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Only 48 Hours given to Respond to Income Tax SCN to clarify Rs. 79L Addition: Madras HC remands for Reconsideration [Read Order]

Navasree A.M

The Income Tax department only granted 48 hours to respond to the Income Tax Show Cause Notice ( SCN ) to clarify Rs. 79 lakhs addition, thus the...

Delhi High Court - Re-Assessment Proceedings - Delhi HC quashes Re-Assessment Proceedings - Tax news - Delhi high court - Taxscan

Question of Ascertaining Existence of PE Academic when Arm Length Remuneration issue settled by TPO:...

Re-assessment Proceedings under the Income Tax Act cannot be triggered qua Aspects Which AO Already...

Re-Assessment Proceedings u/s 147 of Income Tax Act can be Initiated on Relevant Material on Which...

Time-barred Re-Assessment Proceedings: Delhi HC issues notice for Re-examination [Read Order]

Calcutta HC quashes Income Tax Re-Assessment Proceedings against Dead Person [Read Order]

The Calcutta High Court, on Thursday quashed a re-assessment notice under section 148 of the Income Tax Act, 1961 issued against a dead person. The petitioner, sister of the assessee, has...

Delhi HC stays Re-Assessment Proceedings against BHEL [Read Order]

The Delhi High Court has stayed the reopening of income tax assessments, keeping in view the credentials of Bharat Heavy Electricals Limited (BHEL). The Petitioner contended that it is a reputed...

ITAT upholds Re-Assessment Proceedings against Former Indian Cricket Team Captain [Read Order]

The Income Tax Appellate Tribunal (ITAT), has recently upheld the proceedings for re-opening of assessment by the income tax department against former Indian Cricket Team Captain Krishnamachari...

Setback for NDTV: Delhi HC upholds Income Tax department’s move to initiate Re-Assessment Proceedings [Read Judgment]

In a major setback to New Delhi Television (NDTV), the Delhi High Court upheld the Income Tax Department’s move to initiate Re-Assessment Proceedings for the assessment years 2008-09 and 2009-10,...

Search, Re-Assessment Proceedings in the name of a Non-Existent Entity is Invalid: Delhi HC [Read Order]

A division bench of the Delhi High Court recently held that search warrant and notice for re-assessment proceedings issued under section 148 of the Income Tax Act, 1961 is invalid if the same was...

Jurisdiction of Re-Assessment Proceedings can be Questioned at any Stage: Allahabad HC [Read Judgment]

In Teena Gupta v. CIT, a division bench of the Allahabad High Court ruled that the jurisdiction of re-assessment proceedings under the Income Tax Act can always be raised at any stage. A Notice dated...

Interest on Refund cannot be Granted during the Pendency of Re-Assessment Proceedings: Orissa HC [Read Judgment]

In M/s Bawa Trading Co v. sales Tax Officer & Ors, the division bench of the Orissa High Court held that the assessee would be entitled to get interest only when the assessment for the particular...