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Income Tax Assessment

Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]

The Union Budget for the Financial Year 2026–27 was presented by Finance MinisterNirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026)....

Relief to Honda India: ITAT quashes Income Tax Assessment Order passed beyond Limitation Period u/s...

Post-Finance Act, 2021 Search Assessments Must Follow S.148 Regime: ITAT Quashes Income Tax...

Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to...

AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C...

Final Income Tax Assessment Passed beyond One Month from DRP directions Barred by Limitation: ITAT Quashes order [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) quashed a final assessment order because it was issued beyond the statutory period of one month from the end of the month in which the...

Draft Income Tax Assessment u/s 144C Issued Post-Amalgamation Invalid: Delhi HC Permits Fresh Action Against SMS India [Read Order]

The Delhi High Court invalidated a draft assessment order issued under Section 144Cof the Income Tax Act, 1961 for A.Y. 2022-23, after finding that the assessment was initiated in the name of an...

ITAT allows Assessee’s Plea of Farmhouse Construction from Funds Derived from Agricultural Activities, terms income “Undisclosed” [Read Order]

The Delhi Bench “A” of the Income Tax Appellate Tribunal (ITAT) has accepted the assessee’s claim that the construction of a farmhouse was funded through agricultural income and past savings, while...

Lack of Valid Approval under Section 153D: ITAT quashes Income Tax Assessment [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has quashed an assessment order passed against assessee Paramasivam Mahalingam for the Assessment Year (AY) 2014-15, holding that the ...

AO cannot Issue Notice to Reopen Income Tax Assessment after 3 Years Without Pr. CCIT Approval: ITAT Quashes Notice against Saif Ali Khan [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that a reassessment notice issued under Section 148 of the Income Tax Act, 1961, without valid approval under Section 151, is void ab...

Income Tax Assessment framed in Name of Non-Existent Entity is Void Ab Initio: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that an income tax assessment framed in the name of a non-existent entity is void ab initio. SoftwareONE India Pvt. Ltd, ...

Relief for Hyundai Motors: Madras HC Rules Reopening Income Tax Assessment on Same Issue After Prior Query and Reply Invalid [Read Order]

In a recent ruling, the Madras High Court held that reopening an income tax assessment on an issue that was already raised and answered during the original assessment amounts to a change of opinion,...