Initiation of Re-assessment proceeding beyond six years is barred by Limitation,not valid: Calcutta HC

Clipped from: https://www.taxscan.in/initiation-of-re-assessment-proceeding-beyond-six-years-is-barred-by-limitationnot-valid-calcutta-hc/234323/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Initiation%20of%20Re-assessment By Yogitha S. Yogesh – On December 15, 2022 3:37 pm The Calcutta High Court (HC) has held that the Initiation of re-assessment proceeding beyond six

Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act

Clipped from: https://www.taxscan.in/relief-to-mahindra-and-mahindra-itat-directs-ao-to-delete-disallowance-made-u-s-40aia-of-income-tax-act/236174/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Relief%20to%20Mahindra By Kalyani B Nair – On December 20, 2022 2:07 pm In a major relief to Mahindra & Mahindra Ltd, the appellant, the Mumbai Bench of the Income Tax

Proceedings u/s 153C of Income Tax Act in absence of any Incriminating Material is Bad in Law: ITAT

Clipped from: https://www.taxscan.in/proceedings-u-s-153c-of-income-tax-act-in-absence-of-any-incriminating-material-is-bad-in-law-itat/236156/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Proceedings By Kalyani B Nair – On December 20, 2022 2:35 pm The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Proceedings under Section 153C of the Income Tax