#Section 148
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Income Tax
Income Tax
Reopening by simply treating loan entry as income which has escaped from assessment is not appropriate
Income Tax
Income Tax
Tangible material required to reopen assessment u/s 148 of Income Tax Act,1961
Income Tax
Income Tax
In Reopening AO cannot pass Composite Order for Assessment and for rejection of objection
Income Tax
Income Tax
Reassessment without application of mind and examining the facts is invalid and liable to quash
Income Tax
Income Tax
Re-opening u/s 148 based on of revisiting of existing material is bad in law
Income Tax
Income Tax
Reassessment proceeding based on ED information without correlating with returns filed is invalid
Income Tax
Income Tax
Notice U/s. 148 issued to legal representative of deceased assessee is legal & valid
Income Tax
Income Tax
Reopening of Assessment merely on the basis of change in opinion is invalid
Income Tax
Income Tax
Without any supporting material A.O. cannot substitute market value
Income Tax
Income Tax
Reopening based on Judicial pronouncement when all info were already available is not valid
Income Tax
Income Tax
Reopening based on facts disclosed in Profit & Loss account during Original Assessment not permissible
Income Tax
Income Tax
After expiry of 4 Years no notice u/s. 148 can be issued without approval of CCIT or CIT
Income Tax
Income Tax
Reopening of assessment beyond 4 years not permitted without finding assessee’s failure to produce material facts
Income Tax
Income Tax
Revenue Must have Tangible Material to initiate income escaping Assessment
Explore the latest Section 148 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.
