Judgement

Delay caused by employer's delayed Form 16 issuance held to be sufficient cause; reassessment remanded to AO.

ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh Verification

ITAT accepts TNMM for royalty, remands commission benchmarking, and grants relief on Section 54G claim.

ITAT Deletes TP Royalty Adjustment, Orders Fresh Review of Commission Benchmarking

HC quashed the reassessment notice, ruling that reopening an assessment without fresh tangible material amounts to an impermissible change of opinion.

HC Rules Income Tax Reopening Illegal Without Fresh Tangible Material and Based on Mere Opinion Change

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

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ITAT Condones 302-Day Delay, Restores Salary Assessment for Fresh Verification

ITAT Deletes TP Royalty Adjustment, Orders Fresh Review of Commission Benchmarking

HC Rules Income Tax Reopening Illegal Without Fresh Tangible Material and Based on Mere Opinion Change

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