![No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-IT-Act-ITAT-No-Reassessment-taxscan.jpg "No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]")
No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the Re-assessment under Section 147 of the Income Tax Act, 1961 cannot be made...
![Re-Assessment without Formation of Belief of Escapement of Income based on Incorrect Facts is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Re-Assessment-Escapement-of-Income-Income-Incorrect-Facts-ITAT-Taxscan.jpg "Re-Assessment without Formation of Belief of Escapement of Income based on Incorrect Facts is Invalid: ITAT [Read Order]")
![Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITR-Assessee-Return-Re-Assessment-ITAT-Taxscan.jpg "Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]")
![Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Application-Bombay-High-Court-Reassessment-notice-Reassessment-Taxscan.jpg "Failure to satisfy conditions u/s 147 and Non- Application of mind: Bombay HC quashes Reassessment notice [Read Order]")
Bringing Evidence on What Basis Income has Escaped and Re-opening of Assessment is Required is Procedural Requirement to Invoke S. 147/148: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that bringing evidence on what basis income has escaped and re-opening of assessment is...
![Bringing Evidence on What Basis Income has Escaped and Re-opening of Assessment is Required is Procedural Requirement to Invoke S. 147/148: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-Income-Re-opening-of-Assessment-Assessment-Procedural-Requirement-Requirement-ITAT-Taxscan-1.jpg "Bringing Evidence on What Basis Income has Escaped and Re-opening of Assessment is Required is Procedural Requirement to Invoke S. 147/148: ITAT [Read Order]")
![Income Tax Addition u/s 69A cant be based on Doubt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Addition-Income-Tax-Tax-ITAT-Taxscan.jpg "Income Tax Addition u/s 69A cant be based on Doubt: ITAT [Read Order]")
Non specification on primary facts to be disclosed: ITAT invalidates Re opening of Re-assessment u/s 147 [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), New Delhi invalidated re opening of re assessment under Section 147 of the Income Tax Act, 1961 as there was Non specification on primary facts to be...
![Non specification on primary facts to be disclosed: ITAT invalidates Re opening of Re-assessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/primary-facts-ITAT-Re-assessment-taxscan.jpg "Non specification on primary facts to be disclosed: ITAT invalidates Re opening of Re-assessment u/s 147 [Read Order]")
Rental Income can't be brought to Tax When Assessee not entered into any Lease Agreement with Tenants: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Rental income can't be brought to tax when assessee not entered into any lease agreement with tenants. The assessee...
![Rental Income cant be brought to Tax When Assessee not entered into any Lease Agreement with Tenants: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Rental-income-tax-lease-agreement-tenants-ITAT-Taxscan.jpg "Rental Income cant be brought to Tax When Assessee not entered into any Lease Agreement with Tenants: ITAT [Read Order]")
![Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Audit-Assessment-Madras-HC-taxscan.jpeg "Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]")
Bombay High Court quashes Notice for Reassessment as Assessee fully, truly disclosed all Material Facts [Read Order]
The Bombay High Court quashed the notice for reassessment as the assessee fully and truly disclosed all material facts. The petitioner, Ananta Landmark Pvt. Ltd. received a notice under Section...
![Bombay High Court quashes Notice for Reassessment as Assessee fully, truly disclosed all Material Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Bombay-High-Court-Notice-for-Reassessment-Taxscan.jpg "Bombay High Court quashes Notice for Reassessment as Assessee fully, truly disclosed all Material Facts [Read Order]")
Proceedings for Re-Assessment cannot be initiated on the basis of report of Assistant Valuation Officer: Chhattisgarh HC [Read Judgment]
Justice Sanjay K Agrawal of Chhattisgarh High Court held that, proceeding for reassessment under Section 147-148 of the Income Tax Act, 1961 cannot be initiated on the basis of report of the Assistant...
![Proceedings for Re-Assessment cannot be initiated on the basis of report of Assistant Valuation Officer: Chhattisgarh HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Proceedings for Re-Assessment cannot be initiated on the basis of report of Assistant Valuation Officer: Chhattisgarh HC [Read Judgment]")