kolkata division has recently declared that CIT can exercise revisionary jurisdiction under section 263 of the Income Tax Act, 1961 only when the order passed by the...
