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Reassessment Initiated Based on Incorrect Non-Filing of ITR Alert from Insight Portal: Patna HC Quashes Demand [Read Order]

In a recent ruling, the Patna High Court quashed the income tax demand raised through reassessment proceedings which was completely based on...

ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party...

AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read...

Non-Consideration of evidence in Reassessment: Madras HC Directs Petitioner to Seek Appellate Remedy...

Madras HC sets aside Cryptic Tax Assessment Order, Directs Reassessment with Fair Hearing [Read...

S. 153C Reassessment Invalid without Incriminating Evidence, Two-Tier AO Satisfaction Required Even Before 2015 Amendment: Delhi HC [Read Order]

In a recent judgment, the Delhi High Court ruled that the reassessment proceedings initiated under Section 153C of the Income Tax Act were invalid as no incriminating material and that even before...

Bombay HC Quashes Income Tax Reassessment Order Against Oxford University Press Merely of Future Expected Change in Tax Rate [Read Order]

In a recent case on Oxford University Press, the Bombay High Court has ruled that unless the "jurisdictional parameters" of Section 148 of the Income Tax Act, 1961 are met, the mere fact that the tax...

Validity of Reassessment Based on AIR Information: ITAT Confirms AO's Decision [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the decision of the Assessing Officer (AO) regarding the validity of the reassessment based on Annual Information Return(AIR)...

879-Day Delay in Appeal Filing: ITAT Dismisses Appeal for Lack of Sufficient Cause [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal(ITAT) dismissed an appeal by the assessee due to a delay of 879 days, finding insufficient cause for the delay. MFAR Holdings Pvt. Ltd.,...

Reassessment Invalid Due to Lack of Material Disclosure: ITAT Quashes AO’s Order [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) quashed the Assessing Officer (AO)’s reassessment order for, ruling it invalid due to the absence of material disclosure. Eurofins...

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 ‘tangential’ findings without the fulfilment of due...

Relief to IBIBO Group: Delhi HC drops Income Tax Reassessment Proceedings for AY 2015-16 [Read Order]

In a recent judgement, the Delhi High Court struck down the reassessment notices issued to the petitioner by the assistant commissioner of income tax under Section 148 of the Income Tax Act, x,...

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