![Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/07/CBDT-Income-tax-Reassessment-Notice-CBDT-notification-Central-Board-of-Direct-Taxes-taxscan.jpg "Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]")
Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]
The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance has issued new guidelines for issuing notices under Section 148 of the...
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part IV]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-part-IV-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part IV]")
![Telangana HC sets aside Reassessment Notice Issued u/s 148 of Income Tax Act without following modified Procedure under Finance Act, 2021 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Telangana-High-Court-Income-tax-Income-tax-act-Reassessment-notice-Finance-Act-TAXSCAN.jpg "Telangana HC sets aside Reassessment Notice Issued u/s 148 of Income Tax Act without following modified Procedure under Finance Act, 2021 [Read Order]")
![Information from ‘Insight Portal’ Valid for Reassessment u/s 148 of Income Tax Act: Rajasthan HC dismisses Writ Petitions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Rajasthan-High-Court-Rajasthan-HC-dismisses-Writ-Petitions-Reassessment-under-section-148-taxscan.jpg "Information from ‘Insight Portal’ Valid for Reassessment u/s 148 of Income Tax Act: Rajasthan HC dismisses Writ Petitions [Read Order]")
![Section 153C to be used for Third-Party Search Cases: Rajasthan HC quashes Income Tax Notices and Orders u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Section-153C-Third-Party-Search-Cases-Rajasthan-HC-Income-Tax-Notices-taxscan.jpg "Section 153C to be used for Third-Party Search Cases: Rajasthan HC quashes Income Tax Notices and Orders u/s 148 [Read Order]")
Notice u/s 148 of Income Tax Act without following Modified Procedure under Finance Act, 2021 is invalid: Telangana HC sets aside Reassessment Notice [Read Order]
The Telangana High Court observed that notice issued under section 148 of the Income Tax Act, 1961 without following the modified procedure under Finance Act 2021 is invalid and set aside the...
![Notice u/s 148 of Income Tax Act without following Modified Procedure under Finance Act, 2021 is invalid: Telangana HC sets aside Reassessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Notice-148-of-Income-Tax-Act-Modified-Procedure-Finance-Act-2021-Telangana-HC-Reassessment-Notice-taxscan.jpg "Notice u/s 148 of Income Tax Act without following Modified Procedure under Finance Act, 2021 is invalid: Telangana HC sets aside Reassessment Notice [Read Order]")
Addition on Sale of Partner's Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment proceedings, noting that the firm used a partner's property as its address, but the property had been sold...
![Addition on Sale of Partners Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-act-ITAT-delhi-Partners-property-sold-properties-TAXSCAN.jpg "Addition on Sale of Partners Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]")
Participation in Re-Assessment Proceedings: Rajasthan HC refuses to Entertain Writ Jurisdiction [Read Order]
The Rajasthan High Court refused to entertain writ petition as there was active participation of the petitioner in re assessment proceedings. The notice under Section 148 of Income Tax Act, 1961...
Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]
The Delhi High Court has held that the initiation of Section 153C of the Income Tax Act assessment proceedings falling beyond the maximum 10-year block period is unsustainable. Flowmore Limited,...
![Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Assessment-Proceedings-Delhi-High-Court-Income-Tax-Act-Income-Tax-Section-153C-Income-Tax-Act-taxscan.jpg "Assessment Proceedings u/s 153C of Income Tax Act initiated after 10 Years Block Period is Invalid: Delhi HC [Read Order]")
Action of Reassessment in relation to Search undertaken on or after 1st April 2021 should meet Tests under First Proviso to Section 149(1) of Income Tax Act: Delhi HC [Read Order]
In a significant ruling, the Delhi High Court observed that the action of reassessment in relation to search undertaken on or after 1st April 2021 should meet tests under First Proviso to Section...
![Action of Reassessment in relation to Search undertaken on or after 1st April 2021 should meet Tests under First Proviso to Section 149(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Delhi-High-Court-Delhi-hc-Income-tax-act-First-proviso-Section-149-TAXSCAN.jpg "Action of Reassessment in relation to Search undertaken on or after 1st April 2021 should meet Tests under First Proviso to Section 149(1) of Income Tax Act: Delhi HC [Read Order]")
Date of Acquisition of New Property must be Date of Possession: ITAT allows Deduction under Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the date of possession of new property is to be considered as the date of acquisition while considering the deduction under...
![Date of Acquisition of New Property must be Date of Possession: ITAT allows Deduction under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Property-tax-Income-tax-act-ITAT-mumbai-New-properties-TAXSCAN.jpg "Date of Acquisition of New Property must be Date of Possession: ITAT allows Deduction under Income Tax Act [Read Order]")
Benefits of 80P Deduction denied due to Non-filing of Income Tax Returns on Prescribed Time: Kerala HC directs to File ITR [Read Order]
In a recent case, the Kerala High Court has held that benefits of Income Tax,1961 deduction under Section 80 (P) were denied due to non-filing of Income Tax Return ( ITR ) on prescribed time. The...
![Benefits of 80P Deduction denied due to Non-filing of Income Tax Returns on Prescribed Time: Kerala HC directs to File ITR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Returns-Kerala-High-Court-Section-80-P-Benefits-of-80P-Deduction-80P-Deduction-denied-taxscan.jpg "Benefits of 80P Deduction denied due to Non-filing of Income Tax Returns on Prescribed Time: Kerala HC directs to File ITR [Read Order]")