#Section 147
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Income Tax
Income Tax
Despite specific queries in scrutiny assessment, AO cannot be said to have formed any opinion if explicit opinion not recorded
Income Tax
Income Tax
Clarificatory Note – Reg. provisions of section 147 r.w. Explanation 3 thereto, of I.T. Act, 1961
Income Tax
Income Tax
Reassessment not permissible if reasons recorded are merely change of opinion
Income Tax
Income Tax
Period of limitation for CIT order u/s 263 for issue, which is not the subject matter of reassessment
Income Tax
Income Tax
If AO has examined the issue of loss arising out of fluctuation in foreign exchange, then reassessment cannot be initiated
Income Tax
Income Tax
Reassessment proceedings u/s.147 read with 148 of the Act cannot be initiated merely based on the audit report
Income Tax
Income Tax
Non-issue of s. 143(2) notice renders s. 147 assessment order invalid
Income Tax
Income Tax
Proviso to Section 14A bars reassessment but not original assessment on the basis of the retrospective amendment
Income Tax
Income Tax
Assessment beyond a period of four years can not be re-opened where there is full and true disclosure of all material facts by assessee
Income Tax
Income Tax
Reopening without proper application of Mind by Assessing officer is invalid
Income Tax
Income Tax
Section 147 of Income-tax Act – Unless twin conditions of proviso to section 147 are satisfied, notice issued under section 148 is without jurisdiction and on that ground alone notice is liable to be quashed
Income Tax
Income Tax
Reassessment beyond four years on the basis of retrospective amendment not justified
Income Tax
Income Tax
Reopening under section 147 on mechanical basis void even where s. 143(3) assessment not made
Income Tax
Income Tax
ITAT – Anguish over ITAT deciding case on a casual, offhanded and cavalier manner – Delhi HC
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.
