Begin typing your search above and press return to search.
Reconsidering Decision rendered in Earlier Regular Assessment amount to “Change of Opinion”: Bombay HC Quashes Re-Assessment [Read Order]
In a significant case the Bombay High Court bench of Justice Dhiraj Singh Thakur and Valmiki Sa Menezes, Observed that reconsidering decisions...
![Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Re-Assessment-Non-Existent-Company-PAN-Bombay-HC-Taxscan.jpg "Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [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]")
![“Feigning Ignorance of Law by Authorities Only Increases Burden of Courts”: Bombay HC Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Ignorance-of-Law-Authorities-Courts-Bombay-High-Court-Re-Assessment-Taxscan.jpg "“Feigning Ignorance of Law by Authorities Only Increases Burden of Courts”: Bombay HC Quashes Re-Assessment [Read Order]")
![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]")
Income Limit u/s 149 IT Act not met: Rajasthan HC stays Time barred Re-assessment Proceedings [Read Order]
The Rajasthan High Court (HC) stayed the time barred reassessment proceedings. The bench of Justice Rajendra Prakash Soni and Justice Sanjay Mehta observed that the income limit did not meet. It...
![Income Limit u/s 149 IT Act not met: Rajasthan HC stays Time barred Re-assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Income-Limit-IT-Act-Rajasthan-High-Court-Time-barred-Re-assessment-Re-assessment-Proceedings-Taxscan.jpg "Income Limit u/s 149 IT Act not met: Rajasthan HC stays Time barred Re-assessment Proceedings [Read Order]")
![Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escaped-Income-Income-ITAT-Re-Assessment-Income-Tax-Tax-taxscan.jpg "Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]")
![No Re-Assessment without new Tangible Material: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-Tangible-Material-Bombay-High-Court-taxscan.jpg "No Re-Assessment without new Tangible Material: Bombay HC [Read Order]")
Re-Assessment After 4 Years Merely based on 'Change of Opinion' is Time-Barred and Invalid: Rajasthan HC [Read Order]
The Rajasthan High Court has held that the re-assessment passed after 4 years merely based on a change of opinion without any tangible material would be time-barred under the provisions of section...
![Re-Assessment After 4 Years Merely based on Change of Opinion is Time-Barred and Invalid: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-Invalid-Rajasthan-High-Court-taxscan.jpg "Re-Assessment After 4 Years Merely based on Change of Opinion is Time-Barred and Invalid: Rajasthan HC [Read Order]")
![Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-ITAT-Taxscan.jpg "Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]")
Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held the income tax department cannot avail the extended time limit for re-assessment under the Income Tax Act, 1961 without new or...
![Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-income-tax-Extended-Time-Re-Assessment-Tangible-Material-ITAT-Taxscan.jpg "Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]")