#Section 147
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Income Tax
Income Tax
Reassessment on the basis of Income Tax amendment not justified
Income Tax
Income Tax
HC Reverses Law on Supply of Reasons for Reopening – Need not be supplied within limitation period
Income Tax
Income Tax
S.147 Change of opinion if AO not specifically apply his mind? Referred to Full Bench
Income Tax
Income Tax
s.148 notice beyond 4 years without compliance of s.147 & s.151(2) not valid
Income Tax
Income Tax
Validity of notice u/s 148 for re-opening of assessment when jurisdiction was founded merely on the possibility of escapement
Income Tax
Income Tax
S.148 notice after 4 years not valid if Assessee disclosed full & true particular of claim at the time of original assessment proceeding
Income Tax
Income Tax
Extension of time for completion of assessments and reassessments
Income Tax
Income Tax
Budget 2012 – Reopening time limit Increased to 16 Years for income in relation to asset located outside India
Income Tax
Income Tax
Reopening Notice u/s 147 issued within Limitation Period but served after Limitation Period is valid
Income Tax
Income Tax
Section 147 applies both to section 143(1) as well as section 143(3) – No reopening u/s 147 in absence of ‘new material’
Income Tax
Income Tax
For exercise of power U/s. 263, it is mandatory that order passed by AO should be erroneous and prejudicial to interest of Revenue
Income Tax
Income Tax
Delay in notice U/s. 143(2) Renders Assessment Void – HC
Income Tax
Income Tax
Retrospective amendment no basis to reopen beyond 4 years – HC Disapproves AO’s Practice to Delay Passing Objection Orders
Income Tax
Income Tax
Sanction of CIT instead of JCIT renders reopening u/s. 147 of Income Tax Act invalid
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.
