Category: Income Tax

When search u/s 132 was not conducted at the registered address of the assessee company, proceeding u/s 153A can not be initiated on the assessee. In a recent judgment, ITAT Delhi has held that when search u/s 132 was not conducted at the registered address of the assessee …

Revision order u/s 263 by PCIT without specifying what information AO had not called – SC declines to interfere with quashing. In a recent case, the Hon’ble Supreme Court declined to interfere with quashing of revision order under section 263 as PCIT did not give any specific finding …

The appellant/Petitioner not barred to arguing points other than on which the appeal is admitted by Court. SLP against admission of an appeal is not maintainable – SC In a recent order, the Hon’ble Supreme Court has held that admission of an appeal does not debars the appellant/Petitioner …

How to solve “please select type of account” error appearing while filing online income tax return at e-portal. It has been reported by many users that while filing online their return of income at e-filing portal at validation stage an error is displayed showing an error with message …

Supreme Court refused to quash the order passed by the PCIT under section 127 of Income Tax Act 1961 transferring the case of the assessee from one State to another.  In a recent case the Hon’ble Supreme Court declined to quash the transfer of case under section 127 …

High Court directs CPC Bangalore to accept physical revised return as time limit for relevant year had expired. In a recent judgment, High Court of Meghalaya directed CPC Bangalore to accept the physical revised return as time limit for filing the revised returns for the relevant accounting year …

No disallowance merely because of self-made vouchers for expenses when such expenses are common in the kind of business done by the assessee – ITAT In a recent judgment ITAT Bangalore has held that disallowance merely because of self-made vouchers for expenses is not correct when such expenses …

It is surprising that the Postal Department and the Income Tax Department have not been integrated – High Court In a recent judgment, the Hon’ble High Court of Karnataka expressed surprise that the Postal Department and Income Tax Department have not been integrated to provide real-time tracking of …

Income Tax launched verification operation to investigate fraudulent claims of deductions and exemptions claimed in Income Tax Returns. Income Tax Department cracks down on bogus claims of deductions & exemptions. Investigations uncover organised rackets operated by certain ITR preparers and intermediaries filing returns, claiming fictitious deductions and exemptions …

ITAT quashed order passed by PCIT u/s 263 without mentioning specific Section under which AO should have made the addition In a recent judgment, ITAT Delhi has held that order passed by the PCIT under Section 263 without mentioning the specific charging Section under which the AO should …