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Section 148

Latest Articles


11 Latest Amendments in Income Tax: Analysis & Implications

Income Tax : Explore the latest changes in Income Tax laws, including extinguishment of demands, return processing, form amendments, exemptions...

March 31, 2024 14382 Views 2 comments Print

Wrong SFT Reporting may invite Notice U/s 148A of Income Tax Act, 1961

Income Tax : Discover the consequences of incorrect SFT reporting triggering U/s 148A notices under the Income Tax Act, 1961. Learn from a deta...

February 27, 2024 2961 Views 0 comment Print

Proposed Penal Provision For Non Registration of Machines In GST

Goods and Services Tax : Explore the proposed penalties in Finance Bill 2024 for non-registration of machines under GST. Analysis of Section 122A and the i...

February 13, 2024 4749 Views 0 comment Print

Section 153A & 153C of Income Tax Act: Analysis & Implications

Income Tax : Delve into the provisions of Income Tax Act Sections 153A & 153C, governing assessments after search or requisition. Learn from co...

February 8, 2024 3174 Views 0 comment Print

Draft Format of letter for filing objection to Section 148 Income Tax notice

Income Tax : Learn how to draft a letter objecting to a notice under Section 148 of the Income Tax Act, 1961. Understand the legal aspects, nec...

February 6, 2024 8373 Views 0 comment Print


Latest News


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 6399 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 6864 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 12813 Views 0 comment Print

Extend Time Limit for Income Tax Assessment time barring on 31.3.2022

Income Tax : Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time bar...

March 20, 2022 40995 Views 2 comments Print

Recall section 148 issued notice under old law after 31.03.2021

Income Tax : DTPA has made a representation to Finance Minister, Smt. Nirmala Sitharaman and requested for for recalling notices under section...

July 5, 2021 21135 Views 3 comments Print


Latest Judiciary


NFAC Cannot Invoke Section 144B if failed to Lodge Claim Within CIRP Timeframe

Income Tax : Delhi HC explains why NFAC cannot invoke Section 144B of the Income Tax Act if a claim is not lodged within the Corporate Insolven...

April 19, 2024 117 Views 0 comment Print

One assessment order per assessee per assessment year should prevail unless annulled or set aside

Income Tax : The court's deliberation highlights the absence of any challenge to the initial re-assessment order or its revision by the Commiss...

April 19, 2024 144 Views 0 comment Print

ITAT Upholds PCIT’s Decision on Erroneous Assessment Orders and Inadequate Inquiries in Tax Evasion Case

Income Tax : ITAT upholds PCIT's decision on erroneous assessment orders in tax evasion case. Changela's appeals dismissed as inadequate inquir...

April 18, 2024 339 Views 0 comment Print

Expenses Cannot Be Disallowed Without Assessee’s Claim in the Relevant Year

Income Tax : Analyzing the case of Sunil Dhirubhai Patel vs ITO, where expenses were disallowed despite not being claimed by the assessee, and ...

April 18, 2024 351 Views 0 comment Print

Insufficient time given for Compliance: HC quashes order & directs de novo consideration

Income Tax : Bombay High Court quashes order under Section 148A(d) of the Income Tax Act, citing insufficient time due to weekends, holidays, r...

April 18, 2024 258 Views 0 comment Print


Latest Notifications


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 1929 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 5163 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 2874 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 12837 Views 0 comment Print

Revised Guideline for Issue of Section 148 Notice

Income Tax : Salient features of new Section 148 to 151A 'i.e. assessment/reassessment procedure of Income Escaping Assessment...

August 1, 2022 69990 Views 1 comment Print


Latest Posts in Section 148

NFAC Cannot Invoke Section 144B if failed to Lodge Claim Within CIRP Timeframe

April 19, 2024 117 Views 0 comment Print

Delhi HC explains why NFAC cannot invoke Section 144B of the Income Tax Act if a claim is not lodged within the Corporate Insolvency Resolution Process (CIRP) timeframe. Detailed analysis based on M Tech Developers Pvt. Ltd. Vs National Faceless Assessment Centre.

One assessment order per assessee per assessment year should prevail unless annulled or set aside

April 19, 2024 144 Views 0 comment Print

The court’s deliberation highlights the absence of any challenge to the initial re-assessment order or its revision by the Commissioner. Furthermore, the judgment underscores the principle that one assessment order per assessee per assessment year should prevail unless annulled or set aside by a competent authority or court.

ITAT Upholds PCIT’s Decision on Erroneous Assessment Orders and Inadequate Inquiries in Tax Evasion Case

April 18, 2024 339 Views 0 comment Print

ITAT upholds PCIT’s decision on erroneous assessment orders in tax evasion case. Changela’s appeals dismissed as inadequate inquiries led to erroneous orders.

Expenses Cannot Be Disallowed Without Assessee’s Claim in the Relevant Year

April 18, 2024 351 Views 0 comment Print

Analyzing the case of Sunil Dhirubhai Patel vs ITO, where expenses were disallowed despite not being claimed by the assessee, and how the ITAT Ahmedabad ruled in favor of the assessee.

Insufficient time given for Compliance: HC quashes order & directs de novo consideration

April 18, 2024 258 Views 0 comment Print

Bombay High Court quashes order under Section 148A(d) of the Income Tax Act, citing insufficient time due to weekends, holidays, remands for de novo consideration.

Action under Section 153C cannot be based solely on Survey Material

April 16, 2024 381 Views 0 comment Print

Mumbai ITAT clarifies that action under section 153C can’t be based solely on survey material. Detailed analysis of the case and its implications.

No Section 68 Addition If Taxpayer Proves Share Subscribers’ Genuineness & Creditworthiness

April 16, 2024 324 Views 0 comment Print

ITAT Mumbai overturns AO’s addition of Rs. 80 Lakh against mere Rs. 50,000 share capital infusion, ruling in favor of taxpayer’s proof of subscriber genuineness.

Allowability of medical camp expenses: ITAT directs re-adjudication 

April 14, 2024 345 Views 0 comment Print

In Med-Link Devices Pvt Ltd vs DCIT case, ITAT directs re-adjudication as taxpayer fails to provide detailed expenditure of Rs. 35.2 lakhs claimed as business promotion expenses.

Reassessment of completed assessment Without Incriminating Material Untenable: Delhi HC

April 12, 2024 993 Views 0 comment Print

Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “have a bearing on the determination of the total income”. Thus, AO seeking to reassess completed assessment without incriminating material is untenable in law.

Madras HC Dismisses Writ Petition: Bank Account Dispute Unsuitable for Article 226

April 12, 2024 195 Views 0 comment Print

Read about the Madras High Court’s decision in Rakesh Beniyal Vs ITO case, where the court dismissed a writ petition challenging an assessment order related to a disputed bank account opening and transactions, stating that such disputed facts are not suitable for Article 226 proceedings.

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