![Re-Assessment Notice issued against already Amalgamated Company is Invalid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-Assessment-Notice-issued-against-already-Amalgamated-Company-is-Invalid-Re-Assessment-Notice-Amalgamated-Company-Notice-Calcutta-High-Court-Taxscan.jpg "Re-Assessment Notice issued against already Amalgamated Company is Invalid: Calcutta HC [Read Order]")
Re-Assessment Notice issued against already Amalgamated Company is Invalid: Calcutta HC [Read Order]
In a recent decision, the Calcutta High Court ruled that the re-assessment notice issued against an already amalgamated company is invalid. In the...
![Re-Assessment Notice Issued After Four Years of Relevant AY: ITAT quashes Order u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Re-Assessment-Notice-Re-Assessment-Re-Assessment-Notice-Issued-After-Four-Years-ITAT-quashes-Order-Relevant-AY-After-Four-Years-of-Relevant-AY-ITAT-taxscan.jpg "Re-Assessment Notice Issued After Four Years of Relevant AY: ITAT quashes Order u/s 147 [Read Order]")
![Filing of Revised Return and Payment of Tax After Receiving Re-Assessment Notice shows “No Willful Attempt to Escape Income”: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revised-Return-Filing-Payment-Tax-Re-Assessment-Notice-Re-Assessment-Notice-Escape-Income-ITAT-Penalty-taxscan.jpg "Filing of Revised Return and Payment of Tax After Receiving Re-Assessment Notice shows “No Willful Attempt to Escape Income”: ITAT deletes Penalty [Read Order]")
No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice on the ground that no satisfaction of jurisdictional conditions by the Assessing Officer (AO). The petitioner, Standard Industries Limited, is...
![No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-Re-Assessment-Notice-Bombay-HC-quashes-Re-Assessment-Notice-Jurisdictional-conditions-AO-Assessing-Officer-Re-Assessment-Taxscan.jpg "No Satisfaction of Jurisdictional conditions by AO: Bombay HC quashes Re-Assessment Notice [Read Order]")
Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]
The Mumbai Income tax appellate tribunal (ITAT) has recently held that income tax penalty could not be levied even if the audit was carried out after receipt of re-assessment notice. Assessee Lata...
![Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Audit-Re-Assessment-Notice-TAXSCAN.jpg "Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]")
![Bombay HC quashes Re-Assessment Notice citing jurisdictional errors by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-Notice-jurisdictional-errors-taxscan.jpg "Bombay HC quashes Re-Assessment Notice citing jurisdictional errors by AO [Read Order]")
True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice as there was true and full disclosure regarding valuation of equity shares. The Petitioner, The Suminter Organic and FairTrade Cottton Ginning...
![True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Valuation-of-Equity-Shares-Equity-Shares-Shares-Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-Notice-taxscan.jpg "True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]")
Permission under Development Agreement for Construction, not Transfer under Income Tax Act: Bombay HC quashes Re-Assessment Notice [Read Order]
A Division Bench of the Bombay High comprising Justice Kamal Khata and Justice Dhiraj Singh Thakur quashed re assessment notice on the ground that permission under Development Agreement was given...
![Permission under Development Agreement for Construction, not Transfer under Income Tax Act: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Permission-Development-Agreement-Construction-Transfer-Income-Tax-Act-Bombay-High-Court-Re-Assessment-Notice-Taxscan.jpg "Permission under Development Agreement for Construction, not Transfer under Income Tax Act: Bombay HC quashes Re-Assessment Notice [Read Order]")
![Re-Assessment Notice on Non-Existing Company is not Tenable in Eye of Law: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Re-Assessment-Notice-Non-Existing-Company-Tenable-Law-Calcutta-High-Court-Taxscan.jpg "Re-Assessment Notice on Non-Existing Company is not Tenable in Eye of Law: Calcutta HC [Read Order]")
No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice on the ground that no tangible material for Assessing Officer (AO) to have ‘reason to believe’ for escapement of income. A return of income was...
![No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Tangible-material-AO-Escapement-of-Income-Escapement-of-Income-Income-Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-taxscan-.jpg "No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]")