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Section 148A

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Tax on Property Transactions: Section 56(2)(vii)(b) & Reassessment Proceedings

Income Tax : Explore tax implications under Section 56(2)(vii)(b) and reassessment norms in property transactions. Judicial rulings emphasize e...

April 20, 2025 6042 Views 0 comment Print

Landmark Rulings on Reassessment u/s 148 – Post 2021 Amendments

Income Tax : Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, an...

February 7, 2025 3372 Views 0 comment Print

Draft Submissions on Section 148A(b) Notice Issued Based on wrong Information

Income Tax : Written submission against wrong cash deposit notice under Section 148A(b), highlighting errors and lack of independent inquiry....

December 7, 2024 3903 Views 0 comment Print

Note on SC Ruling in Rajeev Bansal Case and Its Impact on Pending Cases

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...

November 13, 2024 3996 Views 0 comment Print

Implications & Issues Surrounding Supreme Court Rulings on Reassessment Notices: Analysis

Income Tax : The Supreme Court's rulings clarify reassessment procedures under the Income Tax Act, addressing validity, TOLA implications, and ...

October 8, 2024 2148 Views 0 comment Print


Latest News


Budget 2024: Amendments to Income-tax Assessment & Reassessment Provisions  

Income Tax : Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits...

July 23, 2024 2847 Views 0 comment Print

Request to amend section 151 Sanctioning Authority for reassessment

Income Tax : Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 14...

July 25, 2022 6597 Views 0 comment Print

Request to clarify on SC judgement on Section 148 notices

Income Tax : Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme...

May 12, 2022 7089 Views 0 comment Print

IT officers association demand extension of Time Barring Date for assessment

Corporate Law : Non- extension of the Time Barring Date for assessment of reopened cases and issuance of the notices for reopening – difficu...

March 29, 2022 8448 Views 0 comment Print


Latest Judiciary


No reassessment proceedings as the limitation period u/s 149 was expired

Income Tax : Assessee challenged this, arguing the procedure under Section 148A was not followed. The Supreme Court ruled that notices after 31...

May 14, 2025 318 Views 0 comment Print

Forum Convenience Principle Favors Remedies in Kolkata as Cause of Action Originated There: Bombay HC

Income Tax : Thus, a substantial portion of the cause of action has accrued at Kolkata. Applying the principle of forum convenience, it would b...

May 12, 2025 216 Views 0 comment Print

Reassessment notice u/s. 148 quashed as approval prescribed under amended section 151 not obtained

Income Tax : ITAT Rajkot held that the reassessment notice under section 148 of the Income Tax Act has been issued without obtaining the approv...

May 12, 2025 414 Views 0 comment Print

Section Notice liable to be quashed if not supported by reasons: Patna HC

Income Tax : Patna High Court held that notice must be supported by reasons. Accordingly, since notice issued under section 148 of the Income T...

May 10, 2025 3282 Views 0 comment Print

Rajasthan HC Dismisses Writ Petition for Non-Exhaustion of Statutory Remedies in Reassessment Case

Income Tax : Rajasthan High Court dismisses Bhag Chand Jangid' s plea against tax assessment due to delayed challenge of the initial order. Alt...

May 10, 2025 189 Views 0 comment Print


Latest Notifications


Limitation date for reopening cases related to Ashish Agarwal judgment

Income Tax : Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cas...

February 6, 2023 5550 Views 0 comment Print

Time barring date for reopening cases arising out of SC direction

Corporate Law : Income Tax Gazetted Officers’ Association (W.B.) Unit Date: 02.02.2023. To The Principal Chief Commissioner of Income Tax, W...

February 2, 2023 3048 Views 0 comment Print

Case reopened in light of SC judgment in Ashish Agarwal to be completed by 31.05.2023

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...

January 27, 2023 15084 Views 1 comment Print

Carry out due verification before initiating Section 148/147 proceedings: CBDT

Income Tax : Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs i...

August 22, 2022 14202 Views 0 comment Print

Revised Guideline for Issue of Section 148 Notice

Income Tax : Salient features of new Section 148 to 151A 'i.e. assessment/reassessment procedure of Income Escaping Assessment...

August 1, 2022 84363 Views 1 comment Print


Assessee accountable for transactions by its power of attorney holder: Rajasthan HC

March 6, 2025 609 Views 0 comment Print

Rajasthan High Court rejected Agarwal Polysacks’ plea against IT reassessment under Section 147, holding the company accountable for transactions by its power of attorney holder.

Order Passed U/S 148 Overlooking Apparent Error Not Sustainable: Delhi HC

March 5, 2025 654 Views 0 comment Print

Delhi High Court held that provision of section 292B doesn’t include passing of order u/s. 148 overlooking error apparent on the face of the record. Thus, order passed overlooking error is liable to be set aside.

JAO can issue Section 148 notice after Section 132 search: Gujarat HC

March 4, 2025 1623 Views 0 comment Print

Gujarat High Court rules that a jurisdictional assessing officer cannot override the faceless assessment scheme under Section 151A of the Income Tax Act.

Sundry Debtors Not Unexplained Money Under Section 69A: ITAT Jaipur

March 3, 2025 1128 Views 0 comment Print

ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other valuable article and hence doesn’t qualify as unexplained money under section 69A of the Income Tax Act.

Order passed u/s. 148A(d) beyond 3 years with approval of PCIT instead of PCCIT quashed

February 28, 2025 753 Views 0 comment Print

ITAT Pune held that approval of Principal Chief Commissioner of Income Tax [PCCIT] required for order passed under section 148A(d) of the Income Tax Act beyond three years from the end of assessment year.

Rajasthan HC quashes section 148 notice for Vague & Incomplete Information

February 27, 2025 1110 Views 0 comment Print

Rajasthan High Court quashes IT notice against Prateek Bulls and Bears Pvt Ltd due to lack of evidence linking bank account to the assessee. 

P&H HC Quashes Section 148 Notice issued by AO – Only NFAC Has Authority

February 25, 2025 1527 Views 0 comment Print

Punjab & Haryana HC quashes Section 148 notice issued by jurisdictional AO, ruling that only NFAC has authority under CBDT Circular dated 29.03.2022.

P&H HC Quashes Section 148 Notice Issued by AO Instead of NFAC

February 25, 2025 3705 Views 1 comment Print

Punjab & Haryana High Court quashes notice u/s 148 issued by jurisdictional AO, ruling that only NFAC has authority post CBDT Circular dated 29.03.2022.

No Addition for Bogus Entity/Accommodation Entries Without Issuing SCN: Delhi HC

February 22, 2025 567 Views 0 comment Print

Delhi HC rules AO functus officio post-assessment, quashing reassessment notice against Vivo India for lack of due process and violation of natural justice.

Addition towards unexplained investment deleted as payment from NRI account proved

February 14, 2025 231 Views 0 comment Print

ITAT Rajkot held that addition on account of unexplained investment in purchase of immovable property u/s 69 of the Income Tax Act is liable to be deleted since assessee sufficiently proved that all the payments are made from wife’s NRI account.

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