ITAT quashes Reassessment based on vague and Innocuous Information regarding Accommodation Entry provided to Entry Operators
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reopening of the assessment based on vague and innocuous information...
![Chennai Corporation Fails to Issue Notice before Reassessment u/s 137B of Municipal Corporation Act: Madras HC sets aside Order to Remit Property Tax Arrears [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Chennai-Corporation-Fails-to-Issue-Notice-Chennai-Corporation-Reassessment-Notice-Municipal-Corporation-Act-Madras-Highcourt-Property-Tax-Arrears-.jpg "Chennai Corporation Fails to Issue Notice before Reassessment u/s 137B of Municipal Corporation Act: Madras HC sets aside Order to Remit Property Tax Arrears [Read Order]")
![Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment.jpg "Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]")
![No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-IT-Act-ITAT-No-Reassessment-taxscan.jpg "No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]")
![Delhi HC quashes Time-Barred Reassessment on Escaped Income below Threshold Monetary Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delhi-HC-quashes-Time-Barred-Reassessment-on-Escaped-Income-Threshold-Monetary-Limit-TAXSCAN.jpg "Delhi HC quashes Time-Barred Reassessment on Escaped Income below Threshold Monetary Limit [Read Order]")
Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the addition of long term capital gain by invoking section 50(c) of the Income Tax Act 1961 which does not carry retrospective effect...
![Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]")
Section 245C (1) Application under Income Tax Act, not Maintainable in Absence of Case for Relevant AY: Delhi HC [Read Order]
The Delhi High Court ruled that Section 245C (1) application under the Income Tax Act is not maintainable in the absence of a case for the relevant Assessment years (AY). The petitioner, Bishan...
![Section 245C (1) Application under Income Tax Act, not Maintainable in Absence of Case for Relevant AY: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Application-under-Income-Tax-Act-not-Maintainable-in-Absence-of-Case-for-Relevant-AY-Delhi-High-Court-Taxscan.jpg "Section 245C (1) Application under Income Tax Act, not Maintainable in Absence of Case for Relevant AY: Delhi HC [Read Order]")
![No Addition during Reassessment once Genuineness of Transaction is Proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-during-Reassessment-once-Genuineness-of-Transaction-is-Proven-ITAT-TAXSCAN.jpg "No Addition during Reassessment once Genuineness of Transaction is Proven: ITAT [Read Order]")
Issuance of Notice and Initiation of Reassessment Beyond Six Years is Barred by limitation: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court held that issuance of notice and initiation of reassessment beyond six years is barred by limitation. Coplama Products Private Limited, the petitioner has...
Bombay HC quashes Re Assessment Order passed on Change of Opinion as to Calculation of Tax Payable [Read Order]
In a recent decision the Bombay High Court quashed the re assessment order passed on change of opinion as to the calculation of tax payable. By the petition under Article 226 of the Constitution,...
![Bombay HC quashes Re Assessment Order passed on Change of Opinion as to Calculation of Tax Payable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bombay-High-Court-Bombay-HC-quashes-Re-Assessment-Order-Re-Assessment-Order-Re-Assessment-Order-passed-on-Change-of-Opinion-Re-Assessment-Calculation-of-Tax-Payable-Calculation-of-Tax-Taxscan.jpg "Bombay HC quashes Re Assessment Order passed on Change of Opinion as to Calculation of Tax Payable [Read Order]")