#Section 148
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5,409 articlesIncome Tax
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Reopening of assessment without any new information is unjustified
Income Tax
Income Tax
Notice issued without sufficient reasons to initiate reassessment is not sustainable
Income Tax
Income Tax
Reopening of assessment despite full & true disclosure of material facts is unjustifed
Income Tax
Income Tax
Mere ‘reason to believe’ not satisfy condition for reopening of assessment
Income Tax
Income Tax
Reopening of assessment and imposition of penalty set aside as AO failed to satisfy HC direction
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Income Tax
If foundational allegation found to be false/non-existing, entire subsequent proceedings would collapse
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Income Tax
Information vs. Information suggesting escapement of income from tax
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Income Tax
Non-supply of material referred to in reasons to believe renders reassessment proceedings bad
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Income Tax
Mere change of opinion cannot be a ground for reopening of assessment
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Income Tax
Recorded reasons for reopening can neither be improved nor substituted by an affidavit
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Reassessment proceedings becomes null & void if no valid service of section 148 notice
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Income Tax
Rajasthan HC stays Time barred Re-assessment Proceedings
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Reasons to Believe is foundation stone of reassessment proceedings u/s 147/148
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Income Tax
