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Section 148 of the Act

Post-Amendment Limitation Period under S. 149 of Income Tax Act Applies Retrospectively: Calcutta HC Relies on Supreme Court Verdict [Read Order]

Relying on the Supreme Court verdict, the Calcutta High Court quashed reassessment notices for the Assessment Year 2015-16, ruling that the...

Bank Attachment Fails to Consider Section 80P(2) Exemption: Karnataka HC Quashes Ex-Parte Income Tax...

NCLT Condones Federal Bank’s 470‑Day Delay in filing ₹48L Claim against Bankrupt Debtor, noting...

Income Tax Reassessment Beyond 6 Years Invalid Without Existence of ‘Asset’: Delhi HC Quashes Notice...

ITAT Sets Aside Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit, says Proceedings...

Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]

The Income Tax Appellate Tribunal (ITAT) upheld deleting the addition of ₹6.41 crore on the basis of the undisclosed income was upheld by the Delhi Bench of the Income Tax Appellate Tribunal (ITAT)...

No Disclosure of Material Facts: Madras HC Invalidates Action for Reopening Income Tax Assessment Notice issued u/s 148 [Read Order]

The Madras High Court has held the reopening of assessment by the Income Tax Department under Section 148 of the Income Tax Act, 1961 to be invalid observing that reassessment cannot be made when...

Change in Opinion Insufficient for Reassessment: ITAT highlights Validity of Notice u/s 148 in Vedanta Limited Case [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, observed the validity of a notice issued under Section 148 of the Income Tax Act, 1961 and held that a change in opinion was not sufficient ...

SCN issued by JAO instead of FAO, Prima Facie Income Tax Reopening Time-Barred: Calcutta HC Stays Reassessment [Read Order]

In a recent ruling, the Calcutta High Court stayed the reassessment proceedings for AY 2015-16, noting prima facie that the reopening appears time‑barred under Section 149 of the Income Tax Act....

Supreme Court upholds Rajasthan HC Ruling Quashing S. 148 Reassessment Notices Based on Third-Party Search Material [Read Order]

The Supreme Court refused to entertain the Income Tax Department’s Special Leave Petition (SLP) against the Rajasthan High Court judgment which had quashed reassessment notices issued under Section...

Failure to Afford Opportunity to Furnish Documents Violates Natural Justice: Calcutta HC sets aside Order u/s 148A(3) of IT Act Against Co-operative Bank [Read Order]

The Calcutta High Court has quashed and set aside an order passed under section 148A(3) of the Income Tax Act of 1961, as the Assessing Officer (AO) didn't allow the petitioner bank to furnish the...

Reopening Assessment Twice on Same Issue Unconstitutional, Hits Articles 14 & 300A: Delhi HC in NDTv Founders’ Case [Read Judgment]

The Delhi High Court quashed the income tax reassessment against the founders of NDTv Dr. Prannoy Roy and Ms. Radhika Roy for AY 2009-10. Justice Dinesh Mehta and Justice Vinod Kumar held...