Clipped from: https://taxguru.in/income-tax/s-159-applies-reassessment-notice-issued-lifetime-deceased-assessee.html Late Sh. Lal Chand Verma Vs Union of India & Anr. (Delhi High Court) Conclusion: Sine qua non for acquiring jurisdiction to reopen an
Category: Income Tax
*****ITAT Directs Fresh Hearing on Unexplained Demonetization Cash Deposits Matter due to Notices Sent to Inactive Email ID
Clipped from: https://www.taxscan.in/notices-sent-to-inactive-email-id-itat-directs-fresh-hearing-on-unexplained-demonetization-cash-deposits-matter/479305/ The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) directed a fresh hearing in a case involving unexplained cash deposits during the
*****Delhi HC Remands GST SCN Over Lack of Reasoning and Application of Mind
Clipped from: https://www.taxscan.in/lack-of-reasoning-non-consideration-of-reply-and-non-application-of-mind-delhi-hc-remands-gst-scn/479080/ The Court observed that the impugned Order has been passed by the Tax Officer in a cryptic and templated manner By Avinash Kurungot – On January
आवश्यक*******Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
lipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
*******Non-Response To Notices: ITAT Reduces Penalty Citing Assessee’s Depression & Losses
Clipped from: https://taxguru.in/income-tax/non-response-notices-itat-reduces-penalty-citing-assessees-depression-losses.html Jayasakthi Knit Wear Vs ITO (ITAT Chennai) In the case of Jayasakthi Knit Wear Vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed
*******Apppellate authorities must decide cases on merits, even in ex parte Cases: Patna HC
Clipped from: https://taxguru.in/goods-and-service-tax/apppellate-authorities-decide-cases-merits-ex-parte-cases-patna-hc.html Silverline Vs State of Bihar (Patna High Court) In the case of Silverline vs State of Bihar, the Patna High Court examined the dismissal
*******ITAT Remands Case for Fresh Adjudication After CIT(A) Denies Fair Hearing
Clipped from: https://taxguru.in/income-tax/itat-remands-case-fresh-adjudication-cita-denies-fair-hearing.html Kamlesh Babalal Shah Vs ACIT (ITAT Ahmedabad) In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the
*******Non-Receipt of Hearing Notices: ITAT Sets Aside Ex-Parte Order
Clipped from: https://taxguru.in/income-tax/non-receipt-hearing-notices-itat-sets-aside-ex-parte-order.html Dhaval Nalinbhai Patel Vs DCIT (ITAT Ahmedabad) In the case of Dhaval Nalinbhai Patel Vs. DCIT, the ITAT Chennai addressed an appeal concerning
*******No Income Tax on Cash Gift from Father & Father-in-Law: ITAT Delhi
Read more at: https://taxguru.in/income-tax/income-tax-cash-gift-father-father-in-law-itat-delhi.htmlCopyright © Taxguru.in The assessee, married in February 2011, claimed that the amount comprised gifts of ₹5,00,000 from his father and ₹5,80,000 from
*******10-Year Limit Applies Prospectively, Not Retroactively to Expired Six-Year Limit: Delhi HC
Clipped from: https://taxguru.in/income-tax/10-year-limit-applies-prospectively-retroactively-expired-six-year-limit-delhi-hc.html Sheetal International Private Limited Vs Chief Commissioner of Income Tax (Delhi High Court) In the case of Sheetal International Private Limited Vs Chief Commissioner
*Middle class’ tax rates must be rationalised – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/middle-class-tax-rates-must-be-rationalised/article69081018.ece The burden of paying taxes, direct and indirect, cannot rest on the middle class alone There can be no argument against giving a
***Rein in tax terrorism – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rein-in-tax-terrorism/3706072/ We need a transparent system that curbs litigation and a quick resolution process. The Central Board of Direct Taxes (CBDT) Action Plan, 2024-25,
*******Allowability of 50% of claimed indexed construction costs due to lack of sufficient evidence
lipped from: https://taxguru.in/income-tax/allowability-50-claimed-indexed-construction-costs-due-lack-sufficient-evidence.html Meena Gupta Vs ACIT (ITAT Delhi) Conclusion: Denial of the entire expenditure incurred towards as cost of construction by AO could not be held
👍👍👍👍👍👍👍NRI-Reassessment proceedings quashed as order passed u/s. 148A(d) was non-speaking: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-quashed-order-passed-u-s-148a-d-non-speaking-itat-delhi.html Reshma Kamal Abichandani Vs ACIT (ITAT Delhi) ITAT Delhi held that order passed u/s. 148A(d) is non-speaking since AO failed to provide adequate
👍👍👍👍👍👍👍Madras HC Issues Orders on Section 148 Notices and Faceless Assessment
Clipped from: https://taxguru.in/corporate-law/madras-hc-issues-orders-section-148-notices-faceless-assessment.html Mark Studio India Private Limited Vs ITO (Madras High Court) In a significant ruling, the Madras High Court addressed several procedural aspects of
👍👍👍👍👍Health insurance and the fragile fabric of trust – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/pulse/health-insurance-and-the-fragile-fabric-of-trust/article69042374.ece There is an urgent need to address systemic flaws within health insurance ecosystems globally The murder of Brian Thompson, CEO of United Healthcare, is
👍👍👍👍👍LTCG Exemptions Under New Tax Regime – The Hindu BusinessLine
taxtalk@thehindu.co.in Tax Query: LTCG Exemptions Under New Tax Regime – The Hindu BusinessLine Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-ltcg-exemptions-under-new-tax-regime/article69018977.ece Under both tax regimes, Section 112A exempts LTCG up to
👍👍👍👍👍👍👍Notices Only Uploaded on E-Filing Portal: ITAT Grants Assessee Another Opportunity to Represent Case
Clipped from: https://taxguru.in/income-tax/notices-uploaded-e-filing-portal-itat-grants-assessee-opportunity-represent-case.html Alampalli Seetharam Udaya Shankar Vs ITO (ITAT Bangalore) Assessee was not aware of the notices issued since the same were uploaded only on
👍👍👍👍👍👍👍Non-Compliance with Section 144B Faceless Assessment: Notices & Proceedings invalid
Clipped from: https://taxguru.in/income-tax/non-compliance-section-144b-faceless-assessment-notices-proceedings-invalid.html Mohan Jit Singh Vs Union of India And Others (Punjab and Haryana High Court) In the case of Mohan Jit Singh Vs. Union of India
👍👍👍👍👍👍👍HC invalidates Section 148 notice due to non-compliance with faceless assessment provisions
Clipped from: https://taxguru.in/income-tax/hc-invalidates-section-148-notice-due-non-compliance-faceless-assessment-provisions.html Shikhar Gadh Vs ITO (Punjab and Haryana High Court) In the case of Shikhar Gadh vs Income Tax Officer (Punjab and Haryana High Court), the
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