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Reassessment based on casual Non-Application of Mind and borrowed Satisfaction: ITAT Quashes Proceedings [Read Order]

The Guwahati Bench of the Income Tax Appellate Tribunal (ITAT) held that the AO had reopened the case with a "complete non-application of mind,"...

Failure to obtain Mandatory Approval from PCCIT for Notice Issued Beyond Three Years: ITAT quashes...

Reassessment beyond Three Years Invalid as Escaped Income Below ₹50 Lakh Threshold: ITAT quashes...

Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer...

Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to...

Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]

In a recent ruling in the case of Aditya Birla Sun Life Insurance Co. Ltd., the Mumbai Bench of the Income Tax Appellate Tribunal has held that reassessment proceedings initiated beyond the...

Old v/s New Limitation: ITAT Quashes AY 2013‑14 Reopening as Old Regime Bars Reassessment Despite New 10‑Year Rule u/s 149 [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Chennai, has struck down reassessment proceedings against the respondent for Assessment Year (AY) 2013‑14, holding that the notice...

Time-Barred Audit Visit Report Vitiates Entire Proceeding: Orissa HC Sets Aside OVAT Assessment on Indian Oil Adani Ventures [Read Order]

The Orissa High Court held that an Audit Visit Report submitted beyond the statutory seven day period prescribed under the Odisha Value Added Tax Act, 2004 vitiates the entire assessment...

No Satisfaction Recorded to Invoke S.153C under Income Tax: Calcutta HC Upholds S.147 Reassessment, Rejects assessee’s Jurisdictional Plea [Read Order]

The Calcutta High Court has dismissed a writ petition challenging a reassessment order under Section 147 of the Income Tax Act, 1961, holding that the assessee failed to show any jurisdictional...

Reassessment Against Non-Existent Entity Void: Bombay HC Quashes S.148 Notice & ₹16.57 Cr IT Demand Against Petitioner [Read Order]

In a significant ruling reinforcing the principle that tax reassessment cannot be initiated against non-existent entities, the Bombay High Court has quashed a Section 148 notice and consequential...

Reassessment in Wrong Year and Notice Beyond Limitation: ITAT Quashes ₹2.13 Cr Additions u/s 50C [Read Order]

In a recent ruling, the Indore bench of Income Tax Appellate Tribunal (ITAT) set aside reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, against the assessee for AY...

CESTAT Rules Reassessment of Copper Busbars Exceeded Jurisdiction: SC to Hear Customs Appeal [Read Judgement]

In a classification dispute involving polyester bed sheets, the Supreme Court of India has admitted a civil appeal filed by the Customs against the respondent challenging the relief granted by the...