Judgement

The Gujarat High Court has held that ITAT Cannot Recall Its Final Order Under Section 254(2) by Re-hearing Case on Merits

High Court Holds Rectification Power Under Section 254(2) Cannot Be Used as a Review Jurisdiction

HC invalidates entire reassessment proceedings, holding that there was no new tangible material indicating income escapement and the reopening was merely a change of opinion. 

High Court Holds Assessment Reopening Based On Mere Change Of Opinion and Lacked Fresh Tangible Material

Articles

Taxpayers should not wait for a possible ITR deadline extension and should file early to avoid penalties, correct financial mismatches, and choose the right tax regime.

ITR Filing Deadline: Why Waiting for an Extension Could Cost You

The court held that the Income Tax Department could not reopen a completed assessment without fresh material or alleging failure to disclose material facts.

HC Quashes Income Tax Reopening Notice, Holds It Was Based on ‘Change of Opinion’

The ITAT Bangalore held that an AO cannot determine commission income by applying any percentage without independent supporting evidence, particularly where the assessee is only a commission agent.

ITAT Remands Commission Income Addition After Holding 8% Estimation Without Supporting Evidence Unsustainable

The ITAT Chennai held that additions under the Income Tax Act cannot be sustained solely on the basis of entries found in electronic records or books maintained by a third party.

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High Court Holds Rectification Power Under Section 254(2) Cannot Be Used as a Review Jurisdiction

High Court Holds Assessment Reopening Based On Mere Change Of Opinion and Lacked Fresh Tangible Material

ITR Filing Deadline: Why Waiting for an Extension Could Cost You

HC Quashes Income Tax Reopening Notice, Holds It Was Based on ‘Change of Opinion’

ITAT Remands Commission Income Addition After Holding 8% Estimation Without Supporting Evidence Unsustainable

ITAT Holds Entries in Third-Party Electronic Records Cannot by Themselves Establish Undisclosed Income