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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 73419 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 63561 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 15231 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 837 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 426 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 345 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 372 Views 0 comment Print

Section 80P Deduction Conditional on Timely Claim in Return Filed U/s 139(1)

February 13, 2024 795 Views 1 comment Print

Explore the ITAT Bangalore verdict on how the statutory deadline for filing returns affects eligibility for deductions under Section 80P, highlighting the case of Madhu Souharda Pathina Sahakari Niyamitha vs ITO.

ITAT Levies Rs. 25,000 Cost Per Appeal on Delinquent Assessee Jet Airways

February 13, 2024 396 Views 0 comment Print

In light of ongoing NCLT insolvency proceedings, ITAT Mumbai orders Jet Airways to contribute Rs 25,000 to the Prime Minister Relief Fund, emphasizing the importance of compliance.

Chandigarh ITAT allows additional evidence in assessments under section 144

February 12, 2024 543 Views 0 comment Print

Chandigarh ITAT allows additional evidence in assessments under section 144, ensuring fair taxpayer treatment and legal compliance.

Kerala HC Extends Tax Filing Deadline for Companies MD Illness

February 12, 2024 321 Views 0 comment Print

Kerala HC allows Lavia Infra Ltd. to submit missing documents due to MD’s illness, giving six weeks for compliance with Income Tax Act, 1961.

Assessment Order on Old PAN Appealable Despite New PAN allotment: Kerala HC

February 9, 2024 435 Views 0 comment Print

Kerala High Court rules that an income tax assessment order passed on an old PAN is appealable even if a new PAN is issued, provided the old PAN is active.

Reassessment: Invalid if AO’s Belief Lacks Bona Fides, Is Vague and Arbitrary

February 9, 2024 450 Views 0 comment Print

Explore the Jharkhand High Court’s decision in Pasari Casting vs. Income Tax Department, addressing a critical tax reassessment issue. A detailed analysis inside.

ITAT Delhi: Deletion of Income Addition due to Duplicate Entries in Form 26AS

February 8, 2024 588 Views 0 comment Print

ITAT Delhi’s order in Julius Gerardus Van Wijck Vs DCIT case. Deletion of income addition from other sources due to duplicate entries in Form 26AS. Detailed analysis provided.

ITAT delete Section 271A Penalty: AO Fails to Prove Appellant’s Business Mandating Books under Section 44AA

February 2, 2024 507 Views 0 comment Print

Read the detailed analysis of Amey Pravinbhai Brahmbhatt Vs ITO case where ITAT Ahmedabad deleted the penalty under section 271A for failure to fulfill conditions u/s 44 AA of Income Tax Act.

Kerala HC sets aside assessment order, citing violation of natural justice

January 22, 2024 627 Views 0 comment Print

Kerala High Court sets aside assessment order in Biju Paul vs ACIT, citing violation of natural justice. Learn about the case and its implications.

Section 144C(4) – Assessment Order Time-Barred if Objections Filed After Limitation: Delhi HC

January 21, 2024 693 Views 0 comment Print

Delhi ITAT rules on time limitation for Assessment Order under Sec 144C(4). Analysis of objections filing, jurisdiction, and compliance with Income Tax Act. Full order details provided.