![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]")
Delhi HC quashes Time-Barred Reassessment on Escaped Income below Threshold Monetary Limit [Read Order]
In a recent decision, the Delhi High Court has quashed the reassessment proceedings initiated by the Income Tax Officer (ITO) in relation to...
![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]](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]")
Reassessment order passed u/s 147 of the Income Tax Act on Account of Mere Change of Opinion is not valid: ITAT
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the re-assessment order passed under Section 147 of the Income Tax Act, 1961 on account of mere change of...
![Reassessment Made After 4 years is not valid: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reassessment-Madras-High-Court-Taxscan.jpg "Reassessment Made After 4 years is not valid: Madras High Court [Read Order]")
Reassessment initiated during the pendency of Scrutiny Assessment: Delhi HC issues Notice [Read Order]
The division bench of Delhi High Court consisting Justice Rajiv Shakdher and Justice Tara Vitasta Ganju issued the notice to the respondent side on the petition filed by the petitioner against the...
Reasons recorded for Reopening Reassessment to be Examined on Standalone Basis to Determine validity of Proceedings u/s 147 of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently observed that the reasons, as recorded forreopening the reassessment, are to be examined on a standalone basis to determine the...
![Reasons recorded for Reopening Reassessment to be Examined on Standalone Basis to Determine validity of Proceedings u/s 147 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Reopening-Reassessment-Reassessment-Reopening-Standalone-Basis-Proceedings-validity-of-Proceedings-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Reasons recorded for Reopening Reassessment to be Examined on Standalone Basis to Determine validity of Proceedings u/s 147 of Income Tax Act: ITAT [Read Order]")