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Section 144

Latest Articles


GST on Rental Income & different types of income tax assessments

CA, CS, CMA : This article explains the GST implications of rental income and provides an overview of the different types of income tax assessme...

December 2, 2024 6561 Views 1 comment Print

Time limit for issuing different income-tax notices & completion of assessment

Income Tax : Understand the time limits for issuing income tax notices and completing assessments, including updates from the Finance Acts of 2...

September 2, 2024 3321 Views 0 comment Print

Rectification, Assessment, and Appeal under Income Act, 1961

Income Tax : Learn about rectifying mistakes in income tax orders under Section 154, including types of rectifiable orders, responsible authori...

September 2, 2024 1701 Views 0 comment Print

FAQs on Assessments under Income-tax Law

Income Tax : Explore common FAQs on income tax assessments, including types, procedures, and time limits for sections 143, 144, and 147....

August 27, 2024 83736 Views 7 comments Print

What is assessment under the income tax act, 1961, and How many types of it are there?

Income Tax : Understanding assessment under the income tax act, 1961. Learn about the different types of assessments and their implications for...

August 16, 2022 72279 Views 0 comment Print


Latest News


Budget 2024: CIT(A) can Refer Section 144 Best Judgment Assessments Back to AO

Income Tax : Starting October 1, 2024, Commissioners (Appeals) will gain new powers to set aside and refer best judgment assessments back to As...

July 26, 2024 4704 Views 0 comment Print


Latest Judiciary


Section 249(4)(b) mandates that appeal not to be admitted unless advance tax is paid: ITAT Ahmedabad

Income Tax : AO observed that there was substantial undisclosed income, as the assessee admitted to unaccounted business income amounting to Rs...

December 4, 2024 321 Views 0 comment Print

Addition on account of cash deposit: ITAT Orders Fresh Assessment  

Income Tax : ITAT Surat remands Mahesh Desai's appeal to AO, allowing him to substantiate cash deposits after prior ex parte decisions, upholdi...

December 1, 2024 5187 Views 0 comment Print

Reassessment order quashed as mandatory requirement of notice u/s. 143(2) not complied

Income Tax : ITAT Chandigarh held that reassessment order under section 147 of the Income Tax Act cannot be passed without compliance with mand...

November 30, 2024 957 Views 0 comment Print

Ex-parte order confirming addition of entire cash deposits during demonetization not justified

Income Tax : ITAT Ahmedabad held that addition towards entire cash deposits during demonetization period by passing ex-parte order due to non-c...

November 29, 2024 630 Views 0 comment Print

No addition with regard to closing balance of old loan can be made u/s. 68: ITAT Surat

Income Tax : CIT(A) confirmed the addition to the extent of Rs.1.42 crores and remaining addition of Rs.3.35 crores, which was closing balance ...

November 26, 2024 537 Views 0 comment Print


Latest Posts in Section 144

Section 249(4)(b) mandates that appeal not to be admitted unless advance tax is paid: ITAT Ahmedabad

December 4, 2024 321 Views 0 comment Print

AO observed that there was substantial undisclosed income, as the assessee admitted to unaccounted business income amounting to Rs.3,50,04,000/- during the search proceedings but did not file a return for the assessment year 2014-15.

GST on Rental Income & different types of income tax assessments

December 2, 2024 6561 Views 1 comment Print

This article explains the GST implications of rental income and provides an overview of the different types of income tax assessments under the Income Tax Act, 1961.

Addition on account of cash deposit: ITAT Orders Fresh Assessment  

December 1, 2024 5187 Views 0 comment Print

ITAT Surat remands Mahesh Desai’s appeal to AO, allowing him to substantiate cash deposits after prior ex parte decisions, upholding fair hearing principles.

Reassessment order quashed as mandatory requirement of notice u/s. 143(2) not complied

November 30, 2024 957 Views 0 comment Print

ITAT Chandigarh held that reassessment order under section 147 of the Income Tax Act cannot be passed without compliance with mandatory requirement of notice under section 143(2) of the Income Tax Act. Thus, order passed u/s. 144 r/w 147 set aside.

Ex-parte order confirming addition of entire cash deposits during demonetization not justified

November 29, 2024 630 Views 0 comment Print

ITAT Ahmedabad held that addition towards entire cash deposits during demonetization period by passing ex-parte order due to non-compliance by assessee without examining on merits unjustified. Accordingly, matter restored back to AO for fresh examination.

No addition with regard to closing balance of old loan can be made u/s. 68: ITAT Surat

November 26, 2024 537 Views 0 comment Print

CIT(A) confirmed the addition to the extent of Rs.1.42 crores and remaining addition of Rs.3.35 crores, which was closing balance of loans were deleted. Further aggrieved, the revenue has filed present appeal before the Tribunal.

Addition u/s. 69A sustained since assessee remained non-compliant: ITAT Ahmedabad

November 26, 2024 1116 Views 0 comment Print

During the course of assessment proceedings, AO noticed that there was cash deposit of Rs. 36,48,000/- and credit entries of Rs. 21,93,269/-. AO observed that inspite of repeated reminders, assessee failed to submit the reply.

Reassessment notice under section 148 served after date of limitation is bad-in-law: ITAT Kolkata

November 22, 2024 5757 Views 0 comment Print

ITAT Kolkata held that reassessment order quashed since notice issued under section 148 of the Income Tax Act was served after the date of limitation. Since issuance of notice is bad in law, consequent orders is liable to be quashed.

Amount received in advance leviable to tax in the year of its collection: Madras HC

November 20, 2024 1641 Views 1 comment Print

The First Appellate authority further directed the assessing authority to reopen the assessment proceedings for the A.Y. 2010-11 and from 2012-13 onwards to disallow the set off of the claim of unabsorbed depreciation computed from 1998-99 onwards.

Excess interest to be refunded back as rule 8(3) is ultra vires to section 11AB(1) of Central Excise Act

November 19, 2024 120 Views 0 comment Print

Petitioner is engaged in manufacturing of Duplex Board. The present writ petition has been preferred seeking to recover a sum of Rs.3,66,649/- which was paid by the petitioner to the Department as interest in excess of actual interest liability.

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