![Mere putting of seal as approving Statement is not sufficient: ITAT quashes Reassessment proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Reassessment-Income-Tax-Tax-Taxscan.jpg "Mere putting of seal as approving Statement is not sufficient: ITAT quashes Reassessment proceedings [Read Order]")
Mere putting of seal as approving Statement is not sufficient: ITAT quashes Reassessment proceedings [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed re assessment proceedings and noted that “Mere putting of seal as approving...
![Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Assessment-Income-Tax-Assessment-ITAT-Re-Adjudication-Taxscan.jpg "Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]")
![Re-Assessment without Satisfying Conditions of S. 147 of Income Tax Act is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Re-Assessment-Income-Tax-ITAT-taxscan.jpg "Re-Assessment without Satisfying Conditions of S. 147 of Income Tax Act is Invalid: ITAT [Read Order]")
![“Feigning Ignorance of Law by Authorities Only Increases Burden of Courts”: Bombay HC Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Ignorance-of-Law-Authorities-Courts-Bombay-High-Court-Re-Assessment-Taxscan.jpg "“Feigning Ignorance of Law by Authorities Only Increases Burden of Courts”: Bombay HC Quashes Re-Assessment [Read Order]")
![No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Tangible-material-AO-Escapement-of-Income-Escapement-of-Income-Income-Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-taxscan-.jpg "No Tangible Material for AO to have ‘reason to believe’ for Escapement of Income: Bombay HC quashes Re-Assessment Notice [Read Order]")
Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]
The Bombay High Court observed that mere change of opinion does not provide jurisdiction to Assessing Officer (AO) to initiate proceeding under Section 147 of the Income Tax Act, 1961. The main...
![Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Change-of-Opinion-Jurisdiction-AO-Proceeding-Bombay-High-Court-taxscan-.jpg "Mere Change of Opinion does not provide Jurisdiction to AO to Initiate Proceeding u/s 147: Bombay HC [Read Order]")
Failure of AO to follow directions given by HC While issuing Notice u/s 148 Reopening Assessment invalidates Order, No Penalty: Bombay HC [Read Order]
The Bombay High Court (HC) in a significant judgement has held that the failure of the Assessing Officer(AO) to follow directions given by the HC while issuing notice under section 148 of...
![No Re-Assessment without new Tangible Material: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-Tangible-Material-Bombay-High-Court-taxscan.jpg "No Re-Assessment without new Tangible Material: Bombay HC [Read Order]")
Re-Assessment After 4 Years Merely based on 'Change of Opinion' is Time-Barred and Invalid: Rajasthan HC [Read Order]
The Rajasthan High Court has held that the re-assessment passed after 4 years merely based on a change of opinion without any tangible material would be time-barred under the provisions of section...
![Re-Assessment After 4 Years Merely based on Change of Opinion is Time-Barred and Invalid: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-Invalid-Rajasthan-High-Court-taxscan.jpg "Re-Assessment After 4 Years Merely based on Change of Opinion is Time-Barred and Invalid: Rajasthan HC [Read Order]")
Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench validated re assessment on the ground that there was tangible information to form belief of escapement of income. The appellant, M/s. Minakshi...
![Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escapement-of-Income-ITAT-Re-Assessment-taxscan.jpg "Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]")
Filing Appeal against Penalty order Instead of Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]
A Single Bench of the Calcutta High Court dismissed writ petition as appeal was filed against the penalty order instead of assessment order. By the writ petition the petitioner, M/s. Poddar Real...
![Filing Appeal against Penalty order Instead of Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Filing-Appeal-Appeal-Penalty-order-Assessment-Order-Calcutta-HC-Writ-Petition-taxscan.jpg "Filing Appeal against Penalty order Instead of Assessment Order: Calcutta HC dismisses Writ Petition [Read Order]")
No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), invalidated assessment by the Assessing Officer (AO) on the ground that there is no nexus between information and belief of escapement...
![No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Nexus-Information-Escapement-of-Income-Income-ITAT-Assessment-AO-taxscan.jpg "No Nexus between Information and belief of Escapement of Income: ITAT invalidates Assessment by AO [Read Order]")