Judgement

High Court upholds reassessment proceedings under Section 148 for AY 2020-21, holding notice valid in law with due sanction and within limitation

Patna High Court Upholds Validity of Reassessment Notice under Section 148

Tribunal upholds CIT(A)’s relief on dividend income and deductions u/s 80G & 80GGA; holds cancellation of 12A registration effective from 20.03.2015

HC refuses to entertain writ against penalty order; directs adjustment of earlier deposit of Rs. 3,00,000 towards the statutory pre-deposit

Court finds valid “reasons to believe” under Section 132 of the Income Tax Act; rejects challenge to search and seizure of jewellery and bullion.

Tribunal follows jurisdictional High Court rulings and family members’ cases; holds transactions genuine, exempts capital gains under Section 10(38)

Court finds no merit in challenge to reassessment; holds that AO is entitled to scrutinize suspected bogus insurance commission transaction.