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ITAT Quashes Reassessment Orders against Assessee Due to Time-Barred Notice under New Regime [Read Order]

Eeva Mary Sanil

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) has quashed two reassessment proceedings against the assessee Vinay Agrawal for...

Non-Payment of Advance Tax Makes S.249(4)(b) of Income Tax Act Inapplicable: ITAT [Read Order]

“Cash Deposits Only results in ‘Reason to Suspect’, Not ‘Reason to Believe’”: ITAT Quashes...

ITAT Strikes Down Reassessment: Rs50 Lakh Threshold Not Met for Late Notice [Read Order]

ITAT Sets Aside CIT(A) Order on Kochin Co-op Society's Cash Deposits, Demands Fresh Review [Read...

Await Outcome of Statutory Appeal Before Approaching Writ Court: Madras HC dismisses Writ Petition against Income Tax Proceedings [Read Order]

In a recent ruling, the Madras High Court dismissed the writ petition against income tax proceeding directing the petitioner to wait for the outcome of the statutory appeal filed before approaching...

Reassessment Notice Beyond 10 Years Limit: Delhi HC Quashes Notice u/s 149 of Income Tax Act [Read Order]

In a recent ruling, the Delhi High Court quashed a reassessment notice issued under Section 148 of the Income Tax Act, 1961, as it was issued beyond the permissible 10-year limit under the amended...

Non-Prosecution of Appeal Due to Non-Issuance of Notices: ITAT Remits Matter to AO [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) remitted the matter to the Assessing Officer (AO) for fresh adjudication after finding that the appeal was dismissed due to non-prosecution, as...

AO Cannot Initiate Reassessment Proceedings During Pending Rectification Proceedings: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) held that the Assessing Officer(AO) cannot initiate reassessment proceedings under section 148 of Income Tax Act,1961 while rectification...

ITAT rules No Penalty u/s 270A for Misreporting Income Due to Correct Filing and Tax Payment [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that no penalty under Section 270A of Income Tax Act,1961, for misreporting income was applicable due to correct filing and tax...

Change in Tax Consultant: ITAT Condones 38 days appeal Filing Delay [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 38 days in filing an appeal, attributing the delay to a change in the assessee's tax consultant. Sujit Arun Taware...

AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that the Assessing Officer ( AO ) cannot initiate reassessment proceedings under section 148 of Income Tax Act,1961 while rectification...