Judgement

The SC has ruled that income tax reassessment proceedings are invalid in the absence of a mandatory notice under Section 143(2), clarifying that taxpayer participation cannot cure the complete non-issuance of such notice.

Supreme Court: Income Tax Reassessment Invalid Without Mandatory Section 143(2) Notice Issuance Even If Taxpayer Participates

The ITAT Delhi held that repayment of Rs 1 Crore loan before reassessment notice supports genuineness.

ITAT Holds Repaid Loan Cannot Be Treated as Bogus Accommodation Entry Merely on Suspicion

The ITAT Delhi directs AO to reconsider taxability of plot surrender compensation after granting the assessee a fair opportunity of hearing.

ITAT Remands Addition for Fresh Assessment After Setting Aside Ex-Parte Orders

The ITAT condones 349-Day Delay in Appeal by Small Farmer and directs AO to reconsider penalty proceedings.


ITAT Remands Case for Fresh Decision After Granting Hearing Opportunity

News

Snowman Logistics’ income tax penalty for AY 2024-25 has been reduced by Rs 34.43 lakh to Rs 1.72 crore following a rectification order, while the company’s appeal against the penalty remains pending.

Snowman Logistics Receives Income Tax Rectification Order, Penalty for AY 2024-25 Reduced from Rs 2.06 Crore to Rs 1.72 Crore

Notifications

CBDT has notified the conditional non-applicability of specified provisions of Chapter XIX of the Income-tax Act, 2025, to payments received by the IRRI.

Explore Our Blogs

Supreme Court: Income Tax Reassessment Invalid Without Mandatory Section 143(2) Notice Issuance Even If Taxpayer Participates

ITAT Holds Repaid Loan Cannot Be Treated as Bogus Accommodation Entry Merely on Suspicion

ITAT Remands Addition for Fresh Assessment After Setting Aside Ex-Parte Orders

ITAT Remands Case for Fresh Decision After Granting Hearing Opportunity

Snowman Logistics Receives Income Tax Rectification Order, Penalty for AY 2024-25 Reduced from Rs 2.06 Crore to Rs 1.72 Crore

CBDT Restricts Applicability of Chapter XIX Income Tax Provisions on Payments to IRRI Subject to Certain Conditions