#Section 151A
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147 articlesIncome Tax

Income Tax
ITAT Mumbai: Reopening Beyond 3 Years Invalid – ₹6 Lakh Escapement Fails ₹50 Lakh Threshold
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Reassessment Quashed – Invalid Sanction by PCIT Instead of PCCIT Beyond 3 Years
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ITAT Deletes Additions Due to Lack of Evidence Supporting Bogus Expense Claims
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Income Tax
ITAT Mumbai: Section 68 Addition Deleted – Mere Suspicion & Third-Party Info Not Enough
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ITAT Mumbai Invalidates Reassessment as Bogus Purchases Not ‘Asset’ Under Section 149
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Dividend from Mutual Funds Cannot Be Treated as Bogus U/s 68 – SEBI Confirmation Consistent ITAT View Upheld
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Income Tax
ITAT Allows Penny Stock LTCG Claim for Failure to Disprove Documentary Evidence
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Reassessment Quashed – Notice U/s 148A(b) Invalid for Granting Less Than Mandatory 7 Days to Reply
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Income Tax
Retrospective Amendments under Budget 2026 – Rectification, Revision, Reassessment Options before Tax Authorities
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Income Tax
ITAT Mumbai Quashes Reassessment for Wrong Sanction by Incorrect Authority Under Section 151
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Reassessment U/s 148 Quashed for ₹2.58L Escapement, Beyond 3 Years & Wrong Sec 151 Sanction – ITAT Mumbai
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Mutual Fund Dividend Not Bogus u/s 68; Reopening Beyond 4 Years Held Change of Opinion; ₹39.53 Cr Deleted – ITAT Mumbai
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Sec 148 Reassessment Quashed for Wrong Sanction & Limitation Breach under New Sec 151 Regime – ITAT Mumbai
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Income Tax
