Read all Latest Updates on and about Section 148 of the Income Tax Act

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Gift of Immovable Property to Sister Not Taxable: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that a gift of immovable property to sister is neither taxable as capital gain or...

Re-assessment Order passed without Considering Submissions of Assessee : ITAT remands matter to AO...

Re-Opening of Assessment Impossible Beyond 4 Years, once Assessment Completed u/s 143(3): ITAT [Read...

Issuance of Notice under Section 148 without Approval of Higher Authorities: ITAT quashes Assessment...

Claim of Deduction u/s 80P of Income Tax Act is Conditional on filing Return within Due Date: Kerala...

Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the assessment order passed by the Assessing Officer even after knowing about the death of the assessee is bad in law. The...

NRI Investments in India: What to Do if You Receive an Income Tax Notice

Several UAE-based Indian ex-pats have been receiving notices from the Indian income tax department in relation to their previous investments in India. These notices have led to concerns among...

UAE - NRI - Notice - Income Tax - Tax - Income - Income tax reassessment - reassessment notice - reassessment - Taxscan

Revenue failed to provide material /information based on which allegation levelled against assessee: Delhi HC sets aside Assessment Order u/s 148

The Delhi High Court set aside the assessment order under section 148 of the Income Tax Act, 1961 since the revenue failed to provide material information based on which allegation was levelled...

Revenue - material - information - Delhi - HC - Assessment - Order - TAXSCAN

Reassessment Notice against Company which already has been Amalgamated is Invalid: Calcutta HC [Read Order]

In a recent case, the High Court of Calcutta has held that a reassessment notice issued against a company which already has been amalgamated is invalid. North Bengal Promoters Private Limited Vs.,...

Non-application of mind without considering Relevant Documents: Bombay HC quashes Reassessment Notice [Read Order]

The Bombay High Court quashed reassessment notice on the ground that there was non-application of mind by Assistant Commissioner of Income Tax without considering relevant documents. The writ...

Reopening of Assessment without any Tangible Information is not valid: Bombay HC [Read Order]

The Bombay High Court held that the reopening of the assessment is not valid when there is no tangible information. Anwar Mohammed Shaikh, the petitioner challenged the notice dated 31.03.2021...

Reasons recorded for Reopening Reassessment to be Examined on Standalone Basis to Determine validity of Proceedings u/s 147 of Income Tax Act: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently observed that the reasons, as recorded forreopening the reassessment, are to be examined on a standalone basis to determine the...

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