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

Sandhra Suresh

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

Concurrent Jurisdiction of JAO and FAO to initiate Re-assessment proceedings under Income-Tax Act:...

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

Rule 46A Error Warrants Re-Verification in Penny Stock Transactions Case: ITAT Puts Commission-Agent...

Proceedings Must Comply with Faceless Reassessment Procedure under Amended IT Act: Bombay HC Stays...

Delhi HC Sets aside Income Tax Reassessment Notice against Michael and Susan Dell Foundation [Read Order]

The Delhi High Court has set aside an income tax reassessment notice issued against the Michael and Susan Dell Foundation, directing the tax authorities to reconsider the matter after hearing the...

Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenue's Appeal [Read Order]

The Karnataka High Court has dismissed an appeal filed by the Revenue, upholding an Income Tax Appellate Tribunal (ITAT) order that quashed a reassessment proceeding. The Court rejected the...

Reassessment Beyond Four Years Invalid Without New Tangible Material: Bombay HC Quashes Section 148 Notices to BPCL [Read Order]

The Bombay High Court, in a recent decision, has ruled that reassessment proceedings initiated against Bharat Petroleum Corporation Ltd. (BPCL) for AY 2014-15 on the alleged wrongful claim of...

Parallel Reassessment Proceedings Invalid: Delhi High Court quashes Second S.148 Income Tax Notice as Void [Read Order]

The bench of the Delhi High held that reassessment proceedings initiated through a second notice under Section 148 of the Income Tax Act, 1961 were invalid, being both time-barred and constituting...

Final Income Tax Order already Passed in 2009: Calcutta HC Dismisses writ against S. 148 Notice as Infructuous after 15 years [Read Order]

The Calcutta High Court has dismissed a writ petition challenging a reassessment notice under Section 148 of the Income Tax Act, 1961, holding that the plea had become infructuous as the final...

Entire Sale Consideration ₹55.80 Lakh Treated as STCG: ITAT Restores Ex-Parte Assessment Citing Delay Due to Non-Registration on IT Portal [Read Order]

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) set aside the ex-parte assessment order and remitted the matter back to the file of the Assessing Officer (AO) for a fresh ...

Reassessment Initiated on New Grounds Not in Notice u/s 148A(b) for AY 2018-19: Delhi HC Quashes Order against E&Y Emeia Ltd [Read Order]

The Delhi High Court set aside an order initiating reassessment proceedings under Section 148 of the Income Tax Act, 1961 and held that the decision was based on new grounds that were not mentioned...