![Assessment merely based on Statements recorded by CBI is Invaild: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/ITAT-Exemption-Taxscan.jpg "Assessment merely based on Statements recorded by CBI is Invaild: ITAT [Read Order]")
Assessment merely based on Statements recorded by CBI is Invaild: ITAT [Read Order]
The Bengaluru bench of Income Tax Appellate Tribunal( ITAT ),in ‘Rathan BabuLal Lath v.DCIT-Bengaluru held that additions made merely on the basis of...
![Mistake committed by AO in Original Assessment can’t be a ground for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Mistake committed by AO in Original Assessment can’t be a ground for Re-Assessment: ITAT [Read Order]")
![VAT Authorities has no Power to assess Dealer during the Existence of Composition Certificate: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-VAT-Taxscan.jpg "VAT Authorities has no Power to assess Dealer during the Existence of Composition Certificate: Karnataka HC [Read Judgment]")
Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]
In the case of ACIT 3(1) versus M/s Mashal Hotels Pvt. Ltd, Indore bench of ITAT ruled that re-Assessment on the basis of DVO Report is valid since the original assessment was completed without...
![Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Re-Assessment.jpg "Re-Assessment based on DVO Report is valid since Original Assessment was completed without waiting for Report due to Statutory Time Limit: ITAT [Read Order]")
Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate Tribunal in the case of Mahanadi Coalfields Ltd versus ACITÂ has quashed the reassessment and held that re-assessment merely on the basis of tax audit filed...
![Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Tax-Audit-Taxscan.jpg "Re-Assessment merely on the basis of Tax Audit Filed before the Assessing Officer during Scrutiny Proceedings is Invalid: ITAT [Read Order]")
Re-Assessment u/s 24 of the Delhi Sales Tax Act without stating ‘reasons to believe’ in writing is Bad in Law: Delhi HC [Read Order]
In the case of M/S Garware Wall Ropes Ltd, Delhi High Court recently held that the re-assessment by invoking section 24 of the Delhi Sales Tax Act without stating ‘reasons to believe’ in writing is...
ITAT deletes Re-Assessment since Revenue couldn’t establish that Escapement of Income was due to failure of Full and True Material Facts: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Export-Import Bank of India by quashing the re-assessment notice since Revenue couldn’t establish that the escapement of...