reasons recorded

  • Income Tax

Reopening of assessment completed u/s 143(1) not sustainable without any tangible material – ITAT

Reopening of assessment which is completed u/s 143(1) not sustainable without there being any tangible material coming to the knowledge…

5 years ago
  • Income Tax

Reopening based on AIR information after sending query letter was not without application of mind

Reopening by issue of notice u/s 148 on the basis of AIR information after sending query letter to assessee was…

5 years ago
  • Income Tax

Reopening notice after 4 year when escaped income less than 1 lakh is time barred – ITAT

Reopening notice after 4 year when escaped income less than 1 lakh is time barred and not tenable in the…

5 years ago
  • Income Tax

Reopening on the basis of alleged VDIS declaration information from CBDT quashed

Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents…

6 years ago
  • Income Tax

Mere cash deposit in bank account not escapement of income- ITAT quashed reassessment order

Mere deposit of cash in bank account cannot give rise to a belief of Assessing Officer that income had escaped…

6 years ago
  • Income Tax

High court orders inquiry for manipulation / back dating of reasons to believe by AO

High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for…

6 years ago
  • Income Tax

Additions made on grounds other than reasons to believe recorded u/s 148-matter referred to Full Bench

Additions made on grounds other than reasons to believe recorded u/s 148-SC dismisses SLP of the assessee. Due to difference…

6 years ago
  • Income Tax

Not signing reasons recorded for reopening invalidated the notice u/s 148 as issued without recording reasons

Not signing reasons recorded for reopening invalidated the notice u/s 148. ITAT quashed the reopening as issue of the notice…

6 years ago
  • Income Tax

Initiation of reopening u/s 148 by recording wrong facts not categorically rebutted by the Department illegal – ITAT

Initiation of reopening u/s 148 by recording wrong facts not categorically rebutted by the Department held to be arbitrary and…

6 years ago
  • Income Tax

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT -High Court

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT under the provisions of section 151(1)…

6 years ago