Judgement

The Tribunal held that mechanical reopening does not meet the requirement of "reason to believe" as per section 147 of the Income Tax Act.

Reopening Without Independent Verification by AO is Bad in Law: ITAT

Reopening Income Tax case without Independent Verification by AO is Bad in Law: ITAT

News

General Insurance Corporation of India receives Rs 350.47 crore tax demand, plans to appeal before NFAC

General Insurance Corporation of India Faces Rs 350.47 Crore Income Tax Demand

ITAT ruled that a mere technical error in reporting a foreign contribution under the wrong ITR schedule cannot justify its addition as taxable income.

ITAT: Wrong Schedule Entry in ITR Does Not Justify Addition of Foreign Contribution

The Telangana HC quashes the reassessment, holding the reopening invalid without fresh tangible material beyond the original scrutiny.

HC Sets Aside Section 148 Notice for Lack of Fresh Evidence

Articles

Understand why SEBI Grade A is the next smartest career leap for company secretary professionals.

CS Professionals and SEBI Grade A: Why This Is the Natural Career Move

The ITAT remands the TDS demand for the dividend paid to the Mauritius entity, allowing the assessee to submit TRC and Form 10F to claim the DTAA benefit.

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Reopening Income Tax case without Independent Verification by AO is Bad in Law: ITAT

General Insurance Corporation of India Faces Rs 350.47 Crore Income Tax Demand

ITAT: Wrong Schedule Entry in ITR Does Not Justify Addition of Foreign Contribution

HC Sets Aside Section 148 Notice for Lack of Fresh Evidence

CS Professionals and SEBI Grade A: Why This Is the Natural Career Move

ITAT Remands TDS Demand; Allows DTAA Relief Verification Opportunity