![Reassessment Order under Sec 143(3) rws 147 without Notice is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Reassessment-Taxscan.jpg "Reassessment Order under Sec 143(3) rws 147 without Notice is Invalid: ITAT [Read Order]")
Reassessment Order under Sec 143(3) rws 147 without Notice is Invalid: ITAT [Read Order]
In a recent decision in Prakash Rameshbhai Nanda vs Income Tax Officer, Rajkot bench of Income Tax Appellate Tribunal (ITAT) recently held that...
![It is the Burden of the Assessing Officer to prove that Assessee Escaped Income for invoking Sec 147: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "It is the Burden of the Assessing Officer to prove that Assessee Escaped Income for invoking Sec 147: ITAT [Read Order]")
![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]")
![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]
While allowing the appeal filed by the assessee for statistical purposes, the Hyderabad bench of Income Tax Appellate Tribunal (ITAT) deleted the addition by applying deemed provisions of Section 50C...
![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]")
Genuineness of Gift received by Assessee can’t be suspected merely on Ground that Family Members received Bogus Gifts: ITAT
While deleting an addition made in respect of undisclosed income, the Delhi bench of the ITAT held that the gift received by the assessee cannot be treated as non-genuine merely for the reason that...
![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...