Clipped from: https://www.taxscan.in/top-stories/income-tax-dept-has-no-statutory-power-to-cancel-sale-deeds-madras-hc-quashes-attachment-order-1428712 The High Court took strong exception to this overreach. During the hearing, the Bench said there is no provision empowering the tax authorities
Category: Income Tax Cases
*******Reassessment Notices Invalid if Issued Beyond Surviving Period, Even If 14-Day Reply Procedure Followed: Gujarat HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/reassessment-notices-invalid-if-issued-beyond-surviving-period-even-if-14-day-reply-procedure-followed-gujarat-hc-1427582 The Gujarat High Court quashed a reassessment notice as invalid for being issued beyond the limitation period despite following the 14-day reply process
*******Failure to Send Income Tax Notices to Updated Email Address Denies Fair Hearing: Karnataka HC Quashes Assessment Order [Read Order]
Clipped from: https://www.taxscan.in/top-stories/failure-to-send-income-tax-notices-to-updated-email-address-denies-fair-hearing-karnataka-hc-quashes-assessment-order-1427492 The Court found that the department should have used the updated contact for all further communication The High Court of Karnataka, quashed an income tax
*******Chennai ITAT Applies ‘Surviving Period’ Rule for First Time, quashes Income Tax Reassessment Notice [Read Order]
lipped from: https://www.taxscan.in/top-stories/chennai-itat-applies-surviving-period-rule-for-first-time-quashes-income-tax-reassessment-notice-1427467 The Chennai ITAT held that a reassessment notice under the new regime is invalid if issued beyond the “surviving period” under Section 149,
*******ITAT Chennai Quashes Time-Barred Reassessment Citing SC’s Rajeev Bansal Ruling
Clipped from: https://taxguru.in/income-tax/itat-chennai-quashes-time-barred-reassessment-citing-scs-rajeev-bansal-ruling.html Smt. Lakshmi Narasimhan Santhi Vs ACIT (ITAT Chennai) In a significant ruling dated 3rd July 2025, the Chennai Bench of the Income Tax
👌👌👌👌👌👌👌CIT(A) Accepts Additional Evidence on LTCG in violation of Rule 46A: ITAT Remands to AO
Clipped from: https://taxguru.in/income-tax/cita-accepts-additional-evidence-ltcg-violation-rule-46a-itat-remands-ao.html ACIT Vs Sangeeta Ganpat Sawant (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) in Mumbai has recently delivered a significant ruling in the
Why Income Tax Notices for Additional Tax on Capital Gains?
Clipped from: https://taxguru.in/income-tax/income-tax-notices-additional-tax-capital-gains.html Those taxpayers who filed their income tax returns of March 2024 and had income from capital gains are now receiving notices asking them
No reassessment on basis of invalid notice u/s 148, deleted additions of 6.93 Crores
Clipped from: https://taxguru.in/income-tax/reassessment-basis-invalid-notice-u-s-148-deleted-additions-6-93-crores.html Regalia Laminates MCD Buliding Vs ITO (ITAT Delhi) Conclusion: Reassessment initiated under an invalid notice issued under Section 148 as there was no new
Issuance of single consolidate notice u/s. 73 for multiple assessment year contravenes CGST Act: Karnataka HC
lipped from: https://taxguru.in/goods-and-service-tax/issuance-single-consolidate-notice-u-s-73-multiple-assessment-year-contravenes-cgst-act-karnataka-hc.html Bangalore Golf Club Vs Assistant Commissioner of Commercial Taxes (Karnataka High Court) Karnataka High Court held that the practice of issuing a single,
Order passed against dead person liable to be set aside: Madras HC
Clipped from: https://taxguru.in/income-tax/order-passed-dead-person-liable-set-aside-madras-hc.html S. R. Steels Vs Deputy State Tax Officer (Madras High Court) Madras High Court held that order passed against the dead person, who
👌👌👌Deduction u/s. 80P inadmissible as return filed after due date prescribed u/s. 139(1): ITAT Ahmedabad
https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Dared Seva Sahkari Mandali Ltd Vs Assessment Unit (ITAT Ahmedabad) ITAT Ahmedabad held that claim of deduction u/s 80P is admissible only
👌👌👌The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the absence of corroborating material.
lipped from: https://www.taxscan.in/assessees-admission-not-a-valid-ground-for-income-tax-addition-rajasthan-hc/437752/ The Rajasthan High Court has recently held that an assessee’s admission cannot be treated as conclusive evidence for income tax additions in the
Assessment order passed in the name of a deceased individual is invalid: ITAT Jaipur
https://taxguru.in/income-tax/assessment-order-passed-name-deceased-individual-invalid-itat-jaipur.html Clipped from: https://taxguru.in/income-tax/assessment-order-passed-name-deceased-individual-invalid-itat-jaipur.html Birdi Chand Vs ITO (ITAT Jaipur) As it is evident from the fact that the legal heir of late Shri Birdi Chand
👍👍👍👍👍Delhi HC Invalidates GST Order for Lack of Consideration of Petitioner’s Reply
https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html Clipped from: https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html RPJ Polymers Vs Union Of India & Ors (Delhi High Court) RPJ Polymers, the petitioner, challenged an order dated 28.12.2023 issued under
👍👍👍👍👍Improper service of Section 148 notice renders assessment order invalid
https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Clipped from: https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Mandeep Malli Vs ACIT (ITAT Amritsar) The Income Tax Appellate Tribunal (ITAT) Amritsar presided over the case of Mandeep Malli vs. ACIT,
Interest received from Co-operative Banks– is not taxable — Courtesy Taxguru
https://taxguru.in/income-tax/section-80p2d-deduction-dividend-co-op-banks-credit-society.html Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-dividend-co-op-banks-credit-society.html Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit Vs CIT(A) (ITAT Mumbai) Dividend which is earned by the Society registered under Maharashtra
👍👍👍👍👍👍👍Interest Income received from Co-operative Banks cannot be equated with interest received from Co-operative Society: ITAT not allowed deduction u/s 80P (2) (d) of Income Tax Act
Clipped from: https://www.taxscan.in/interest-income-received-from-co-operative-banks-cannot-be-equated-with-interest-received-from-co-operative-society-itat-not-allowed-deduction-u-s-80p-2-d-of-income-tax-act-read-order/373691/ ITAT disallowed deduction under Section 80P (2)(d) of the Income Tax Act, 1961, stating that interest income received from cooperative banks cannot be
👍👍👍👍👍Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT
Clipped from: https://www.taxscan.in/interest-income-derived-by-co-operative-society-from-any-other-co-operative-bank-allowable-as-deduction-u-s-80p2d-itat-read-order/373308/ In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest income derived by a co-operative
👌Is agreement to sell is a transfer and liable to Capital Gain Tax?
https://taxguru.in/income-tax/agreement-sell-transfer-liable-capital-gain-tax.html Clipped from: https://taxguru.in/income-tax/agreement-sell-transfer-liable-capital-gain-tax.html If we have ever studied the Income Tax Act, 1961, the income has been chargeable under the five sources of income and
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