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Income Tax Assessment

No remedy against Reopening of Income Tax Assessment via Writ When Statutory remedy exists: Gujarat HC [Read Order]

The Gujarat High Court Division Bench of Chief Justice Aravind Kumar and Justice Ashutosh J Shastri recently held that, no remedy can be availed...

Income Tax Assessment against Dead Person is not Mere Procedural Irregularity but Jurisdictional...

Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment [Read...

Income Tax Assessment against a Company Deregistered by MCA is Invalid: ITAT [Read Order]

Income Tax Assessment Notice issued in name of Dead person not valid: Delhi High Court [Read Order]

ITAT quashes Income Tax Assessment against TTV Dhinakaran [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chennai has quashed an Income Tax Department assessment order determining the undisclosed income of about ₹57.43 crores against Amma MakkalMunnetraKazhagam...

CBDT extends Time Limit for Income Tax Assessment [Read Notification]

The Central Board of Direct Taxes (CBDT) extended the time limit for Income Tax Assessment due to COVID-19 pandemic. In the light of several representations received and to address the hardship...

Surcharge on Sales Tax and Turnover Tax is not a 'Fee or Charge': Kerala HC quashes Income Tax Assessments against Kerala Beverage Corporations [Read Judgment]

The High Court of Kerala has recently quashed the income tax assessment orders against the Kerala State Beverage Corporations where the Court held that the surcharge on sales tax and turnover tax is...

Insignificant Decline in Gross Profit can’t be a Reason for Addition: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Jaipur bench has held that an insignificant decline in the Gross Profit cannot be a reason for an addition under the Income Tax Act, 1961. The Assessing...