#Section 147
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Income Tax
Income Tax
SC Nullifies Bombay HC Verdict on full & true disclosure of material facts
Income Tax
Income Tax
AO must intimate Assessee that reassessment proceedings been initiated with due approval
Income Tax
Income Tax
Reopening on mere possibility of revenue loss is based on presumption & is invalid
Income Tax
Income Tax
S. 148 Reopening based on re-appreciation of same material on record not valid
Income Tax
Income Tax
In case of disclosure of material facts of during original assessment proceeding, AO cannot issue re-assessment notice u/s 148 of the Act to find nature of same
Income Tax
Income Tax
Mere Non recording of detailed reason in Assessment Order do not justify the presumption that order been passed without application of mind
Income Tax
Income Tax
AO can issue notice u/s 148 despite non expiry of time limit for issuing notice u/s 143(2)
Income Tax
Income Tax
Sanction for reassessment by JC in a mechanical manner is invalid
Income Tax
Income Tax
A.O Cannot act as a reviewing authorithy u/s 147 of Income Tax Act,1961
Income Tax
Income Tax
Since assessment made u/s 143(3), no notice can be issued without satisfaction of CCIT/CIT – S. 151(1)
Income Tax
Income Tax
Reopening of assessment Beyond a period of 4 years without Approval of Joint Commissioner not valid
Income Tax
Income Tax
Capital expenditure/ revenue expenditure – No reassessment in subsequent years – Reassessment quashed
Income Tax
Income Tax
Reopening based on information received from Investigation Wing, without application of mind not sustainable
Income Tax
Income Tax
S. 147 Reassessment without disposal of preliminary objections not sustainable
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.
