Judgement

The ITAT set aside an ex-parte income tax assessment and directed the AO to conduct a fresh hearing after providing a fair opportunity to the taxpayer.

ITAT Sets Aside Ex-Parte Income Tax Assessment for Breach of Natural Justice

News

Bombay Dyeing and Manufacturing Company Limited received an Income Tax assessment order raising its taxable income to Rs 574.35 crore, which it plans to challenge while exploring legal remedies.

Bombay Dyeing and Manufacturing Faces Rs 574 Crore Tax Adjustment, Plans Legal Challenge

ITAT held that an assessment made without waiting for the DVO valuation report under Section 50C is invalid, and such premature assessment was quashed.

Income Tax Assessment Without Waiting for DVO Report Held Invalid by ITAT

Clean Max Enviro Energy Solutions Limited informed BSE and NSE that it received an income tax assessment order for AY 2023–24 raising a demand of Rs 6.78 crore due to certain additions and disallowances.

Clean Max Enviro Energy Solutions Receives Income Tax Order for AY 2023-24 with Rs 6.78 Cr Demand

Entertainment Network (India) Limited discloses to the stock exchange about an appeal filed against an income tax assessment order, imposing a demand of Rs 113.20 crore on the company.

Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A)

Sagility Limited has received an income tax assessment order, imposing a tax demand of over Rs 100 crore due to transfer pricing adjustments.

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ITAT Sets Aside Ex-Parte Income Tax Assessment for Breach of Natural Justice

Bombay Dyeing and Manufacturing Faces Rs 574 Crore Tax Adjustment, Plans Legal Challenge

Income Tax Assessment Without Waiting for DVO Report Held Invalid by ITAT

Clean Max Enviro Energy Solutions Receives Income Tax Order for AY 2023-24 with Rs 6.78 Cr Demand

Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A)

Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments