![Non-Disposal of Objections by the AO through a Separate Speaking Order would make Re-Assessment Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Non-Disposal of Objections by the AO through a Separate Speaking Order would make Re-Assessment Invalid: ITAT [Read Order]")
Non-Disposal of Objections by the AO through a Separate Speaking Order would make Re-Assessment Invalid: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that re-opening of assessment under section 147/148 of the Income Tax Act, 1961...
![Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Stock-Exchange-Taxscan.jpg "Purchase and Sale of Shares through Stock Exchange can’t be treated as ‘Bogus’ when the Same was Evident through Broker’s Note: ITAT [Read Order]")
![ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]")
![Madras HC quashes IT Assessment against Former Environment Minister Jayanthi Natarajan [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Jayanti-Natarajan.jpg "Madras HC quashes IT Assessment against Former Environment Minister Jayanthi Natarajan [Read Order]")
Limitation Period of 4 years for Re-Assessment is an Exception and not the Rule: Delhi HC [Read Order]
Four year limitation period specified under section 147 of the Income Tax Act, 1961 is not merely a Rule; it is an exception, said Delhi High Court. A bench of Justices S. Muralidhar and Prathibha M...
![Limitation Period of 4 years for Re-Assessment is an Exception and not the Rule: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Limitation Period of 4 years for Re-Assessment is an Exception and not the Rule: Delhi HC [Read Order]")
Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]
In Radhawami Salt works v. ACIT, a division bench of the Gujarat High Court held that re-assessment under s. 147/148 of the Income Tax Act cannot be made when the original assessment order is...
![Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Re-Assessment is not permissible when the Appeal against Original Assessment order is not Disposed: Gujarat HC [Read Judgment]")
Information from Investigation Wing of IT Department cannot be a Sole Basis for Re-Assessment: Delhi HC [Read Judgment]
In Principal Commissioner of Income tax v. Meenakshi Overseas Pvt Ltd, the Delhi High Court held that re-assessment under Sections 147/148 of the Income Tax Act cannot be made only on the basis of...
Appeal is not a Proper Remedy to Cure the Defects in Appeal: ITAT Kolkata says Re-Assessment is for the benefit of Revenue, not for Assessee
In Hareram Koley v. ITO, the Kolkata ITAT ruled that the defects committed by the assessee at the time of filing returns cannot be corrected through the appeal since it is not the proper remedy for...
Re-Assessment proceedings solely based on objection of Audit Para are Invalid: ITAT Jaipur [Read Order]
In a recent ruling, the Jaipur bench of the Income Tax appellate Tribunal held that the re-assessment under section 147 of the Income Tax Act are invalid if the same is based solely on the objection...