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Rajeev Bansal Rulling Applies: SC Dismisses Revenue Appeal on Income Tax Reassessment Notices [Read Order]

The Supreme Court dismissed the Special Leave Petition (SLP) filed against the Bombay High Court’s judgment quashing reassessment proceedings, holding...

Income Tax Reassessment against Company after Liquidation is Invalid: Madras HC [Read Order]

Madras HC Quashes Income Tax Reassessment Against Cognizant, Upholds 60% Depreciation on Computer...

Service of Notice before Income Tax Reassessment is Mandatory: Jharkhand HCC Quashes Penalty u/s...

Bogus Royalty Expenses Exceed ₹50 Lakh: Bombay HC upholds Income Tax Reassessment Beyond 3 Years...

Pending Income Tax Re-assessment Proceedings not a Bar to Institution of Criminal Prosecution: Delhi HC Sustains Complaints [Read Order]

The Delhi High Court in a recent matter held that the pendency of income tax reassessment proceedings does not vitiate the institution of criminal prosecution under the Income Tax Act, 1961. ...

Unfinalised Income Tax Reassessment not a Ground to Deny DTVSV Scheme Benefits: Kerala HC [Read Order]

The Kerala High Court has held that the mere initiation of reassessment proceedings, which remain unfinalized, cannot be a ground to deny an assessee the benefits available under the Direct Tax...

Income Tax Reassessment Proceedings: SC Instructs AO to Dispose of Objections as per Law Laid Down in Rajeev Bansal Case [Read Order]

The Supreme Court of India, instructed Assessing Officers (AO) to decide objections in income tax reassessment proceedings in line with the law laid down in the Rajeev Bansal judgment. The...

Income Tax Reassessment Initiated During Pending Assessment Proceedings: Delhi HC Sets Aside Order for Lack of Jurisdiction [Read Order]

The High Court of Delhi,set aside the reassessment order issued under Section 148 against the petitioner, holding it was without jurisdiction as the original scrutiny assessment under Section ...

Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...

No Tangible Evidence of GE Renewables' Permanent Establishment in India: Delhi HC Quashes Income Tax Reassessment [Read Order]

In a recent judgment, the Delhi High Court quashed the reopening of income tax assessments initiated against GE Renewables Grid LLC (formerly known as Alstom Grid Inc/LLC), holding that the Assessing...

Bombay HC Quashes Income Tax Reassessment Over Change of Opinion and No Failure to Disclose Facts [Read Order]

The High Court of Bombay, quashed an income tax reassessment proceedings initiated against the assessee for Assessment Year(AY) 2014–15, holding that the reopening was based on a mere change of...