#Section 148
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Income Tax
Income Tax
No formation of opinion by AO if no scrutiny assessment made earlier
Income Tax
Income Tax
Fore initiation of Reassessment AO need not conduct inquiry & nor required to verify information, only nexus between Information & Belief required
Income Tax
Income Tax
Reassessment to disallow claim allowed earlier by change of opinion not permissible
Income Tax
Income Tax
Reassessment for thorough verification of manufacturing activity of Assessee not justified
Income Tax
Income Tax
Validity of Reopening based on retrospective amendment?
Income Tax
Income Tax
Initiation of Reassessment based on change of opinion not valid
Income Tax
Income Tax
If there is no failure on the part of assessee to disclose income, there was no escapement of income
Income Tax
Income Tax
Reassessment not valid if reasons recorded by AO were not sufficient ‘reasons to believe’
Income Tax
Income Tax
Order passed without dealing with objections filed by the Assessee is not valid
Income Tax
Income Tax
Reopening valid for Failure to disclose all material facts necessary for assessment
Income Tax
Income Tax
Reassessment to disallow Directors fees not valid if rationale already been explained during Assessment
Income Tax
Income Tax
Reassessment invalid on failure of AO to take note of information furnished during assessment
Income Tax
Income Tax
Transaction once accepted as genuine in assessment can’t be raised in reassessment proceedings
Income Tax
Income Tax
Reassessment – Deduction U/s 80-IC on manufacturing of PET bottles?
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.
