#Section 148
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5,410 articlesIncome Tax
Income Tax
No Reopening of Assessment to be made on Audit Objections: Committee Recommends
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Income Tax
Reassessment not valid on mere information of investigation wing as no direct nexus establishes with income escapement
Income Tax
Income Tax
Reassessment proceedings could not be declared as null and void where AO was prompted by correct information
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Income Tax
Mere reason to believe that income has escaped assessment not sufficient to reopen assessments beyond 4 years
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Income Tax
No new addition can be made in reopening on issue duly considered during original proceeding
Income Tax
Income Tax
Reasons to reopen assessment must be tangible & should not merely be based on Investigation wing’s report
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Income Tax
Reassessment for taxing Royalty at higher rate due to change in opinion not valid
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Income Tax
Re-opening being exceptional power, revenue to comply pre-requisite condition of ‘reasons’ strictly
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Income Tax
Reopening u/s 147 based on mere office note of predecessor AO not permissible
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Income Tax
Assessment U/s. 147 not valid when time for scrutiny assessment U/s. 143(3) not lapsed
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Income Tax
Reopening by simply treating loan entry as income which has escaped from assessment is not appropriate
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Income Tax
Tangible material required to reopen assessment u/s 148 of Income Tax Act,1961
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Income Tax
In Reopening AO cannot pass Composite Order for Assessment and for rejection of objection
Income Tax
Income Tax
