Assessing Authority News Today

Supreme CourtInterest-Free/Concessional Loans To Bank Employees Taxable As Perquisite : Supreme Court Upholds Rule 3(7)(I) Of Income Tax RulesCase Name- All India Bank Officers Confederation Vs The...

The Allahabad High Court has held that proceedings under Section 148A of the Income tax Act, 1961 are summary in nature. The Court held that at the stage of passing order under Section 148A(d), the...

The Kerala High Court has held that the expenditure that was incurred by the appellant/assessee by way of addition to buildings and electrical fittings on leasehold premises was in the nature of...

Delhi High CourtAssessee Cant Be Obstructed From Availing DTVSV Act Benefits Even When Limitation Period For Appeal Hasnt Expired: Delhi High CourtCase Title: PT Bukaka Teknik Utama Versus...

The Allahabad High Court has held that a pointwise consideration of objections that may be raised by an assessee in response to a notice issued to him under Section 148 A(b) is not necessary while...

Delhi High CourtAO Cant Proceed With Assessment In Absence Of Section 127 Transfer Order: Delhi High CourtCase Title: Rajsheela Growth Fund (P) Ltd. Versus ITOThe Delhi High Court has held that the...

Supreme CourtLabelling and Re-Labelling of Containers Qualifies as Manufacture for CENVAT Credit Under Excise Act: Supreme CourtCase Details: Commissioner Of Central Excise Belapur Vs Jindal Drugs...

The Allahabad High Court has held that once the acceptance of books of accounts by the Commissioner of Income Tax (Appeals) have not been objected to by the Assessing Authority before the Income Tax...

INDEXM/S United Spirits Limited v. State Of U.P. And 3 Others 2024 LiveLaw (AB) 222The Commissioner, Commercial Tax U.P. v. M/S Godfrey Philips India Limited 2024 LiveLaw (AB) 223 M/S Eco Plus Steels...

While rejecting the appeal challenging the validity of notice issued u/s 153A, the New Delhi ITAT held that section 292CC of the Income Tax Act empowers an officer to presume that the books of...