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Section 148 of the...

ITAT Quashes Assessment for Lack of Jurisdiction: "Reason to Believe" Framed by Non-Jurisdictional AO Held Invalid [Read Order]

Saagarika Gopinath

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment order for the financial year 2011-12, holding that the notice...

Income Tax Proceedings cannot Survive if Empowering Notices have been Statutorily Quashed: Madras HC...

ITAT Sets Aside Reassessment Notices Issued u/s 148 for Lack of Proper Sanction Post Finance Act,...

Buyer’s TDS Filing Error Won’t Deny NRI Seller's Full Credit: Delhi HC Orders Refund Processing...

Reassessment Triggered by 175% Spike in Penny Stock Gains Allegedly Manipulating Capital Gains:...

Gas Cylinder Distributor Not Received Income Tax Notice Due to Change of Email ID: Madras HC Waives 15% of Disputed Tax Amount for Fresh Consideration [Read Order]

The Madras High Court has partly allowed a writ appeal filed by a gas cylinder and stove distributor, setting aside the condition imposed by a Single Judge to pay 15% of the disputed tax amount. ...

Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]

The Delhi High Court in a recent case has set aside the Income Tax notice issued demanding management fee paid to oversea company being violative of section 149 (1)(a) of the Income Tax Act, 1961. ...

Bombay HC quashes Income Tax Notice Issued u/s 148 which was beyond the time period specified under statute [Read Order]

In a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which was issued beyond the period specified under section 149(1) of the Act...

DIN Requirement Breached Initially but Rectified Within 15 Days: Patna HC Validates Income Tax Notices [Read Order]

In a recent ruling, the Patna High Court upheld the validity of income tax reassessment notices, ruling that the initial procedural lapse concerning the absence of a Document Identification Number...

Unsubstantiated Foreign Remittances Ineligible for Exemption u/s 10(4): ITAT Partly Upholds Claim of NRI [Read Order]

In a recent decision, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that unsubstantial foreign remittances cannot qualify for exemption under Section 10(4) of the Income Tax...

Clean Slate Doctrine Under IBC Prevents Income Tax Dept from Reopening Assessments Excluded from Approved RP: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that the Income Tax Department cannot raise claims that were not part of an approved resolution plan under the Insolvency and Bankruptcy Code (IBC),...

10-Year Extended Reassessment Invalid as Escaped Income Not Represented as Asset u/s 153A(1) Proviso: Delhi HC [Read Order]

In a recent judgment, the Delhi High Court ruled that the 10-year reassessment window allowed under the proviso to Section 153A(1) was inapplicable as the escaped income was not represented in the...