Sponsored
    Follow Us:

Section 148

Latest Articles


Budget 2025: Block Assessment Amendments in Income Tax Search Cases

Income Tax : Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and ti...

February 7, 2025 549 Views 0 comment Print

Landmark Rulings on Reassessment u/s 148 – Post 2021 Amendments

Income Tax : Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, an...

February 7, 2025 2163 Views 0 comment Print

Union Budget 2025: Exhaustive Analysis of Changes under Income Tax Law

Income Tax : Union Budget 2025-26 introduces tax reforms, revised income tax slabs, increased rebate under Section 87A, and changes in TDS/TCS ...

February 2, 2025 2646 Views 0 comment Print

AO’s Power to Reopen Cases vs. Preventing Arbitrary Exercise of Authority

Income Tax : Explore the Bombay High Court's decision on reassessment under Section 147, balancing tax authority powers with procedural safegua...

January 2, 2025 612 Views 0 comment Print

Reassessment Post-TOLA & Finance Act 2021: Union of India v. Rajeev Bansal

Income Tax : SC clarifies reassessment notices under TOLA and Finance Act 2021 in Union of India v. Rajeev Bansal. Learn how decision impacts t...

December 16, 2024 1455 Views 0 comment Print


Latest News


Budget 2024: Block Assessment provisions for Section 132 & 132A Searches

Income Tax : Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A...

July 23, 2024 1107 Views 0 comment Print

Budget 2024: Amendments to Income-tax Assessment & Reassessment Provisions  

Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...

July 23, 2024 2388 Views 0 comment Print

Request to amend section 151 Sanctioning Authority for reassessment

Income Tax : Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 14...

July 25, 2022 6558 Views 0 comment Print

Request to clarify on SC judgement on Section 148 notices

Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...

May 12, 2022 7029 Views 0 comment Print

Indiscriminate Income Tax notices without allowing reasonable time

Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...

March 20, 2022 12957 Views 0 comment Print


Latest Judiciary


Bogus Purchases Addition: ITAT Remands Case to CIT(A) Over Ex Parte Dismissal

Income Tax : ITAT Ahmedabad remands Hari Krushna Machintech Pvt Ltd's appeals to CIT(A) for reassessment. Issues include ex-parte dismissal and...

February 11, 2025 12 Views 0 comment Print

Alleged Bogus LTCG from penny stocks: ITAT Kolkata invalidates reassessment due to lack of tangible evidence

Income Tax : ITAT Kolkata invalidates reassessment in Pradip Kumar Jajodia HUF case, citing lack of tangible evidence for alleged bogus LTCG on...

February 11, 2025 15 Views 0 comment Print

Interest on enhanced compensation u/s. 28 of Land Acquisition Act is taxable: ITAT Delhi

Income Tax : ITAT Delhi held that interest on enhanced compensation under section 28 of Land Acquisition Act, 1894 is not exempt u/s. 10(37). S...

February 11, 2025 18 Views 0 comment Print

Delay in filing income tax return results into imposition of penalty and prosecution: Karnataka HC

Income Tax : Karnataka High Court held that delay in filing of income tax returns results into imposition of penalty and prosecution. Payment o...

February 11, 2025 18 Views 0 comment Print

Reopening u/s. 148 after four years without failure to disclose material facts unsustainable

Income Tax : ITAT Bangalore held that reopening of assessment under section 148 after expiry of four years without failure on part of assessee ...

February 10, 2025 201 Views 0 comment Print


Latest Notifications


Guidelines for issuance of notice u/s 148 of the Income Tax Act, 1961

Income Tax : Explore the latest guidelines for issuing notice under Section 148 of the Income Tax Act, 1961. Understand key procedures, amendme...

June 28, 2024 29157 Views 0 comment Print

Instructions to AO’s for initiating Section 147 proceedings in e-Verification cases

Income Tax : Explore e-Verification Instruction No. 2 of 2024 from the Directorate of Income Tax (Systems). Detailed guidelines for AOs under I...

March 1, 2024 3975 Views 0 comment Print

Limitation date for reopening cases related to Ashish Agarwal judgment

Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...

February 6, 2023 5499 Views 0 comment Print

Time barring date for reopening cases arising out of SC direction

Corporate Law : Income Tax Gazetted Officers’ Association (W.B.) Unit Date: 02.02.2023. To The Principal Chief Commissioner of Income Tax, W...

February 2, 2023 3015 Views 0 comment Print

Carry out due verification before initiating Section 148/147 proceedings: CBDT

Income Tax : Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs i...

August 22, 2022 13995 Views 0 comment Print


Latest Posts in Section 148

Bogus Purchases Addition: ITAT Remands Case to CIT(A) Over Ex Parte Dismissal

February 11, 2025 12 Views 0 comment Print

ITAT Ahmedabad remands Hari Krushna Machintech Pvt Ltd’s appeals to CIT(A) for reassessment. Issues include ex-parte dismissal and addition for bogus purchases.

Alleged Bogus LTCG from penny stocks: ITAT Kolkata invalidates reassessment due to lack of tangible evidence

February 11, 2025 15 Views 0 comment Print

ITAT Kolkata invalidates reassessment in Pradip Kumar Jajodia HUF case, citing lack of tangible evidence for alleged bogus LTCG on penny stock transactions.

Interest on enhanced compensation u/s. 28 of Land Acquisition Act is taxable: ITAT Delhi

February 11, 2025 18 Views 0 comment Print

ITAT Delhi held that interest on enhanced compensation under section 28 of Land Acquisition Act, 1894 is not exempt u/s. 10(37). Such interest is exigible to tax u/s. 56(2)(viii) r.w.s. 145B(1). Accordingly, appeal of the assessee dismissed.

Delay in filing income tax return results into imposition of penalty and prosecution: Karnataka HC

February 11, 2025 18 Views 0 comment Print

Karnataka High Court held that delay in filing of income tax returns results into imposition of penalty and prosecution. Payment of penalty for delay in filing return doesn’t exonerate petitioner from being prosecuted.

Reopening u/s. 148 after four years without failure to disclose material facts unsustainable

February 10, 2025 201 Views 0 comment Print

ITAT Bangalore held that reopening of assessment under section 148 after expiry of four years without failure on part of assessee to disclose fully and truly all material facts is invalid and hence liable to be quashed.

ITAT Patna Remands ₹1.32 crore addition Case to CIT(A) for Review

February 9, 2025 228 Views 0 comment Print

ITAT Patna remands case of unexplained ₹1.32 crore cash deposits to CIT(A) after assessee claims no tax liability due to low income. Fresh review directed.

Second Section 148A(b) notice cannot be supplemental to first, if it raises entirely new issues

February 9, 2025 5250 Views 0 comment Print

Delhi HC quashes supplementary Section 148A(b) notice issued by AO, citing time limit and monetary limit violations. Highlights limitations under Section 149 of IT Act.

NFAC has exclusive power to issue Income Tax Section 148 notice: P&H HC

February 9, 2025 507 Views 0 comment Print

Punjab & Haryana HC quashes reassessment notices, ruling that only NFAC can issue Sec 148 notices under CBDT circular. Read more on jurisdictional authority.

Bombay HC Quashes Reassessment Order for failure to separately dispose objections

February 9, 2025 252 Views 0 comment Print

Bombay High Court sets aside Kesar Terminals’ reassessment, ruling that combining objection disposal and assessment violated natural justice and procedural fairness.

Interconnect Charges Not Taxable as Royalty: ITAT Bangalore

February 8, 2025 150 Views 0 comment Print

ITAT Bangalore upheld CIT(A)’s decision, ruling that interconnect charges paid to A1 Telekom Austria are not taxable as royalty under the Income Tax Act or DTAA.

Sponsored
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728