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Reassessment

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Section 147 to 153 Income Escaping Assessment (Reopening of Cases)

Income Tax : Learn about Section 147 to 153 Income Escaping Assessment and Reopening of Cases Under Income Tax Act, 1961. Get guidance on the p...

December 10, 2023 15675 Views 5 comments Print

Validity of Section 148A(b) & Section 148A(d) Proceedings: Legal Analysis

Income Tax : Explore legality of Section 148A(b) & Section 148A(d) proceedings post Finance Act 2021. Understand implications of local assessm...

October 21, 2023 4404 Views 0 comment Print

Reassessment proceedings against struck off company invalid unless revived u/s 252 of Companies Act

Income Tax : In a recent case, Madras High Court rules on reassessment proceedings against a struck-off company, highlighting the need for rev...

October 12, 2023 984 Views 0 comment Print

Critical Role of Initial Enquiry under Section 148A(a) for Taxpayer Protection

Income Tax : Understand the critical role of the initial enquiry under Section 148A(a) for taxpayer protection in income tax assessments. Explo...

July 12, 2023 5316 Views 0 comment Print

Critical Analysis of New Reassessment Provisions: Section 148, 148A and 149

Income Tax : Read this critical analysis of the new reassessment provisions introduced by the Finance Act, 2021. Understand the changes in Sect...

July 10, 2023 31836 Views 2 comments Print


Latest News


Request to amend section 151 Sanctioning Authority for reassessment

Income Tax : Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 14...

July 25, 2022 6420 Views 0 comment Print

Request to clarify on SC judgement on Section 148 notices

Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...

May 12, 2022 6882 Views 0 comment Print

Indiscriminate Income Tax notices without allowing reasonable time

Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...

March 20, 2022 12846 Views 0 comment Print

Extend Time Limit for Income Tax Assessment time barring on 31.3.2022

Income Tax : Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time bar...

March 20, 2022 41148 Views 2 comments Print

Notices for assessment/reassessment of income of old cases

Income Tax : Under the provisions of Income-tax Act, 1961, notices for assessment/reassessment of income of old cases of more than six years fr...

August 3, 2018 1884 Views 0 comment Print


Latest Judiciary


Reassessment cannot be based solely on reasons borrowed from other departments or reports

Income Tax : In case of Balaji Mines And Minerals Pvt Ltd vs ACIT, Bombay High Court ruled that reassessment cannot be based solely on reasons ...

May 5, 2024 1047 Views 0 comment Print

Allahabad HC Invalidates Notice u/s. 148A(b) for Service to Unregistered Email ID

Income Tax : Allahabad High Court held that valid service of notice under section 148 of the Income Tax Act is a condition precedent for making...

March 23, 2024 2790 Views 0 comment Print

HC Quashes Reassessment Notice: Approval Granted Without Application of Mind

Income Tax : Delhi High Court judgment in Sanjay Kumar Vs ACIT reveals flaws in reassessment proceedings, jurisdictional issues, and errors in ...

March 22, 2024 654 Views 0 comment Print

Revision of Reassessment Order Not Valid if no additions were made based on reasons for reopening

Income Tax : Delve into the case of Paramjit Singh Vs PCIT (ITAT Delhi) regarding jurisdiction under section 263 of the Income-tax Act, 1961, a...

March 20, 2024 417 Views 0 comment Print

Bombay HC Quashes Income Tax Reassessment Notice for AY 2013-14 as Time-barred

Income Tax : Bombay High Court quashes income tax reassessment notice for Assessment Year 2013-2014 as time-barred. Detailed analysis of the ca...

February 27, 2024 1212 Views 0 comment Print


Latest Notifications


Limitation date for reopening cases related to Ashish Agarwal judgment

Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...

February 6, 2023 5220 Views 0 comment Print

Time barring date for reopening cases arising out of SC direction

Corporate Law : Income Tax Gazetted Officers’ Association (W.B.) Unit Date: 02.02.2023. To The Principal Chief Commissioner of Income Tax, W...

February 2, 2023 2898 Views 0 comment Print

Case reopened in light of SC judgment in Ashish Agarwal to be completed by 31.05.2023

Income Tax : CBDT directed that cases reopened u/s 147/148A in consonance with Judgement of SC in case of UoI vs. Ashish Agarwal & CBDT instruc...

January 27, 2023 13875 Views 1 comment Print

Carry out due verification before initiating Section 148/147 proceedings: CBDT

Income Tax : Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs i...

August 22, 2022 13101 Views 0 comment Print

Revised Guideline for Issue of Section 148 Notice

Income Tax : Salient features of new Section 148 to 151A 'i.e. assessment/reassessment procedure of Income Escaping Assessment...

August 1, 2022 71979 Views 1 comment Print


Delhi HC Sets Aside Assessment Order which was based on Wrongful Allegations

November 9, 2023 1365 Views 0 comment Print

Delhi High Court sets aside an assessment order in a case involving wrongful allegations of non-current investments made in share application money of an entity.

Delhi HC Suspends Tax Reassessment Pending AAR Decision

November 2, 2023 447 Views 0 comment Print

Delhi High Court’s decision in Bid Services Division (Mauritius) Ltd. Vs DCIT: Reassessment proceedings suspended pending AAR decision.

Burden of Proving Concession Shifts from Assessee to Department in Reassessment Proceedings: Allahabad HC

November 1, 2023 369 Views 0 comment Print

Allahabad High Court ruling: In original proceedings, the burden to prove claimed concessions is on the assessee; it shifts to the department in reassessment. Analysis.

Income Tax Act Orders Should Initially Undergo Appeals, Not Immediate Writ Challenges

November 1, 2023 627 Views 0 comment Print

Allahabad High Court addresses Income Tax Act, reaffirming that appealable orders must be pursued before invoking writ jurisdiction. Learn more.

Validity of Section 148A(b) & Section 148A(d) Proceedings: Legal Analysis

October 21, 2023 4404 Views 0 comment Print

Explore legality of Section 148A(b) & Section 148A(d) proceedings post Finance Act 2021. Understand implications of local assessments in a faceless era.

Reassessment proceedings against struck off company invalid unless revived u/s 252 of Companies Act

October 12, 2023 984 Views 0 comment Print

In a recent case, Madras High Court rules on reassessment proceedings against a struck-off company, highlighting the need for revival under the Companies Act.

ITAT upheld Section 147 reopening as AO had tangible material in his possession

September 30, 2023 345 Views 0 comment Print

In the case of Lakshman Tools Pvt. Ltd. Vs. ITO (ITAT Delhi), learn about the validity of Section 147 application, non-genuine purchases, and commission payments.

Reassessment On Suspicion For Making Further Inquiry Unsustainable

September 26, 2023 711 Views 0 comment Print

Explore Gujarat High Court case of Artiben Patel vs ITO regarding tax reassessment. Learn about legal arguments and conclusions in this detailed analysis.

Kerala HC Quashes Section 148A Notice/order passed Without Opportunity for Hearing

September 24, 2023 3999 Views 0 comment Print

Kerala High Court quashes Income Tax Act Section 148A notice and order, citing absence of a reasonable opportunity for petitioner to be heard

Reassessment without jurisdiction if grounds on which reassessment notice was issued were not found to exist

September 22, 2023 873 Views 0 comment Print

Explore the ITAT Amritsar order in the case of Smt. Bharti Singh vs. ACIT, covering reassessment jurisdiction, reasons, and legal implications.

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