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Notice for Assessment or Reassessment Valid without following section 148A procedure due to COVID-19 Lockdown: Chhattisgarh HC [Read Order]

The Chhattisgarh High Court while presiding over 4 petitions upheld the validity of the section 148 notices issued between March 1, 2021, to June 30,...

Orissa High Court stays Income Tax Reassessment proceeding initiated after 1st April 2021 under Old...

Multiplicity of Errors in Reasons Make Reassessment Void: ITAT [Read Order]

Know How to Respond to Assessment and Reassessment Notice under Section 148 of the Income Tax Act

Karnataka Govt. extends Time for Completion of Assessment or Reassessment or Rectification,...

Objections for Reopening of Assessment to be raised at Reassessment Proceedings: Orissa HC [Read Order]

The Orissa High Court held that the objections for reopening of assessment to be raised at reassessment proceedings. The Petitioner, M/s. Amber filed income tax returns for the AY 2012-13...

Karnataka Govt. extends Time Limit for Reassessment under VAT for the year 2016-17 [Read Order]

The Karnataka Government has issued the Removal of Difficulties order to extend the time limit for reassessment under Karnataka Value Added Tax Act, 2003 for the year 2016-17 by Three Months till...

Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the reassessment under section 147 of the Income Tax Act was not sustainable when reasons for initiation of proceedings ceased to...

Reassessment on basis of Wrong, Incorrect & Non-Existing reasons is Illegal and Bad in Law: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Reassessment on the basis of wrong, incorrect and non-existing reasons is illegal and bad in law. The assessee, M/s VSR...

Reassessment invalid If satisfaction for Reopening recorded in Mechanical manner: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the reassessment is invalid if satisfaction for reopening is recorded in mechanical manner. The assessee, Omkam Developers Ltd....

Reassessment on incorrect facts and by non-application of mind is bad in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal, Delhi Bech “C” quashes the order of reassessment passed on grounds of incorrect facts, non-application of mind and failure to furnish reasons to the assessee. In...

Scope of Reasons vis-à-vis Reassessment under Section 148

Introduction The Income Tax Act, 1961 is in itself a complete code concerning the procedure of completing assessments/reassessments qua the assessees subject to the embedded riders in forms of...

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