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
Category: Legal
*The Term ‘Sufficient Cause’ shall Interpret Liberally: ITAT-taxscan
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
*Delay in Processing Income Tax Refund: Bombay HC slams Income Tax Dept for causing Unnecessary Hardships to Taxpayers-TAXSCAN
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
*Provisions of Sec 44AD not applicable to Commission Agents: ITAT-TAXSCAN
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
*‘Framing of Reassessment u/s 147 of Income Tax Act against Non-Existing Entity is void ab-initio’: ITAT [Read Order]–TAXSCAN
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
ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act–TAXSCAN
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
*Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT–TAXSCAN
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
*6 situations in which you and your children lose legal right to inherit a property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/6-situations-in-which-you-and-your-children-lose-legal-right-to-inherit-a-property/articleshow/90656781.cms SynopsisAs per the Hindu Succession Act, if a Hindu Male dies intestate (i.e. without having a will), then class-I legal heirs will have
*Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice
Clipped from: https://www.taxscan.in/assessing-officer-failed-to-record-the-reason-for-issue-of-notice-u-s-148-chhattisgarh-hc-quashes-notice/166616/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Assessing%20Officer Top Stories By Jwala K.P – On April 6, 2022 2:17 pm The High Court of Chhattisgarh has held that Assessing Officer failed to record the
Income Tax Penalty cannot be Imposed Unless Assessee Obliged in Law, Either acted deliberately in Defiance of Law or Guilty of Dishonest Conduct: ITAT
Read More: https://www.taxscan.in/income-tax-penalty-cannot-be-imposed-unless-assessee-obliged-in-law-either-acted-deliberately-in-defiance-of-law-or-guilty-of-dishonest-conduct-itat/166292/ Clipped from: https://www.taxscan.in/income-tax-penalty-cannot-be-imposed-unless-assessee-obliged-in-law-either-acted-deliberately-in-defiance-of-law-or-guilty-of-dishonest-conduct-itat/166292/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Penalty Top Stories By Rasheela Basheer – On April 5, 2022 10:06 am The Income Tax Appellate Tribunal, Delhi bench held that the income tax
Black Money Act Provisions cannot be invoked for Minor Breach of Law: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/black-money-act-provisions-cannot-be-invoked-for-minor-breach-of-law-itat/166358/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Black%20Money%20Act Top Stories By Rasheela Basheer – On April 5, 2022 2:34 pm In a major relief to philanthropist and pharma company Chairperson Leena Gandhi-Tiwari, the Mumbai
Benefit under Vivad Se Vishwas Scheme is Optional: Calcutta HC condones Delay in Appeals filed by Revenue in Rs. 38,000 Crores Penny Stock Scam–TAXSCAN
Clipped from: https://www.taxscan.in/benefit-under-vivad-se-vishwas-scheme-is-optional-calcutta-hc-condones-delay-in-appeals-filed-by-revenue-in-rs-38000-crores-penny-stock-scam/165979/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Vivad%20Se%20Vishwas%20Scheme Top Stories By Rasheela Basheer – On April 4, 2022 11:08 am A division bench of the Calcutta High Court, while condoning the delay in a
Violation of Principles of Natural Justice and Non-Compliance of Provisions of S. 144B of the Income Tax Act: Calcutta HC quashes Assessment
Clipped from: https://www.taxscan.in/violation-of-principles-of-natural-justice-and-non-compliance-of-provisions-of-s-144b-of-the-income-tax-act-calcutta-hc-quashes-assessment/165985/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Calcutta%20HC Top Stories By Rasheela Basheer – On April 4, 2022 12:33 pm The Calcutta High Court has quashed an assessment order under section 143(3) of the
Pizza toppings: Bringing science into GST!–TAXSCAN
Clipped from: https://www.taxscan.in/pizza-toppings-bringing-science-into-gst/166107/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Pizza Columns By Jigar Doshi & Nikita Maheshwari – On April 4, 2022 6:03 pm One item on the Italian cuisine that everybody is fond of is
Ready to Eat Popcorn Attracts 18% GST: AAR–TAXSCAN
Clipped from: https://www.taxscan.in/ready-to-eat-popcorn-attracts-18-gst-aar/166226/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=PopCorn Top Stories By Jwala K.P – On April 4, 2022 7:51 pm The Telangana State Authority for Advance Ruling ( AAR ) has held that ready-to-eat
*****Cheque and honor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/cheque-and-honor/article65288027.ece The reach of Section 138 of the Negotiable Instruments Act, which deals with dishonoring of cheques, was put to test in a case
*****All liabilities extinguished – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/all-liabilities-extinguished/article65288031.ece Dollar heap in thumbs down shape, dollar rate falling | Photo Credit: Makhbubakhon Ismatova It is an established principle of law that once
*Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT
Read More: https://www.taxscan.in/re-assessment-solely-based-on-information-from-investigation-wing-is-invalid-without-independent-inquiry-by-ao-itat/164250/ Clipped from: https://www.taxscan.in/re-assessment-solely-based-on-information-from-investigation-wing-is-invalid-without-independent-inquiry-by-ao-itat/164250/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Delhi%20bench%20of%20the%20ITAT Top Stories By Rasheela Basheer – On March 28, 2022 10:44 am The Delhi bench of the ITAT comprising Shri R. K. Panda, Accountant Member
*Raising Objection is a Valuable Legal Right of Assessee, Dept cannot deny it: ITAT–TAXSCAN
Read More: https://www.taxscan.in/raising-objection-is-a-valuable-legal-right-of-assessee-dept-cannot-deny-it-itat/164399/ Clipped from: https://www.taxscan.in/raising-objection-is-a-valuable-legal-right-of-assessee-dept-cannot-deny-it-itat/164399/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Objection Top Stories By Taxscan Team – On March 28, 2022 7:02 pm The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the
supreme court: ‘Very sorry state of affairs’: SC over delay in execution of arbitral awards – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/very-sorry-state-of-affairs-sc-over-delay-in-execution-of-arbitral-awards/articleshow/90608117.cms Synopsis The apex court said this case is a glaring example of frustrating the arbitration proceedings under the Arbitration Act. It noted that
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