![Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Concluded-Assessment-Reassessment-Absence-of-Incriminating-Material-Incriminating-Material-Incriminating-Material-during-Search-Income-Tax-ITAT-taxscan.jpg "Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]")
Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that concluded assessment/ reassessment cannot be disturbed in absence of...
![Reassessment against Dissolved Entity: Delhi HC stays proceedings initiated u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reassessment-Dissolved-Entity-Delhi-High-Court-taxscan.jpg "Reassessment against Dissolved Entity: Delhi HC stays proceedings initiated u/s 148 [Read Order]")
![No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Reassessment-in-absence-of-failure-to-fully-truly-disclose-all-material-facts-ITAT-TAXSCAN.jpg "No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]")
![Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-reopening-assessment-standalone-reassessment-assessment-taxscan.jpg "Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]")
![Reassessment based on subsequent Customs Duty Revision Notification Invalid: Gujarat HC grants refund to Adani Wilmar Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reassessment-based-on-subsequent-Customs-Duty-Revision-Notification-Invalid-Gujarat-HC-grants-refund-to-Adani-Wilmar-Ltd-TAXSCAN.jpg "Reassessment based on subsequent Customs Duty Revision Notification Invalid: Gujarat HC grants refund to Adani Wilmar Ltd [Read Order]")
Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]
The Supreme Court comprising the Two-judge Bench of Justices M.R. Shah and C. T. Ravi Kumar, decided in an appeal moved by M/S S. M. Overseas Pvt. Ltd. that the Revenue department was not...
![Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Reassessment-Proceedings-Initiated-during-Pendency-of-Rectification-Application-is-Invalid-Supreme-Court-TAXSCAN.jpg "Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]")
![Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reasons-recorded-Reassessment-ITAT-TAXSCAN-1.jpeg "Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]")
Reassessment Powers could not be exercised for the purpose of Re-verification: Gujarat High Court [Read Order]
A division bench of the Gujrath High Court by allowing a petition held that re-assessement power could not be exercised for the purpose re-verification. Assessee, Piyush Ambalal Gandhi Filed...
![Reassessment Powers could not be exercised for the purpose of Re-verification: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reassessment-powers-could-not-be-exercised-for-the-purpose-of-Re-verification-Gujarat-High-Court-TAXSCAN.jpg "Reassessment Powers could not be exercised for the purpose of Re-verification: Gujarat High Court [Read Order]")
![Reassessment u/s 147 simply relied on the Non-PAN AIR information is not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reassessment-Non-PAN-AIR-information-non-PAN-AIR-ITAT-income-tax-taxscan.jpg "Reassessment u/s 147 simply relied on the Non-PAN AIR information is not valid: ITAT [Read Order]")
Due explanation of ground of receipt of Share Application Money: Gujarat HC quashes Reassessment [Read Order]
The Gujarat High Court quashed re assessment order as there was due explanation of ground of receipt of share application money. The petitioner, Gujarat Natural Resources Limited a company,...
![Due explanation of ground of receipt of Share Application Money: Gujarat HC quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Share-Application-Money-Gujarat-HC-Reassessment-TAXSCAN.jpg "Due explanation of ground of receipt of Share Application Money: Gujarat HC quashes Reassessment [Read Order]")
Reassessment Powers not to be exercised for purpose of re-verification or merry sailing for rowing inquiry: Gujarat HC [Read Order]
A Division Bench of the Gujarat High Court held that reassessment powers not to be exercised for purpose of re verification or merry sailing for rowing inquiry. The petitioner, Piyush Ambalal...
![Reassessment Powers not to be exercised for purpose of re-verification or merry sailing for rowing inquiry: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reassessment-verification-inquiry-Gujarat-HC-taxscan.jpg "Reassessment Powers not to be exercised for purpose of re-verification or merry sailing for rowing inquiry: Gujarat HC [Read Order]")
Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]
A division bench of the Bombay High Court while setting aside the notice issued for reassessment under section 148 of Income Tax Act, 1961 held that Reopening of assessment cannot be invoked...
![Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Reassessment-Income-Tax-Act-High-Court-notice-for-Reassessment.jpeg "Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]")