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Reassessment

AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]

Franklin Joshva

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter to the Assessing Officer (AO) for fresh adjudication,...

ITAT bars CIT(A) from Remand Without First Deciding Jurisdiction in Time-Barred Reassessment Case...

No Blanket Exemption for SEZs: CESTAT Orders Refund Reassessment, Stresses Need for Proper...

Mere Change of Opinion not Necessary Ingredient For Reassessment: ITAT quashes Reassessment on...

Reassessment Proceedings Initiated Without Documentary Evidence and Based on Borrowed Satisfaction:...

No Tax Reassessment After 3 Years, regardless of Old or New Regime: Delhi High Court [Read Order]

In a recent ruling, the Delhi High Court ruled that income tax reassessments cannot be initiated after three years from the end of the relevant assessment year, regardless of whether the reassessment...

Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]

In a recent ruling, the High Court of Delhi set aside the reassessment proceedings initiated under section 148 of Income Tax Act, 1961 for Assessment Year 2013-14, citing the failure to meet legal...

ITAT Strikes Down Reassessment: Rs50 Lakh Threshold Not Met for Late Notice [Read Order]

The Income Tax Appellate Tribunal (ITAT) Pune Bench has quashed a reassessment proceeding initiated by the Income Tax Department, ruling that the tax effect in the case did not meet the Rs 50 lakh...

JCIT has No Power to Issue Sanction for Reassessment u/s 151(1) of Income Tax Act: Delhi HC [Read Order]

The Delhi High Court ruled that the Joint Commissioner of Income Tax is not authorized to authorize the start of a reassessment action against an assessee under the proviso to Section 151(1) of the...

Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]

In a recent ruling, the Patna High Court quashed the income tax demand raised through reassessment proceedings which was completely based on incorrect information from the insight portal that the...

ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, holding that reassessment under Section 147/148 of Income Tax Act,1961 was invalid due to reliance on...

AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that the Assessing Officer ( AO ) cannot initiate reassessment proceedings under section 148 of Income Tax Act,1961 while rectification...