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Section 144

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FAQs on Assessments under Income-tax Law

Income Tax : Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing ...

June 29, 2023 73443 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 63582 Views 0 comment Print

Provisions for filing of updated Income Tax return in Budget 2022

Income Tax : Provisions for filing of updated return Section 139 of the Act is related to the provisions for filing of Income Tax Return by tax...

February 1, 2022 5292 Views 0 comment Print

Addition for Cash deposited in Bank out of Business receipts: Draft Submission

Income Tax : The case of the assessee was decided ex-parte u/s 144 of the Income Tax Act, 1961 in which a demand of Rs. 2320480/- has been crea...

September 25, 2021 15237 Views 0 comment Print

In a best judgement assessment the AO has to make guesswork but honest guess work

Income Tax : The officer is to make an assessment to the best of his judgment against a person who is in default as regards supplying informati...

August 19, 2021 8550 Views 0 comment Print


Latest Judiciary


Reassessment of completed assessment Without Incriminating Material Untenable: Delhi HC

Income Tax : Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “h...

April 12, 2024 861 Views 0 comment Print

Assessee can challenge jurisdiction of authority issuing assessment order within a month

Income Tax : Regional Oilseeds Growers Co-operative Societies Union Ltd. vs JCIT: ITAT upholds jurisdiction limitation, dismissing appeal regar...

April 12, 2024 435 Views 0 comment Print

Kerala HC allows Alka Ventures Appeal on Condition of ₹12 Crore Advance Tax deposit

Income Tax : Kerala High Court orders Alka Ventures Pvt Ltd to pay 12 crore as advance tax for appeal against assessment order. Details of the ...

April 9, 2024 144 Views 0 comment Print

Ex-Parte Order Remanded for Denial of Proper Opportunity: Mumbai ITAT

Income Tax : In the case of Mohd Shahid Mohd Yusuf Qureshi Vs DCIT (ITAT Mumbai), an ex-parte order was remanded due to denial of proper opport...

April 5, 2024 348 Views 0 comment Print

Share capital/premium cannot be added to income for mere non-compliance of summons by subscribers

Income Tax : In the Nano Infra Promoters Pvt Ltd vs ITO case at ITAT Kolkata, learn why receipts couldn't be added to income under section 68 j...

April 4, 2024 375 Views 0 comment Print


Latest Posts in Section 144

Reassessment of completed assessment Without Incriminating Material Untenable: Delhi HC

April 12, 2024 861 Views 0 comment Print

Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “have a bearing on the determination of the total income”. Thus, AO seeking to reassess completed assessment without incriminating material is untenable in law.

Assessee can challenge jurisdiction of authority issuing assessment order within a month

April 12, 2024 435 Views 0 comment Print

Regional Oilseeds Growers Co-operative Societies Union Ltd. vs JCIT: ITAT upholds jurisdiction limitation, dismissing appeal regarding assessing authority’s jurisdiction challenge under Income Tax Act.

Kerala HC allows Alka Ventures Appeal on Condition of ₹12 Crore Advance Tax deposit

April 9, 2024 144 Views 0 comment Print

Kerala High Court orders Alka Ventures Pvt Ltd to pay 12 crore as advance tax for appeal against assessment order. Details of the judgment provided.

Ex-Parte Order Remanded for Denial of Proper Opportunity: Mumbai ITAT

April 5, 2024 348 Views 0 comment Print

In the case of Mohd Shahid Mohd Yusuf Qureshi Vs DCIT (ITAT Mumbai), an ex-parte order was remanded due to denial of proper opportunity. Full analysis here.

Share capital/premium cannot be added to income for mere non-compliance of summons by subscribers

April 4, 2024 375 Views 0 comment Print

In the Nano Infra Promoters Pvt Ltd vs ITO case at ITAT Kolkata, learn why receipts couldn’t be added to income under section 68 just for summons non-compliance.

Kerala HC dismisses writ petition citing availability of an alternative remedy

March 31, 2024 282 Views 0 comment Print

Kerala High Court dismisses writ petition citing availability of an alternative remedy before ITAT. Details of the case and judgment here.

ITAT Remands Matter, Imposes Cost on Assessee for Lack of Cooperation

March 31, 2024 258 Views 0 comment Print

Read about the ITAT Ahmedabad’s decision in the case of Vivekkumar S Bhavsar vs ITO, where the matter was remanded back to the AO due to lack of cooperation from the assessee. A cost of Rs. 5000 was imposed on the assessee, payable to the Prime Minister National Relief Fund.

Section 251 not empowers CIT(A) to discover new income source: ITAT Ahmedabad

March 28, 2024 513 Views 0 comment Print

Analysis of Rotex Enterprises P. Ltd. Vs DCIT case: CIT(A) exceeded jurisdiction under section 251, ITAT Ahmedabad rules, disallowances unsustainable.

ITAT Quashes Assessment Order for Lack of Property Valuation Report

March 28, 2024 594 Views 0 comment Print

Read the detailed analysis of the ITAT Hyderabad order quashing the assessment for A.Y. 2009-10 due to absence of property valuation report. Learn about the case of Khairunnisa Vs ITO.

ITAT directs CIT(A) to Condone 857-Day Delay considering change in residence & age

March 27, 2024 282 Views 0 comment Print

ITAT Chennai directs condonation of delay in appeal filing due to valid reasons including 56 pre-COVID days, advancing substantial justice.