AO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

The Tribunal’s ruling addressed the primary ground of appeal regarding the legality of the re-opening, effectively favoring the assessee The Delhi Bench of Income Tax Appellate Tribunal( ITAT ) quashed…

Continue ReadingAO cannot issue Reassessment Notice: ITAT quashes Order u/s 147 of Income Tax Act [Read Order]

CBDT exempts State Legal Service Authority Union Territory Chandigarh from Income Tax u/s 10(46) [Read Notification]

The Central Board of Direct Taxes (CBDT ), vide notification no. 15/2024 dated January 23, 2024 has notified the income tax exemption to the “State Legal Service Authority Union Territory…

Continue ReadingCBDT exempts State Legal Service Authority Union Territory Chandigarh from Income Tax u/s 10(46) [Read Notification]