#Reassessment
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1,177 articlesIncome Tax
Income Tax
Mere reason to believe that income has escaped assessment not sufficient to reopen assessments beyond 4 years
Income Tax
Income Tax
Reassessment for taxing Royalty at higher rate due to change in opinion not valid
Income Tax
Income Tax
Re-opening being exceptional power, revenue to comply pre-requisite condition of ‘reasons’ strictly
Income Tax
Income Tax
Reopening u/s 147 based on mere office note of predecessor AO not permissible
Income Tax
Income Tax
Assessment U/s. 147 not valid when time for scrutiny assessment U/s. 143(3) not lapsed
Income Tax
Income Tax
Reopening by simply treating loan entry as income which has escaped from assessment is not appropriate
Income Tax
Income Tax
Mere copy of notice given during reassessment proceedings will not meet mandatory requirement of issue & service of notice
Income Tax
Income Tax
Section 147 can be invoked only if AO has reason to believe that taxable income has escaped assessment
Income Tax
Income Tax
Sec.292BB- Service of Notice- Objection raised prior to completion of reassessment is valid
Income Tax
Income Tax
Reopen proceedings not valid in absence of any tangible material to substantiate escaped income
Income Tax
Income Tax
A collective understanding of Assessment Procedures
Income Tax
Income Tax
Reopening despite submission of all facts in relation to deduction claimed by assessee during original assessment is impermissible
Income Tax
Income Tax
Regarding unfettered power of reassessment u/s 147- Now IT Dept & Assessee are 3 each
Income Tax
Income Tax
