No Income Tax Reassessment on Incidental or Tangential Findings w/out fulfilling S.150 conditions: Delhi HC
A Division Bench of the Delhi High Court recently held that no income tax reassessment may be initiated on the basis of mere ‘incidental’ or...
![Relief to IBIBO Group: Delhi HC drops Income Tax Reassessment Proceedings for AY 2015-16 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/IBIBO-Group-Income-Tax-Reassessment-Proceedings-Delhi-HC-taxscan-1.jpg "Relief to IBIBO Group: Delhi HC drops Income Tax Reassessment Proceedings for AY 2015-16 [Read Order]")
![Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-Delhi-High-Court-Income-Tax-Section-148-of-the-Income-Tax-Act-Concrete-Evidence-taxscan.jpg "Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]")
![ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Remands-Case-for-Reassessment-Non-Compliance-and-Lack-of-Proper-Opportunity-Opportunity-for-Hearing-National-Faceless-Appeal-Centre-Assessing-Officer-Income-Tax-Appellate-Tribunal-Taxscan.jpg "ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of Proper Opportunity for Hearing [Read Order]")
VAT ITC Denied Due to Supplier's Registration Cancellation: Madras HC Remits Case for Reassessment [Read Order]
In a recent ruling, the Madras High Court remanded the case back to the Assessing Officer for reassessment concerning the denial of input tax credit (ITC) under VAT ( Value Added Tax ) due to the...
Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]
In a recent ruling, the Delhi High Court held that the reassessment of income under Section 147 of the Income Tax Act, 1961, was valid despite challenges to jurisdiction and restored the case to ITAT...
![Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-Delhi-High-Court-ITAT-ITAT-Proceedings-Reassessment-urisdictional-Challenge-taxscan.jpg "Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]")
![Valid Reason Necessary for Invoking Income Tax Reassessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-tax-Income-Tax-Appellate-Tribunal-Income-Tax-Reassessment-Income-Tax-Appeals-The-Ahmedabad-bench-Reassessment.jpg "Valid Reason Necessary for Invoking Income Tax Reassessment Proceedings: ITAT [Read Order]")
![Failure to Prove Loan Credibility: ITAT Remands Case to AO for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Loan-Adjudication-Taxscan.jpg "Failure to Prove Loan Credibility: ITAT Remands Case to AO for Fresh Adjudication [Read Order]")
ITAT affirms deletion of ₹43,33,606 Addition for Non-Genuine Purchases, Citing Consistent GP Rate [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to delete an addition of ₹43,33,606 related to non-genuine purchases. The...
![ITAT affirms deletion of ₹43,33,606 Addition for Non-Genuine Purchases, Citing Consistent GP Rate [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-affirms-Non-Genuine-Purchases-Citing-Consistent-GP-Rate-TAXSCAN.jpg "ITAT affirms deletion of ₹43,33,606 Addition for Non-Genuine Purchases, Citing Consistent GP Rate [Read Order]")
Reassessment Proceedings under Income Tax Act Can't Be Initiated Against Deceased Assessee: Kerala HC [Read Order]
In a significant case, the Kerala High Court ruled that reassessment proceedings under the Income Tax Act, 1961 cannot be initiated against a deceased assessee. Section 148A of the Income Tax Act...
![Reassessment Proceedings under Income Tax Act Cant Be Initiated Against Deceased Assessee: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Kerala-High-Court-Reassessment-Proceedings-Reassessment-Taxscan.jpg "Reassessment Proceedings under Income Tax Act Cant Be Initiated Against Deceased Assessee: Kerala HC [Read Order]")
Delhi HC upholds Tribunal's decision on Profit Attribution to PE in India Due to Lack of New Evidence [Read Order]
In the recent ruling, the Delhi High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) regarding the attribution of profits to a Permanent Establishment (PE) in India. GE Nuovo...
