Judgement

ITAT Delhi held that an ITO lacked pecuniary jurisdiction to issue a Section 148 reassessment notice where the taxpayer’s returned income exceeded Rs 20 lakh, rendering the proceedings void ab initio.

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

ITAT held that a reassessment notice issued without approval from the prescribed authority under Section 151 of the Income-tax Act is invalid and unsustainable in law.

Reassessment Notice Issued Without Correct Authority’s Approval Is Invalid, Rules ITAT 

The Tribunal invalidated the Section 148 reassessment notice, rendering the Revenue's appeal infructuous.

ITAT Sets Aside Reassessment Proceedings, Holds Revenue's Appeal Infructuous

The ITAT Ahmedabad Holds Notice Under Section 148 Invalid as Revenue Failed to Issue It Within the 'Surviving Time' Recognised by the Supreme Court

ITAT Quashes Reassessment Notice Issued Beyond Surviving Limitation Period Prescribed Under TOLA

The ITAT Ahmedabad ruled that the reassessment proceedings could not survive once the notice itself was barred by limitation

ITAT Quashes Reassessment Notice Issued Beyond ‘Surviving Time’ Under TOLA and Section 148

The ITAT Delhi holds that reassessment under Sections 147 or 148 cannot survive beyond three years if the income to have escaped assessment is below the statutory limit. 

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Rules Reassessment Notice Issued by ITO Invalid for Taxpayer With Income Above Rs 20 Lakh, Holds Proceedings Void Ab Initio

Reassessment Notice Issued Without Correct Authority’s Approval Is Invalid, Rules ITAT

ITAT Sets Aside Reassessment Proceedings, Holds Revenue's Appeal Infructuous

ITAT Quashes Reassessment Notice Issued Beyond Surviving Limitation Period Prescribed Under TOLA

ITAT Quashes Reassessment Notice Issued Beyond ‘Surviving Time’ Under TOLA and Section 148

ITAT Rules Reassessment Notices Where Escaped Income Ultimately Fell Below Rs 50 Lakh Threshold as Unsustainable