#Section 147
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Income Tax
Income Tax
Revenue Must have Tangible Material to initiate income escaping Assessment
Income Tax
Income Tax
Completion of reassessment without issue of reasons is invalid: HC
Income Tax
Income Tax
Reopening of assessment not permissible where charges on Assessee are not specific: HC
Income Tax
Income Tax
Reopening to rectify Mistake committed during Original Assessment not permissible
Income Tax
Income Tax
Re-opening of assessment not permissible on same set of materials considered in original assessment
Income Tax
Income Tax
Issue of notice u/s 143(2) before finalisation of reassessment order is mandatory
Income Tax
Income Tax
AO not empowered to initiate reassessment proceedings upon a mere change of opinion
Income Tax
Income Tax
AO is time bound to dispose of objections in response to notice u/s 148 by a speaking order: HC
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
Analysis of materials after reopening of assessment is post mortem exercise which is not permitted u/s 147 : HC
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
Reassessment u/s 150(1) due to an appeal not permissible if it’s already time barred
Income Tax
Income Tax
Entire law on whether reopening of assessment in the absence of "fresh tangible material" is permissible reviewed
Explore the latest Section 147 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
