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

Begin typing your search above and press return to search.

Home
»
Section 148 of the...

Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XXXIII]

This Annual Digest analytically summarises all the High Court Tax and corporate law Decisions in 2025, as reported at Taxscan.in. Challenge...

Income Tax Dept’s NFAC has Exclusive Power to issue Notice u/s 148: Punjab & Haryana HC [Read Order]

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

Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XV]

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

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...

Income Tax Reassessment Notice Quashed as Time-Barred Under 'Surviving Time' Principle: Gujarat HC strikes down S 148 Notice [Read Order]

In the recent ruling, the Gujarat High Court quashed a reassessment notice issued under Section 148 ofthe Income Tax Act, 1961 for AY 2017-18, holding it to be time-barred by applying the ‘surviving...

Faceless Reassessment Mandatory for International Tax Cases: Bombay HC Quashes S.148 Notice Issued by Jurisdictional AO [Read Order]

The Bombay High Court has held that faceless reassessment is mandatory even in international tax cases, ruling that a reassessment notice under Section 148 issued by a Jurisdictional Assessing...

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...

Concurrent Jurisdiction of JAO and FAO to initiate Re-assessment proceedings under Income-Tax Act: Supreme Court issues notice [Read Judgement]

The Supreme Court of India has issued notice in a batch of Special Leave Petitions (SLPs) against the Income Tax Department, challenging the judgment of the Delhi High Court. The High Court...

ITAT Reduces Ad-hoc Expenses Addition to 10% of Turnover, Earlier Estimates Held High [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal of a partnership firm for AY 2017-18 by reducing the ad-hoc disallowance of expenses from 15% to 10% of...

Rule 46A Error Warrants Re-Verification in Penny Stock Transactions Case: ITAT Puts Commission-Agent Defence Under Scanner [Read Order]

The Income Tax Appellate Tribunal, Mumbai (ITAT) ruled that the deletion of the addition relating to alleged unexplained investment arising from penny stock transactions cannot be sustained, as the...