Read all Latest Updates on and about Section 147 of the Income Tax Act 1961

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Income Tax Notices sent to Old E-mail Address, Made Ex-parte Addition u/s 69A: ITAT Restores Matter to AO [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal (ITAT), Pune, has set aside an assessment order sustaining additions under Section 69A of the Income Tax Act, 1961,...

Reassessment Invalid Due to Lack of New Tangible Material and Credible Information: ITAT Quashes...

Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read...

ITAT sets aside Income Tax Penalty on Fruit Dealer for Misreporting, Directs CIT(A) to Reconsider...

Proper compliance on part of Assessee during Assessment Stage: ITAT Remands Case for Denovo...

Reopening of Assessment for unexplained Investment in Property: ITAT upholds Reopening [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the reopening of assessment under Section 147 of Income Tax Act,1961 for unexplained investment in property, dismissing the appeal...

₹3 Crores Gift from NRI Son to Mother Deemed Valid and Non-Taxable: ITAT Citing Donor's Sufficient Funds [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Rs. 3 crores gift received by the assessee from her NRI son was deemed valid and non-taxable under the Income Tax Act citing...

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...

No Reply to CIT(A) Notices due to Ongoing Litigation with SBI: ITAT Remits Income Tax Appeal for Reconsideration [Read Order]

In a recent case before Income Tax Appellate Tribunal ( ITAT ), Bangalore the ex-parte order passed by Commissioner of Income Tax (Appeals) (CIT(A) ) due to lack of response to the notices of CIT(A)...

Assessment u/s 147 of Income Tax Act cannot be made without a Substantive Assessment: ITAT [Read Order]

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that assessment under Section 147 of the Income Tax Act,1961 cannot be made without a substantive assessment. Birat Chandra...

Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order, clarifying that the both the Assessing Officer and Commissioner of Income Tax (Appeals)...

Failure to opportunity for personal hearing is violation of principle of natural justice: Kerala HC sets aside assessment order [Read Order]

The Kerala High Court has set aside an assessment order, citing that the failure to provide an opportunity for a personal hearing constitutes a violation of the principle of natural justice. The...