Category: Income Tax Cases

clipped from: https://www.taxscan.in/remuneration-to-partner-out-of-profit-is-not-salary-cannot-be-treated-as-expenditure-for-the-purpose-of-s-40a3-itat/170368/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Salary Top Stories By Taxscan Team – On April 24, 2022 11:08 am The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the remuneration paid

Read More: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/ Clipped from: https://www.taxscan.in/reassessment-shall-be-conducted-by-same-officer-or-his-successor-who-conducted-assessment-gujarat-hc-quashes-reassessment-initiated-by-dri/170471/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Jwala K.P – On April 25, 2022 12:19 pm The Gujarat High Court has held that reassessment shall be conducted by

Clipped from: https://www.taxscan.in/capital-gain-exemption-allowable-on-bonafide-expenses-incurred-for-making-new-house-habitable-prior-to-possession-itat/170135/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CG Top Stories By Rasheela Basheer – On April 23, 2022 8:01 am The Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the capital gain exemption

Read More: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/ Clipped from: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Bogus%20Purchase%20Bills Top Stories By Taxscan Team – On April 22, 2022 2:36 pm The Chhattisgarh High Court has held that the reassessment proceedings by invoking

Read More: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/ Clipped from: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation Top Stories By Rasheela Basheer – On April 22, 2022 12:14 pm The Ahmedabad bench of the ITAT has held that the assessee can

Clipped from: https://www.taxscan.in/expenditure-in-the-form-of-commission-to-the-doctors-is-prohibited-by-law-and-not-entitled-to-deduction-u-s-37-1-calcutta-hc/169945/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Commission%20to%20the%20Doctors Top Stories By Rasheela Basheer – On April 22, 2022 3:09 pm The Calcutta High Court has held that expenditure in the form of commission to

Read More: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/ Clipped from: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Gain%20exemption Top Stories By Rasheela Basheer – On April 18, 2022 11:40 am The Bangalore bench of the ITAT has held that the date of

Clipped from: https://www.taxscan.in/no-penalty-on-receiving-cash-loan-from-family-members-to-meet-business-exigency-itat/168825/ Top Stories By Rasheela Basheer – On April 18, 2022 10:08 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D

Clipped from: https://www.taxscan.in/re-assessment-at-the-behest-of-audit-party-is-invalid-bombay-hc/168034/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On April 12, 2022 10:08 pm A division bench of the Bombay High Court has held that the re-assessment under

Clipped from: https://www.taxscan.in/provisional-attachment-shall-not-hamper-regular-business-gujarat-hc/168336/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment Top Stories By Rasheela Basheer – On April 14, 2022 11:04 am A division bench of the Gujarat High Court has held that the provisional attachment

Clipped from: https://www.taxscan.in/acit-cannot-sanction-re-assessment-notice-after-expiry-of-4-years-bombay-hc/168573/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20Notice Top Stories By Taxscan Team – On April 15, 2022 8:47 pm The Bombay High Court has held that the Additional Commissioner of Income Tax cannot

Clipped from: https://www.taxscan.in/the-term-sufficient-cause-shall-interpret-liberally-itat/168811/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT Top Stories By Rasheela Basheer – On April 18, 2022 6:57 am The Bangalore bench of the ITAT, in a significant ruling favoring the assessee, has held

Clipped from: https://www.taxscan.in/delay-in-processing-income-tax-refund-bombay-hc-slams-income-tax-dept-for-causing-unnecessary-hardships-to-taxpayers/166630/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Refund Top Stories By Taxscan Team – On April 6, 2022 1:34 pm The Bombay High Court has recently criticized the income tax department and the Central Board

Clipped from: https://www.taxscan.in/provisions-of-sec-44ad-not-applicable-to-commission-agents-itat/168758/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Section%2044 Top Stories By Rasheela Basheer – On April 17, 2022 6:25 am The ITAT, Chennai bench has held that the provisions of Section 44AD of the

Read More: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/ Clipped from: https://www.taxscan.in/framing-of-reassessment-u-s-147-of-income-tax-act-against-non-existing-entity-is-void-ab-initio-itat/168698/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reassessment Top Stories By Taxscan Team – On April 17, 2022 9:45 am The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held

lipped from: https://www.taxscan.in/itat-condones-delay-of-4-years-in-filing-rectification-application-u-s-154-of-income-tax-act/168733/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=condones%20Delay%20of%204%20Years Top Stories By Taxscan Team – On April 17, 2022 7:11 am The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a

Clipped from: https://www.taxscan.in/mere-mistake-in-filing-of-income-tax-return-would-not-result-in-enhancement-of-income-itat/168830/ Top Stories By Rasheela Basheer – On April 17, 2022 9:16 pm The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere mistake