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

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Once Income Disclosure Certificate is Validly Issued, Revenue Cannot Reopen Assessment Unless It is Cancelled: Bombay HC [Read Order]

In a recent ruling, the Bombay High Court held that once an Income Disclosure Certificate is validly issued under the Income Disclosure Scheme...

Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice...

Relief for Huawei: Delhi HC Sets Aside S.148A(3) Order and S.148 Notice, Directs AO to Pass Fresh...

ITAT Reduces S.69A Additions on NRI’s Account to ₹63,133 from ₹2.28 Cr [Read Order]

Time-Barred Income Tax Notice u/s 148 over Investment Scheme: ITAT quashes Reassessment [Read Order...

Jurisdiction of S. 148 Challenged: HP HC Refuses to Interfere as Similar Matters Pending Before SC, Stays proceedings [Read Order]

The Himachal Pradesh High Court, declined to adjudicate upon the challenge to reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961, holding that an identical issue is...

Delhi HC Quashed Reassessment as AO’s 95%-5% Revenue Split Dispute Found Unjustified: Supreme Court Declines to Intervene [Read Order]

In a recent ruling, the Supreme Court of India refused to interfere with the Delhi High Court’s decision quashing a reassessment initiated under Section 148 of the Income Tax Act, 1961, against ...

AO cannot Issue Notice to Reopen Income Tax Assessment after 3 Years Without Pr. CCIT Approval: ITAT Quashes Notice against Saif Ali Khan [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that a reassessment notice issued under Section 148 of the Income Tax Act, 1961, without valid approval under Section 151, is void ab...

Courts Cannot Review if AO has Enough Material to Reopen Assessment: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court observed that the sufficiency of the material available with the Assessing Officer (AO) to carry out reassessment is beyond the scope of judicial review. ...

Alleged Bogus Sales and Commission Addition u/s 68 & 69C: ITAT Upholds CIT(A) Deletion after Assessing Evidence [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the deletion of alleged bogus sales and commission additions under section 68 and 69C of Income Tax Act,1961 by the Commissioner of...

Reopening Assessments based only on Survey Material without Tangible Evidence of PE in India is not Valid: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that the reopening of assessments based only on survey material, without any tangible evidence establishing the existence of a permanent establishment...

Reassessment based on Incorrect Facts not Valid: ITAT Quashes Notice u/s 148 [Read Order]

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment notice issued under Section 148 of the Income Tax Act, 1961, and deleting an addition of Rs. 16,15,47,810...

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