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...
![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]](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]](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]](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]")
Initiation of Re-assessment proceeding beyond six years is barred by Limitation, not valid: Calcutta HC [Read Order]
The Calcutta High Court (HC) has held that the Initiation of re-assessment proceeding beyond six years is barred by limitation and is not valid. Indra MohanVanijya Private Limited, the petitioner...
![Initiation of Re-assessment proceeding beyond six years is barred by Limitation, not valid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Initiation-of-Re-assessment-proceeding-beyond-barred-by-Limitation-not-valid-Calcutta-HC-TAXSCAN.jpg "Initiation of Re-assessment proceeding beyond six years is barred by Limitation, not valid: Calcutta HC [Read Order]")
No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]
The Bombay High Court has held that writ jurisdiction can’t be exercised when an alternate remedy of appeal is available u/s 246 of the Income Tax Act, 1961. Falcon Retreat Private Limited, the...
![No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Writ-Jurisdiction-Alternate-Remedy-Appeal-Income-Tax-Act-Bombay-High-court-Income-Tax-tax-taxscan.jpg "No Writ Jurisdiction When Alternate Remedy of Appeal available u/s 246 of Income Tax Act: Bombay HC [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]")
Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]
A division bench of the Delhi High Court, while considering a writ petition, has quashed a pre-consultation notice issued under section 148A(d) of the Income Tax Act, 1961 stating that the same was...
![Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delhi-HC-Pre-Consultation-Notice-Income-Tax-Act-taxscan.jpg "Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]")
Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition to a cash deposit is not allowable when additional evidence explaining the source is submitted by the assessee. Dr...
![Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/cash-deposit-additional-evidence-assessee-ITAT-taxscan-.jpeg "Income Tax Addition on Cash Deposit is not allowable When Additional Evidence explaining Source submitted by Assessee: ITAT [Read Order]")
Assumption of Jurisdiction by Assessing Authority beyond period of 4 years is not barred by Limitation in the absence of Full and True Disclosure u/s 147: Madras HC [Read Order]
Assumption of jurisdiction by the assessing authority beyond the period of 4 years is not barred by limitation in the absence of full and true disclosure under section 147 of the Income Tax Act,1961,...
![Assumption of Jurisdiction by Assessing Authority beyond period of 4 years is not barred by Limitation in the absence of Full and True Disclosure u/s 147: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/jurisdiction-assessing-authority-Madras-HC-taxscan.jpeg "Assumption of Jurisdiction by Assessing Authority beyond period of 4 years is not barred by Limitation in the absence of Full and True Disclosure u/s 147: Madras HC [Read Order]")