Reassessment Notices u/s 147 and 148 Beyond Time Limits: Delhi HC Enforces Statutory Limits u/s 149(1) [Read Order]
The Delhi High Court recently ruled in a petition filed by Sanjay Singhal that notices issued beyond statutory limits are not valid unless the delay...
![Reassessment Notice sent to Tax Consultant’s email ID goes Uninformed to Taxpayer: ITAT remands Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-Reassessment-notice-Tax-Consultants-email-ID-Uninformed-Taxpayer-remands-notice-ITAT-news-ITAT-updates-taxscan.jpg "Reassessment Notice sent to Tax Consultant’s email ID goes Uninformed to Taxpayer: ITAT remands Notice [Read Order]")
![No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Reassessment-147-IT-Act-Bombay-HC-Reassessment-Notices-taxscan.jpg "No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]")
![Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-ncome-Tax-Act-Reassessment-Notice-Reassessment-Taxscan.jpg "Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]")
![Income Tax Order u/s 148 unsustainable without Sanction u/s 151: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Bombay-High-Court-Bombay-HC-Income-Tax-Order-Section-148Ad-Income-Tax-Act-taxscan.jpg "Income Tax Order u/s 148 unsustainable without Sanction u/s 151: Bombay HC [Read Order]")
Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]
The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance has issued new guidelines for issuing notices under Section 148 of the Income Tax Act, 1961. These guidelines lay down the...
![Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/07/CBDT-Income-tax-Reassessment-Notice-CBDT-notification-Central-Board-of-Direct-Taxes-taxscan.jpg "Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]")
Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCD's [Read Order]
The Bombay High Court has quashed the reassessment notice issued under the Income Tax Act, 1961 as there was no change in the opening and closing stock of the non-convertible debts ( NCDs ). It was...
![Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-Income-Tax-Income-tax-news-non-convertible-debts-Tax-reassessment-taxscan.jpeg "Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCDs [Read Order]")
AO has not Bothered to Read Balance Sheet or Valuation Report: Bombay HC Quashes Reassessment Notice on Godrej [Read Order]
The Bombay High Court has invalidated the reassessment notice issued against Godrej Projects Development Pvt Ltd. The court observed that the Assessing Officer's ( AO ) reason for reassessment,...
Reassessment Notice issued to a Dead Person u/s 148 of Income Tax Act is Null and Void : MP HC quashes Notice [Read Order]
The Madhya Pradesh High Court has ruled that the reassessment notice issued under Section 148 of the Income Tax Act, 1961, to a deceased individual is 'Null and Void'. Nevertheless, the court has...
![Reassessment Notice issued to a Dead Person u/s 148 of Income Tax Act is Null and Void : MP HC quashes Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Deceased-taxpayer-Reassessment-notice-Null-and-void-notice-Madhya-Pradesh-High-Court-taxscan.jpg "Reassessment Notice issued to a Dead Person u/s 148 of Income Tax Act is Null and Void : MP HC quashes Notice [Read Order]")
10-Year Extended Limitation Period Applies to Escaped Amounts Exceeding 50 Lakhs: Delhi HC quashes Reassessment Notice [Read Order]
A Division bench of the Delhi High Court, comprising Justice Rajiv Shakdher and Justice Girish Kathpalia, in the course of deciding a writ petition, emphasised that the extended 10-year limitation...
Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]
The Bombay High Court quashed assessment order against Knight Riders Sports Pvt. Ltd, the petitioner and noted that the change of opinion does not constitute justification to believe escapement of...
![Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Change-of-Opinion-Constitute-Justification-Believe-Escapement-Income-Bombay-HC-Assessment-Order-Knight-Riders-Sports-TAXSCAN.jpg "Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]")