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
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
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
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
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
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
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
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
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
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
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
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
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
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
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