Read all Latest Updates on and about Section 143(2) of the Income Tax Act

Top

Begin typing your search above and press return to search.

Home
»
Section 143(2) of the...

No Assumption of Jurisdiction allowable for Income Tax Reassessments without issuance of Notice u/s 143(2): ITAT [Read Order]

Manu Sharma

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that reassessment proceedings initiated without issuance of a mandatory...

Fresh Probe Data Warrants Reassessment but Unjustified 5% Income Addition Fails Scrutiny: ITAT [Read...

ITAT Remands Case After Assessee Submits Cash Summaries, Audit Report, and Valuation Documents for...

Assessment of Bread Manufacturer's Capital Withdrawals and Receivables Not Erroneous: ITAT Quashes...

Reopening of Assessment Without Complying with S. 143(2) Procedure Is Bad in Law: Madras HC [Read...

Bombay HC quashes Income Tax Notice Issued u/s 148 which was beyond the time period specified under statute [Read Order]

In a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which was issued beyond the period specified under section 149(1) of the Act...

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...

No Clear Finding on Merits: ITAT Directs CIT(A) to Decide the Matter Afresh [Read Order]

The Lucknow bench of Income Tax Appellate Tribunal (ITAT) has recently restored a case of an assessee to the file of the Commissioner of Income Tax (Appeals) in the absence of any clear findings on...

Delhi HC Upholds RPM for Distributor Reselling Unmodified Goods without Value Addition [Read Order]

The Delhi High Court Bench upheld the use of the Resale Price Method (RPM) for benchmarking international transactions in a case involving a distributor reselling unmodified solar products without...

ITAT Quashes Assessment Order as Notice u/s 143(2) Sent to Wrong Address [Read Order]

The Income Tax Appellate Tribunal (ITAT) Pune Bench has quashed the assessment order passed against the assessee on the ground that the notice under Section 143(2) of the Income Tax Act, 1961 was...

CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A [Read Order]

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)], citing a violation of Rule 46A of the Income Tax Rules,...

Disallowance of Rs. 2.97 Crore as Bogus Expenditure u/s 69C: ITAT Upholds 10% Disallowance [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld a 10% disallowance of Rs. 29.71 lakh out of Rs. 2.97 crore claimed as bogus expenditure under section 69C of Income Tax Act,1961,...