![ITAT directs Re adjudication in Respect of Depreciation Claimed on Goodwill arising on Acquisition of Business under Slump Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Bangalore-Income-Tax-Goodwill-depreciation-I-and-B-Seeds-Private-Limited-Hybrid-seeds-business-taxscan.jpg "ITAT directs Re adjudication in Respect of Depreciation Claimed on Goodwill arising on Acquisition of Business under Slump Sale [Read Order]")
ITAT directs Re adjudication in Respect of Depreciation Claimed on Goodwill arising on Acquisition of Business under Slump Sale [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, directed readjudication regarding depreciation claims on goodwill arising from the...
![Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Charitable-institution-Tax-implications-for-charitable-organizations-Tax-treatment-of-charitable-institutions-Exemption-criteria-for-charitable-entities-Taxscan.jpg "Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]")
![Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/debts-Income-Tax-Addition-Income-Tax-SC-Gillette-India-SC-rules-in-favour-of-Gillette-India-taxscan.jpg "Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]")
Scheme of Amalgamation is not Floated by Assessee with sole object of Avoidance of Income Tax: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]
The Supreme Court condoned delay in the special leave petition filed by the Income Tax Department in the matter concerning the ruling that the scheme of amalgamation is not floated by assessee with...
![Scheme of Amalgamation is not Floated by Assessee with sole object of Avoidance of Income Tax: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Amalgamation-Scheme-of-Amalgamation-Income-Tax-sc-supreme-court-Income-Tax-Dept-Special-Leave-Petition-TAXSCAN.jpg "Scheme of Amalgamation is not Floated by Assessee with sole object of Avoidance of Income Tax: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]")
No SLP maintainable avoiding Limitation when Statutory Appeal Available: Supreme Court [Read Judgment]
The Supreme Court Division Bench of Chief Justice DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra held that no Special Leave Petition under Article 136 is maintainable when statutory...
![Tax Judgments of Supreme Court - Annual Digest 2023 [Part-1] - TAXSCAN](https://www.taxscan.in/wp-content/uploads/2024/01/Tax-Judgments-of-Supreme-Court-Annual-Digest-2023-Part-1-TAXSCAN-2.jpg "Tax Judgments of Supreme Court - Annual Digest 2023 [Part-1] - TAXSCAN")
Validity of Reassessment Order passed U/s 148 of Income Tax Act: Supreme Court Dismisses SLP [Read Order]
The Supreme Court of India dismissed the Special Leave Petition (SLP)which was against the order Validity of Reassessment Order passed U/s 148 of the Income Tax Act passed by the High Court of...
![Validity of Reassessment Order passed U/s 148 of Income Tax Act: Supreme Court Dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Validity-of-Reassessment-Order-Reassessment-Order-Income-Tax-Act-Supreme-Court-SLP-taxscan.jpg "Validity of Reassessment Order passed U/s 148 of Income Tax Act: Supreme Court Dismisses SLP [Read Order]")
No Satisfactory Explanation For Delay of 204 Days in Filing SLP against Income Tax Appeal: Supreme Court dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leave Petition (SLP) as there was no satisfactory explanation for the delay of 204 days in filing the SLP against the Income Tax Appeal. The SLP arose out of...
![No Satisfactory Explanation For Delay of 204 Days in Filing SLP against Income Tax Appeal: Supreme Court dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Special-Leave-Petition-Filing-Special-Leave-Petition-Income-Tax-Appeal-Supreme-Court-SC-TAXSCAN.jpg "No Satisfactory Explanation For Delay of 204 Days in Filing SLP against Income Tax Appeal: Supreme Court dismisses SLP [Read Order]")
Direction of PCIT to Fresh Assessment without Enquiry is Invalid: Supreme Court Dismisses SLP [Read Order]
The Supreme Court dismissed the Special Leave Petition (SLP) and observed that the direction of the Principal Commissioner of Income Tax(PCIT) to fresh assessment without enquiry is invalid. The...
