reopening 148

  • Income Tax

ITAT authorised to consider question of jurisdiction raised first time, not raised earlier

ITAT authorised to consider question of jurisdiction raised first time and not raised earlier as it goes to the root…

5 years ago
  • Income Tax

Reopening u/s 148 alleging evidence discovered with due diligence quashed. SC dismisses SLP of Deptt.

Reopening u/s 148 alleging evidence discovered with due diligence quashed as no specific failure on part of the assessee was…

5 years ago
  • Income Tax

Reopening for not replying to invalid / non est inquiry letter for cash deposits in bank quashed

Reopening for not replying to invalid and non est inquiry letter for cash deposited in bank quashed. Deposit per se…

5 years ago
  • Income Tax

Change of opinion not permissible for invoking proceedings u/s 147

Change of opinion not permissible for invoking proceedings u/s 147. ITAT quashed reassessment for payment of managerial remuneration in proprietorship…

5 years ago
  • Income Tax

Reopening due to change in method of accounting for NPA-SC dismisses SLP of ITD

Reopening due to change in method of accounting for NPA quashed as it was notified in audited accounts. SC dismissed…

5 years ago
  • Income Tax

If AO examines a claim and not reject it then it can’t be said that AO not formed any opinion  

If AO examines a claim and not reject it then it can’t be said that AO had not formed any…

5 years ago
  • Income Tax

Allowability of Pension paid to retiring partner in CA Firm. SC refuses to entertain SLP of ITD on reopening

Allowability of pension payment to retiring partner in CA Firm. SC refuses to entertain SLP of the ITD against High…

5 years ago
  • Income Tax

ITAT warns awarding cost for not following SC guidelines in GKN Driveshafts

ITAT warns of awarding cost for AO not following guidelines of Supreme Court in GKN Driveshaft  where assessee objects to…

5 years ago
  • Income Tax

Reassessment without fresh material with AO to believe that income has escaped is invalid

Reassessment without fresh material with the Assessing Officer to believe that income has escaped assessment is invalid ABCAUS Case Law…

5 years ago
  • Income Tax

Reasons to believe vs reasons to suspect-ITAT quashed reassessment

Reopneing-AO had to act on the basis of reasons to believe and not on reasons to suspect. ITAT quashed the…

5 years ago