News

The Supreme Court will examine whether regular Assessing Officers can legally issue reassessment notices under the retrospectively inserted Section 147A.

Supreme Court to Examine Section 147A Validity: Can Jurisdictional Assessing Officers Continue Issuing Reassessment Notices?

Judgement

ITAT remands the Section 148 reassessment case to CIT(A), awaiting the High Court’s ruling on retrospective validation of JAO-issued notices.

Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

The ITAT Ahmedabad rules AO Cannot make fresh addition on an issue unconnected with reasons recorded for reassessment.

ITAT Allows Section 80P Deduction to Co-operative Credit Society Where No Addition Made on Reopened Issues

The High Court Holds there was reasonable basis to initiate reassessment despite assessee’s explanation.

High Court Upholds Reassessment Proceedings And Allows Assessee to Raise Limitation Plea

ITAT quashes reassessment proceedings, holding that the AO relied on Investigation Wing information without independent application of mind.

ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment

The ITAT Chennai rules audit report available before reassessment completion amounts only to technical breach



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Supreme Court to Examine Section 147A Validity: Can Jurisdictional Assessing Officers Continue Issuing Reassessment Notices?

Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

ITAT Allows Section 80P Deduction to Co-operative Credit Society Where No Addition Made on Reopened Issues

High Court Upholds Reassessment Proceedings And Allows Assessee to Raise Limitation Plea

ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment

ITAT Deletes Penalty on Belated Tax Audit Report Filed Before Completion of Reassessment