‘Proper Service’ of Notice is mandatory requirement for Re-Assessment: ITAT quashes Proceedings [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT), while quashing the re-assessment proceedings, has held that the ‘proper service’ of notice is a mandatory requirement for reopening of assessment under section 148 of
Delhi HC stays Re-Assessment Proceedings against BHEL [Read Order]
The Delhi High Court has stayed the reopening of income tax assessments, keeping in view the credentials of Bharat Heavy Electricals Limited (BHEL). The Petitioner contended that it is a reputed PSU that has been
Jurisdiction of Re-Assessment Proceedings can be Questioned at any Stage: Allahabad HC [Read Judgment]
In Teena Gupta v. CIT, a division bench of the Allahabad High Court ruled that the jurisdiction of re-assessment proceedings under the Income Tax Act can always be raised at any stage. A Notice dated 11.05.2000
Re-Assessment Order cannot be subject to Revision u/s 263: ITAT grants relief to Tata Power [Read Order]
In a major relief to Tata Power, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that a reassessment order cannot be subject to revision under section 263 of the Income Tax
Mere Approval by Concerned Authority u/s 151 without stating Reasons for Permitting Re-Assessment is invalid: Delhi HC
The division bench of the Delhi High Court held that mere approval by the concerned authority under section 151 of the Income Tax Act without stating the reasons for permitting re-assessment is not valid. The bench
Re-Assessment can’t be made If AO has no ‘Reason to Believe’ for escapement of Income: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the re-assessment under section 147/148 cannot be made if the Assessing Officer has no reason to believe that the assessee The Assessing Officer
Assessing Officer deemed to have applied his mind if facts are on record: ITAT quashes Re-assessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the reassessment held that AO deemed to have applied his mind if facts are on record. The assessee, Sahyog Infrastructure Pvt. Ltd originally filed
No Live Link b/w AIR Information and AO’s Finding that Assessee is Beneficiary of Fraudulent Transactions: ITAT Quashes Re-Assessment Proceedings [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Mere ground of being benefitted from fraudulent transaction doesn't prove being a beneficiary to such fraud. The appellant, an individual engaged in the
New Provision for Re-Assessment can’t be invoked If Matter falls u/s 153C: Delhi HC quashes S. 148A Notice [Read Judgement]
A division bench of the Delhi High Court has quashed a notice under section 148A of the Income Tax Act, 1961 by observing that the new provision cannot be invoked in case the matter of
ITAT quashes Re-Assessment Proceedings against BCCI [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment order against the Board of Cricket Control in India where the department challenged an order of the Commissioner of Income Tax
Service of Notice for Re-Assessment is not mere Procedural Requirement: ITAT [Read Order]
The Income Tax Appellate Tribunal, Jaipur Bench held in the case Charan Singh Vs. ITO Ward- Bhiwadi that Service of notice for re-assessment is not a mere procedural requirement. The bench clarified that the issuance
Re-Assessment on the basis of Documents already in hand of AO not Valid: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer cannot invoke the provisions of section 147 and 148 to make re-assessment on the basis of facts and documents
ITAT Quashes Re-Assessment Order against BSNL [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has quashed the reassessment order against the Bharat Sanchar Nigam Ltd ( BSNL ). The Asssessee Bharat Sanchar Nigam Ltd, has filed appeal against
Re-assessment Order u/s 147 of Income Tax Act in the Name of Non-existing Entity is Invalid: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the re-assessment order under section 147 of the Income Tax Act,1961 in the name of any non-existing entity was invalid.  S.S.S Glass
Section 148A(c) casts Duty on AO, to consider Reply of Assessee in response to Notice before making an order u/s 148A(d) of Act: Delhi HC [Read Order]
The Delhi High Court consisting of Justice Manmohan and Justice Manmeet Pritam Singh Arora held that Section 148A(c) casts duty on AO, by using the expression ‘shall’ to consider the reply of the petitioner/assessee in