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

Kavi Priya

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...

10-Year Extended Reassessment Invalid as Escaped Income Not Represented as Asset u/s 153A(1)...

ITAT Confirms ₹4.10 Cr Addition U/s 69, Upholds Courts’ Authority to Dismiss Defaulted Cases [Read...

Reassessment u/s 147 on Mere Change of Opinion Invalid: ITAT [Read Order]

Lack of Jurisdiction Disqualifies Entire Tax Proceedings against NRI: ITAT [Read Order]

Application of Section 44AD: ITAT Rules Gross Deposits Taxable at 8% for Retail Business Assessment [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the gross deposits of a retail business are taxable at 8% under Section 44AD of the Income Tax Act, 1961, rather than treating...

ITAT Sets Aside CIT(A) Order on Scheduled Tribe Doctor’s S.10(26) Exemption Claim Over Eligibility Misinterpretation [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax(Appeals)[CIT(A)] order regarding a Scheduled Tribe doctor's exemption claim under Section 10(26) of...

Reassessment without 'Reasons to Believe': ITAT Restores Matter to CIT(A) [Read Order]

The Raipur Bench of Income Tax Appellate Tribunal(ITAT) restored the matter to the Commissioner of Income Tax(Appeals)[CIT(A)] after finding that the reassessment was initiated without providing the...

ITAT Dismisses Revenue's Appeal Against Sun Gold Capital Limited due to Low Tax Effect as per CBDT Circular [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeal against Sun Gold Capital Limited due to low tax effect as per Central Board of Direct Taxes (CBDT) Circular...

Clerical Errors in Reassessment Notices can be Rectified but Ignoring Apparent Mistakes in Assessment Order is Unsustainable: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court stated that clerical mistakes in reassessment notices can be corrected, but ignoring clear errors in assessment orders is not acceptable. The case...

CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter concerning the income addition dispute citing that the Commissioner of Income Tax (Appeals) [CIT(A)] failed to...

No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]

The Rajasthan High Court recently ruled referred to the Supreme Court decision in Union of India & ors. Vs. Rajeev Bansal (2024) to hold that reassessment notice under Section 148 of the Income...

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