Read all Latest Updates on and about Reassessment

Begin typing your search above and press return to search.

Home
»
Reassessment

Reassessment under Income Tax must be on Concrete Evidence and not Speculation: Delhi HC [Read Order]

In a recent judgment, the Delhi High Court struck down reassessment proceedings under Section 148 of the Income Tax Act, 1961 stating that there were...

ITAT Sets Aside Ex-Parte Order, Remands Case for Reassessment Due to Non-Compliance and Lack of...

Reassessment u/s 148 Based on Incriminating Materials: ITAT Quashes Reopening

Madras HC - Madras High Court - VAT ITC Denied - VAT - ITC - input tax credit - Value Added Tax - taxscan

VAT ITC Denied Due to Supplier's Registration Cancellation: Madras HC Remits Case for Reassessment...

Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]

Valid Reason Necessary for Invoking Income Tax Reassessment Proceedings: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) ordered that a reassessment of an already closed assessment must be substantiated with valid reasons. If such reasons or a productive...

Failure to Prove Loan Credibility: ITAT Remands Case to AO for Fresh Adjudication [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the Assessing Officer ( AO ) due to the assessee's failure to prove the credibility of a loan amounting to Rs....

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...

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...

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...

-olds Tribunals Decision - Profit Attribution - PE in India Due - Lack of New Evidence - taxscan

Mechanical Approval of Reassessment by PCIT: ITAT Quashes Income Tax Notice u/s 148 [Read Order]

Recently in a decision, the Income Tax Appellate Tribunal (ITAT) of Delhi quashed a reassessment notice issued under Section 148 of the Income Tax Act, 1961 (ITA) to the assessee/ appellant, Natraj...

Notices uploaded only on Income Tax Portal may not be Treated as Valid Service of Notice: ITAT quashes Reassessment Proceedings against Buddhist monk [Read Order]

The Chandigarh bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings initiated against, ruling that the issuance of notices solely through the Income Tax portal may not...

Prev Page Next Page