Delhi HC quashes Revision of Assessment on failure to enquire about Unexplained Cash Deposit found credited in Bank Account [Read Order]

The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is…

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Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not…

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No Disallowance of ITC for wrong mention of GSTIN of Recipient in Form GSTR-1: Allahabad HC [Read Order]

A Division Bench of the Allahabad High Court held that Goods and Services Tax (GST) Input Tax Credit (ITC) should not be disallowed solely based on wrong mention of the…

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Validity of Orders issued without DIN: Income Tax Dept set to move SC against HC Rulings

In a significant legal development, the Income Tax Department is gearing up to appeal a recent Delhi High Court ruling that deemed Income Tax assessment orders without a Document Identification…

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Income Tax Dept can proceed against Employer for Recovery of Deducted Tax from Employee: Delhi HC [Read Order]

The Delhi High Court observed that the Income Tax Department can proceed against employer for recovery of deducted tax from the employee. The factual position pleaded by the petitioner, Chintan…

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Rs. 10000 fine if you have a Second PAN Card! Know how to Avoid and Surrender Second PAN Allotted

Not everyone possessing multiple or duplicate PAN cards harbors malicious intentions; many are unaware of their duplicate status. Discovering common scenarios leading to duplicate PANs is essential. Repetitive Applications: Individuals…

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Relief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]

The Bombay High Court, has invalidated income tax assessments and subsequent proceedings for the assessment year 2016-2017 against agriculturists and rickshaw drivers due to improper sanction. The court, comprising Justice…

Continue ReadingRelief to Agriculturist and Auto Driver: Bombay HC quashes Sanction and Assessment Order given u/s 151(i) instead of 151(ii) of IT Act [Read Order]