#Reassessment
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1,177 articlesIncome Tax
Income Tax
Reopening under section 147 on mechanical basis void even where s. 143(3) assessment not made
Income Tax
Income Tax
Reopening of assessment under section 147 for mistakes that could be rectified under section 154 is invalid
Income Tax
Income Tax
Reasons recorded by AO for reopening an assessment are the only reasons which can be considered when formation of belief is impugned
Income Tax
Income Tax
Re-Assessment can not be initiated just because AO feels he failed to verify things properly during regular Assessment
Income Tax
Income Tax
Recourse to the power under Section 147 cannot be sustained on a mere change of opinion
Income Tax
Income Tax
S.153A does not authorize de novo assessment. Non-pending assessments do not abate. Additions must be confined to search material.
Income Tax
Income Tax
Income cannot be reassessed on a mere change of opinion
Income Tax
Income Tax
AO deemed to have applied his mind if facts are on record
Income Tax
Income Tax
The assessing authority cannot act on the dictates of the Commissioner to reopen the concluded assessment
Income Tax
Income Tax
Date of reckoning for limitation period provided U/s.154(7) of Income Tax Act, 1961
Income Tax
Income Tax
Validity of re-opening when no concealment of income and department applied higher tax rate of tax for framing re-assessment
Income Tax
Income Tax
Validity of notice u/s. 148 of the IT Act, 1961 by affixture when no material on record to show effort made by AO
Income Tax
Income Tax
Change in method of valuation of closing stock allowed if such change is bona fide and assessee has proper reasons for such change
Income Tax
Income Tax
