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Section 292BB

Latest Judiciary


No Assessment Order could be Passed in name of Non-Existent Entity after an intimation was given to AO

Income Tax : ITAT Mumbai invalidates income tax assessment for a merged entity, emphasizing the legal principle against actions on non-existent...

June 12, 2024 1545 Views 0 comment Print

Jurisdictional error in Section 143(2) notice cannot be cured under section 292BB 

Income Tax : Read the full text of the ITAT Delhi's order on the invalid notice issued before filing ITR, leading to the quashing of the assess...

June 9, 2024 2352 Views 0 comment Print

Section 292BB cannot cure defect in notice to deceased assessee  

Income Tax : Read the detailed analysis of Late Lodaya Navalbai Vs ITO case by ITAT Bangalore. Learn why the reassessment proceedings were quas...

June 9, 2024 480 Views 0 comment Print

No Section 35(1)(ii) deduction on Donation to ineligible Scientific Research Trust 

Income Tax : ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ...

March 30, 2024 657 Views 0 comment Print

Addition u/s 69 unjustified as explanation for source of fund rejected without sufficient reasoning: ITAT Bangalore

Income Tax : ITAT Bangalore held that addition under section 69 of the Income Tax Act unjustified as source of fund duly explained. Rejection o...

March 16, 2024 861 Views 0 comment Print


Latest Posts in Section 292BB

No Assessment Order could be Passed in name of Non-Existent Entity after an intimation was given to AO

June 12, 2024 1545 Views 0 comment Print

ITAT Mumbai invalidates income tax assessment for a merged entity, emphasizing the legal principle against actions on non-existent entities.

Jurisdictional error in Section 143(2) notice cannot be cured under section 292BB 

June 9, 2024 2352 Views 0 comment Print

Read the full text of the ITAT Delhi’s order on the invalid notice issued before filing ITR, leading to the quashing of the assessment order in the case of Mideast Integrated Steels Ltd Vs ACIT.

Section 292BB cannot cure defect in notice to deceased assessee  

June 9, 2024 480 Views 0 comment Print

Read the detailed analysis of Late Lodaya Navalbai Vs ITO case by ITAT Bangalore. Learn why the reassessment proceedings were quashed and its implications.

No Section 35(1)(ii) deduction on Donation to ineligible Scientific Research Trust 

March 30, 2024 657 Views 0 comment Print

ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ineligible research trust.

Addition u/s 69 unjustified as explanation for source of fund rejected without sufficient reasoning: ITAT Bangalore

March 16, 2024 861 Views 0 comment Print

ITAT Bangalore held that addition under section 69 of the Income Tax Act unjustified as source of fund duly explained. Rejection of the explanation relating to source of fund by the department without sufficient reason is unsustainable in law.

ITAT Ahmedabad Quashes Reassessment Beyond 4-Year Limit, Citing Lack of New Material

February 14, 2024 399 Views 0 comment Print

ITAT Ahmedabad sets aside re-assessment proceedings initiated after 4 years from the AY end, citing no new material for reassessment under Section 147 of the Income Tax Act.

Section 148 Reopening notice issued upon deceased assessee was void ab intio: Gujarat HC

January 30, 2024 1044 Views 0 comment Print

Krishnaawtar Kabra L/H of Jagannath Rampal Kabra Vs ITO (Gujarat High Court) In a recent judgment, the Gujarat High Court addressed the issue of the validity of a notice issued under Section 148 of the Income Tax Act, 1961 to a deceased assessee. The court ruled that the reopening of the assessment based on such […]

Section 143(2) Notice Mandated When Assessment Differs from Filed Return

September 21, 2023 6072 Views 0 comment Print

Learn about the validity of re-assessment without notice u/s 143(2) in the case of Gonuguntla Nirmala Devi vs. ACIT. Explore the full text of the ITAT Hyderabad order.

ITAT Quashes Reassessment Order for Failure to Issue Notice u/s 143(2)

July 28, 2023 2607 Views 0 comment Print

In the case of Classic Display Systems Pvt Ltd vs. ITO, the ITAT Delhi quashed the reassessment order as the AO failed to issue notice u/s 143(2) before finalizing the reassessment.

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