Read all Latest Updates on and about Section 148A(b) of the Income Tax Act

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Section 148A(b) of the...

JAO has power to initiate reassessment proceedings, as Faceless Reassessment Scheme Supports concurrent jurisdiction: Delhi HC [Read Order]

Yogitha S Yogesh

In a recent case, the Delhi High Court has relied on the judgment holding that the Jurisdictional Assessing Officer (JAO) retains the power to...

Legal Representative Updation on Death of Assessee on Income Tax Portal is Sufficient Intimation of...

Proceedings u/s 148 A of Income Tax Act is Invalid when Rejecting Response furnished by Assessee...

Delhi High Court Quashes Income Tax Reassessment Notice for AY 2015-16, Rules TOLA Cannot Extend...

Provision under IBC overrides Income Tax Act: Calcutta HC [Read Order]

AO Provided Only 6 Days to Reply to Notice Instead of Mandatory 7 u/s 148A(b): ITAT Quashes Reassessment [Read Order]

The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings due to the Assessing Officer (AO) violating the mandatory statutory timeline prescribed under Section...

Invalid Bank Account in ITR Filed: Rajasthan HC Sets aside Proceedings u/s 148A of Income Tax Act due to Procedural Violation [Read Order]

In a recent case related to the validity of the bank account mentioned in the Income Tax Return (ITR) filed, the Rajasthan High Court set aside the proceedings initiated under 148A of the Income Tax...

Proceedings under Income Tax Act against Deceased Assessee Cannot be Continued against Legal Representative: Karnataka HC [Read Order]

The Karnataka High Court held that proceedings initiated against an Income Tax Assessee by issuing notice after his demise cannot be continued against his/her legal representative. It was found that...

Failure to respond to Income Tax Notice justified by Pathology Reports: Madras HC sets aside Assessment and Penalty Orders conditionally [Read Order]

The Madras High Court has conditionally set aside assessment and penalty orders issued against a petitioner for the assessment year 2015-16, citing health issues as a valid reason for failing to...

Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]

Тhe Delhi Нigh Cоurt, in а recent ruling, dismissed а рetitiоn filеd by Mаjestic Hаndicrаft Privаte Ltd chаllenging reаssessment nоtice аnd оrder аs pеr Sectiоns 147 аnd 148 оf thе Income Tаx Aсt...

Mere Mentioning of Sale of Entry as Purchase Does Not Invalidate Income Tax Notice Flagging Bogus Transactions: Gauhati HC [Read Order]

The Gauhati High Court in a significant case has dismissed a challenge to an order under Section 148A(d) of the Income Tax Act, 1961. The bench held that mere mentioning of sale of entry as...

Full Sale Consideration taken Without Indexed Cost Adjustment in Capital Gain Calculation: Karnataka HC sets aside Income Tax Reassessment Notice [Read Order]

In a recent ruling, the Karnataka High Court quashed an income tax reassessment notice issued to the petitioner where the full sale consideration was considered in calculating capital gains without...