![Taxpayers Beware: Income Tax Dept to Initiate Reassessment Proceedings in matters involving High-Risk and High-Risk Non-PAN Transactions [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2023/02/Taxpayers-Income-Tax-Dept-Income-Tax-Income-Reassessment-Reassessment-Proceedings-High-Risk-Transaction-Non-PAN-Transactions-taxscan.jpg "Taxpayers Beware: Income Tax Dept to Initiate Reassessment Proceedings in matters involving High-Risk and High-Risk Non-PAN Transactions [Read Instruction]")
Taxpayers Beware: Income Tax Dept to Initiate Reassessment Proceedings in matters involving High-Risk and High-Risk Non-PAN Transactions [Read Instruction]
The Directorate of Income Tax (Systems) has recently issued an instruction on Insight Portal, to expedite reassessment proceedings in matters...
![Failure to Get Sanction u/s 151(ii) from PCIT for Reopening of Assessment beyond 3 years will Invalidate Reassessment Proceedings: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sanction-PCIT-Reopening-of-Assessment-Assessment-Reassessment-Proceedings-Bombay-High-Court-Taxscan.jpg "Failure to Get Sanction u/s 151(ii) from PCIT for Reopening of Assessment beyond 3 years will Invalidate Reassessment Proceedings: Bombay HC [Read Order]")
![Income Tax Notice Against Dead Person is Invalid: Bombay HC Quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Notice-Dead-Person-Bombay-High-Court-Proceedings-Taxscan.jpg "Income Tax Notice Against Dead Person is Invalid: Bombay HC Quashes Proceedings [Read Order]")
![Natural Justice Principles not violated: Kerala HC dismisses Writ for quashing reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Natural-Justice-Principles-not-violated-Kerala-HC-dismisses-Writ-for-quashing-reopening-Assessment-TAXSCAN.jpg "Natural Justice Principles not violated: Kerala HC dismisses Writ for quashing reopening Assessment [Read Order]")
![No materials Which Show Reassessment Proceedings as Arbitrary, cant invoke Writ Jurisdiction: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/materials-Which-Show-Reassessment-Proceedings-as-Arbitrary-Writ-Jurisdiction-Delhi-HC-TAXSCAN.jpg "No materials Which Show Reassessment Proceedings as Arbitrary, cant invoke Writ Jurisdiction: Delhi HC [Read Order]")
CBDT notifies Rules for E-Filing of Income Tax Return by Successor Entity to a Business Reorganization in Form ITR-A [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the amended rules to insert new provision Rule 12AD for the return of income filed by a successor entity to a business reorganization in Form...
![CBDT notifies Rules for E-Filing of Income Tax Return by Successor Entity to a Business Reorganization in Form ITR-A [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/09/CBDT-E-filing-Income-Tax-Return-Business-Reorganization-ITR-A-taxscan.jpg "CBDT notifies Rules for E-Filing of Income Tax Return by Successor Entity to a Business Reorganization in Form ITR-A [Read Notification]")
Madras HC Invalidates Continuation of Reassessment Proceedings for Want of Fresh Notice [Read Order]
The division bench of Madras High Court presided by Mr. Justice R. Mahadevan and Mr. Justice J.Sathya Narayana Prasad has invalidated the continuation of reassessment proceedings for want of fresh...
![Madras HC Invalidates Continuation of Reassessment Proceedings for Want of Fresh Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-High-Court-Reassessment-Fresh-Notice-Taxscan.jpeg "Madras HC Invalidates Continuation of Reassessment Proceedings for Want of Fresh Notice [Read Order]")
Rajasthan High Court quashes Reassessment Notice issued under Income Tax Act after April 01, 2021 [Read Judgment]
The Rajasthan High Court quashed the Reassessment Notice issued under Income Tax Act after April 01, 2021. A batch of petitions was filed assailing issuance of the reassessment notice...
![Rajasthan High Court quashes Reassessment Notice issued under Income Tax Act after April 01, 2021 [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/12/Rajasthan-High-court-Reassessment-Notice-Income-Tax-Act-Taxscan.jpg "Rajasthan High Court quashes Reassessment Notice issued under Income Tax Act after April 01, 2021 [Read Judgment]")
Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]
The Gujarat High Court ruled that the Assessing officer lacked material to suggest payment made in cash and received the same amount back through the RTGS. The writ applicant, Purshottambhai...
![Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/AO-RTGS-Gujarat-High-Court-Taxscan.jpg "Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]")
ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]
The Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings as it was initiated upon report of the Investigation Wing. The assessee, M/s Fortune Tech IT Systems Pvt. Ltd. derived...
![ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/reassessment-proceedings-ITAT-Investigation-wing-Taxscan.jpeg "ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]")
Notice through Affixture served after Office Hours not Valid: ITAT quashes Re-Assessment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) on Friday quashed a re-assessment under section 147 of the Income Tax Act, 1961 by observing that the notice for the same under section 148...
![Notice through Affixture served after Office Hours not Valid: ITAT quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Notice-Affixture-served-Office-Hours-ITAT-Re-Assessment-Taxscan.jpeg "Notice through Affixture served after Office Hours not Valid: ITAT quashes Re-Assessment [Read Order]")
Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]
The Delhi High Court directed the Income Tax Commissioner to process the application filed under Vivad Se Vishwas Act, 2020. The petitioner, Shyam Sunder Sethi had filed his income-tax return...
![Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Delhi-High-court-Income-Tax-Commissioner-Vivad-Se-Vishwas-Act-Taxscan.jpg "Delhi HC directs Income Tax Commissioner to process application filed under Vivad Se Vishwas Act, 2020 [Read Order]")