Bombay High Court held that initiation of reassessment proceedings under section 147 of the Income Tax Act resulting into change of opinion and review of the assessment order is not permissible in law. Accordingly, reassessment proceedings are liable to be quashed.
Understand eligibility, turnover limits, tax rates, and conditions for opting into GST Composition Scheme under Sections 10(1) and 10(2A).
Learn how to submit and track Bill of Entry re-assessment requests on ICEGATE 2.0. This guide covers the complete process for importers.
Learn the step-by-step process for claiming “other refunds” of Customs duties on ICEGATE 2.0. User manual for IEC holders.
Learn how to file IGCR returns on ICEGATE 2.0, use Excel upload, and follow the new quarterly return process for EOUs under the updated 2025 regulations.
Find answers to common questions about the Indian Customs National Trade Portal’s Warehouse Module for licensing, transfers, and monthly returns.
ITAT Delhi rules in Om Prakash Jakhotia case that income must be taxed to the rightful owner, deleting additions based on documents not belonging to assessee.
Gujarat High Court sets aside ITAT’s order, criticising the casual remand of a tax evasion case despite the assessee’s non-compliance.
Gujarat High Court rules B Nanji & Co. can claim interest deduction under Section 36(1)(iii) for borrowed funds used in business expansion via share acquisition.
Punjab & Haryana High Court rules in Rakesh Gupta Vs CIT that tangible information on client code modification justifies income tax re-assessment.
