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Concurrent Jurisdiction of JAO and FAO to initiate Re-assessment proceedings under Income-Tax Act: Supreme Court issues notice [Read Judgement]

The Supreme Court of India has issued notice in a batch of Special Leave Petitions (SLPs) against the Income Tax Department, challenging the ...

Kerala HC Affirms S 263 Order citing Assessing Officer's Failure to Adjudicate on 'Slump Sale' [Read...

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

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 Reasonable Person can Form Requisite Belief that Income Tax has Escaped: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that if there is relevant material on the basis of which a reasonable person can form a requisite belief that income chargeable to tax...

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

The Delhi High Court issued the notice for re-examination since the reassessment was time-barred. The principal allegation levelled against Mukesh Goel, the petitioner is, that he is a beneficiary...

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...