Read all Latest Updates on and about section 148 of the Income Tax Act 1961

Begin typing your search above and press return to search.

Home
»
section 148 of the...

Supreme Court Upholds Gujarat HC Order Quashing Income Tax Reassessment Against Adani Wilmar, Dismisses Revenue’s SLP

The Supreme Court of India has dismissed the appeal filed by the Income Tax Department against Adani Wilmar Limited, upholding the judgment of the...

Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes...

Email Change Ignored by Department: Calcutta HC Sets Aside S.148A Reassessment Notice [Read Order]

Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains...

Excel Sheet Found During Income Tax Search at Builder’s Premises Indicating Cash Transaction...

Faceless Assessment Mandatory: Punjab & Haryana HC Quashes S.148 Notice Issued by JAO [Read Order]

The Punjab & Haryana High Court held that a reassessment notice issued under Section 148 by the Jurisdictional Assessing Officer was invalid in view of the statutory regime requiring such...

Delhi HC Reaffirms Concurrent Powers of JAO and FAO to Issue S.148 Reassessment Notices [Read Order]

The Delhi High Court has reaffirmed that both the Jurisdictional Assessing Officer (JAO) and the Faceless Assessing Officer (FAO) possess concurrent powers to issue reassessment notices under...

Delhi High Court Quashes Reassessment Notice Issued to a Merged Entity [Read Order]

The Delhi High Court has set aside a reassessment notice issued under Section 148 of the Income Tax Act, 1961, ruling that a notice issued in the name of a non-existent entity due to merger is...

Delhi High Court - Reassessment Notice - Reassessment Notice Issued to a Merged Entity - Reassessment Notice Issued - Merged Entity - Delhi High Court Quashes - taxscan

Income Tax Annual Digest 2024: ITAT Cases [Part 9]

This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported at Taxscan.in during 2024. AO fails to issue...

Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]

In a recent judgment, the Delhi High Court struck down reassessment proceedings under Section 148 of the Income Tax Act, 1961 stating that there were no valid grounds and procedural lapses. The...

Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]

Тhe Delhi Нigh Cоurt, in а recent ruling, dismissed а рetitiоn filеd by Mаjestic Hаndicrаft Privаte Ltd chаllenging reаssessment nоtice аnd оrder аs pеr Sectiоns 147 аnd 148 оf thе Income Tаx Aсt...

No Jurisdiction vested with Jurisdictional Officer u/s 151A of Income Tax Act: Himachal Pradesh HC stays Notice u/s 148 [Read Order]

The Himachal Pradesh High Court, stayed an Income Tax notice issued under Section 148 of the Income Tax Act, 1961, on the grounds of lack of jurisdiction by the Jurisdictional Officer. In this...