Income Tax : Explore the validity of reassessment notices under Section 148 of the Income Tax Act when solely based on AIS mismatches, without ...
Income Tax : Explore tax implications under Section 56(2)(vii)(b) and reassessment norms in property transactions. Judicial rulings emphasize e...
Income Tax : Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, an...
Income Tax : Written submission against wrong cash deposit notice under Section 148A(b), highlighting errors and lack of independent inquiry....
Income Tax : The Supreme Court’s Rajeev Bansal case clarified the validity of reassessment notices for AY 2013-14 to 2018-19 and introduced t...
Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...
Income Tax : Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 14...
Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...
Corporate Law : Non- extension of the Time Barring Date for assessment of reopened cases and issuance of the notices for reopening – difficu...
Income Tax : Patna ITAT remands case for fresh CIT(A) hearing, finding assessee was denied proper opportunity to present case and CIT(A) failed...
Income Tax : Himachal Pradesh High Court held that since order passed under section 148A(d) of the Income Tax is bereft of any cogent or plausi...
Income Tax : Calcutta High Court quashes Income Tax reassessment against Srei Equipment Finance, affirming IBC's overriding effect post-resolut...
Income Tax : Rajasthan High Court upholds reassessment where investment source, including mother's contribution, was inadequately explained by ...
Income Tax : Delhi High Court held that where notice is sent electronically, the date of dispatch of e-mail is to be considered as date of issu...
Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...
Corporate Law : Income Tax Gazetted Officers’ Association (W.B.) Unit Date: 02.02.2023. To The Principal Chief Commissioner of Income Tax, W...
Income Tax : CBDT directed that cases reopened u/s 147/148A in consonance with Judgement of SC in case of UoI vs. Ashish Agarwal & CBDT instruc...
Income Tax : Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs i...
Income Tax : Salient features of new Section 148 to 151A 'i.e. assessment/reassessment procedure of Income Escaping Assessment...
Read the detailed analysis of Coonoor Sri Thanthi Mariamman Kerala Seva Sangam vs Assessment Unit judgment by Madras High Court. Learn why the court overturned the assessment order due to a breach of natural justice.
Karnataka High Court rules assessment orders against deceased null and void. Review of SMT. Sowmya S Vs ITO case, implications, and legal insights.
Court upheld legality of initiating proceedings under Section 148A(d) based on information suggesting potential income discrepancies, leaving further assessment to be conducted by statutory authorities.
Discover the ITAT Chennai verdict on Santhilal Jain Vijay Kumar Vs ITO, addressing taxation on excess stock and unexplained marriage expenses. Read the full case analysis.
The court held that while the information prompting the notice must be disclosed to the assessee, the detailed material or evidence need not be supplied at the initial stage. The court emphasized that Section 148A aims to provide a preliminary opportunity to the assessee, ensuring that reassessment proceedings are not initiated arbitrarily or without sufficient basis.
Read the Kerala High Court’s judgment setting aside an Income Tax Act Section 148(A) order due to lack of opportunity for hearing. Learn more about this case.
Telangana HC sets aside reassessment notices under Section 148 for not following the modified procedure of Finance Act 2021. Invalid reassessment ruled in Uppariguda case.
Gauhati High Court rules that AO names cannot be reflected in notices issued under Section 148 in a faceless manner, reaffirming procedures under Section 151A.
Delhi High Court halts Income Department’s further actions on reassessment order under Section 148A(d). Full text of the judgment and detailed analysis.
Allahabad High Court deems reassessment notice invalid as petitioner wasn’t informed about cash deposits from M/s Agarwal Bullion. Read the detailed analysis here.
