Read all Latest Updates on and about Section 148 of the Act

Begin typing your search above and press return to search.

Home
»
Section 148 of the Act

Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]

The Income Tax Appellate Tribunal (ITAT) upheld deleting the addition of ₹6.41 crore on the basis of the undisclosed income was upheld by the Delhi...

No Disclosure of Material Facts: Madras HC Invalidates Action for Reopening Income Tax Assessment...

Change in Opinion Insufficient for Reassessment: ITAT highlights Validity of Notice u/s 148 in...

SCN issued by JAO instead of FAO, Prima Facie Income Tax Reopening Time-Barred: Calcutta HC Stays...

Supreme Court upholds Rajasthan HC Ruling Quashing S. 148 Reassessment Notices Based on Third-Party...

Failure to Afford Opportunity to Furnish Documents Violates Natural Justice: Calcutta HC sets aside Order u/s 148A(3) of IT Act Against Co-operative Bank [Read Order]

The Calcutta High Court has quashed and set aside an order passed under section 148A(3) of the Income Tax Act of 1961, as the Assessing Officer (AO) didn't allow the petitioner bank to furnish the...

Reopening Assessment Twice on Same Issue Unconstitutional, Hits Articles 14 & 300A: Delhi HC in NDTv Founders’ Case [Read Judgment]

The Delhi High Court quashed the income tax reassessment against the founders of NDTv Dr. Prannoy Roy and Ms. Radhika Roy for AY 2009-10. Justice Dinesh Mehta and Justice Vinod Kumar held...

Asset Holding Pattern Decides Taxability of Land Sale Profit as Capital Gain or Business Income: Madras HC [Read Order]

The Madras High Court has held that the nature of profit earned from sale of land whether taxable as “Capital Gains” or “Business Income”, depends on the assessee’s asset holding pattern,...

Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]

The Income Tax Act of 2025 marks a legislative milestone of India's direct tax framework, replacing a six decade old income tax act of 1961. While the new statutes retains core architecture of...

Breach of Mandatory Time Limits of Seven Days u/s 148A(b) and Three Months u/s 148 Invalidates Reassessment: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed a reassessment order. It was held that providing only three days to respond to a notice under Section 148A(b), as against the ...

Reassessment beyond Three Years Invalid as Escaped Income Below ₹50 Lakh Threshold: ITAT quashes Order [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed a reassessment order and ruled that proceedings initiated beyond the three year limitation period are invalid if the income...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XII]

A Round-Up of all the ITAT Decisions in 2025This annual round-up analytically summarizes the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported on Taxscan.in in ...