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Reassessment

ITAT Holds Reassessment Void Ab Initio as Notice Issued Beyond Three-Year Limit for Income Below ₹50 Lakh [Read Order]

Sneha Sukumaran Mullakkal

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held the reassessment proceedings void ab initio as the notice under Section 148 of...

Calcutta HC Dismisses Challenge to Section 148A(b) Reassessment Notice, Directs Taxpayer to Pursue...

New 10-Year Limit u/s 149 of Income Tax Applies Prospectively, 6-Year Rule Governs AYs Before...

Reopening Based on Information in Audited Statements Invalid: Madras HC Finds No Failure by Company...

Himachal Pradesh High Court Stays Reassessment Proceedings Under Section 148, Awaits Supreme Court...

AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter to the Assessing Officer (AO) for fresh adjudication, directing verification of a Tax Deducted at Source...

ITAT bars CIT(A) from Remand Without First Deciding Jurisdiction in Time-Barred Reassessment Case [Read Order]

Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), observing that the CIT(A)...

No Blanket Exemption for SEZs: CESTAT Orders Refund Reassessment, Stresses Need for Proper Documentation [Read Order]

The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that Special Economic Zone (SEZ) units are not automatically entitled to service tax refunds and must...

Mere Change of Opinion not Necessary Ingredient For Reassessment: ITAT quashes Reassessment on Software License Fee [Read Order]

The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed a reassessment order and ruled that the reopening of the assessment was invalid due to it being based on a mere change of...

Reassessment Proceedings Initiated Without Documentary Evidence and Based on Borrowed Satisfaction: ITAT Quashes Proceedings [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ),quashed reassessment proceedings initiated without any documentary evidence and based solely on borrowed satisfaction. The...

No Tax Reassessment After 3 Years, regardless of Old or New Regime: Delhi High Court [Read Order]

In a recent ruling, the Delhi High Court ruled that income tax reassessments cannot be initiated after three years from the end of the relevant assessment year, regardless of whether the reassessment...

Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]

In a recent ruling, the High Court of Delhi set aside the reassessment proceedings initiated under section 148 of Income Tax Act, 1961 for Assessment Year 2013-14, citing the failure to meet legal...