ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147:
ITAT quashes Section 147 reassessment for A.Y. 2015-16, holding the April 2021 reopening notice legally unsustainable under the Supreme Court’s earlier ruling.
ITAT Quashes Reassessment for A.Y. 2015-16
Vanshika verma
Aug 14, 2026
Premium
ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147
ITAT quashes Section 147 reassessment for A.Y. 2015-16, holding the April 2021 reopening notice legally unsustainable under the Supreme Court’s earlier ruling.
Also Read
ITAT Remits Cash Deposit Additions for Fresh Adjudication Subject to Rs.3 Lakh CostMedical Stipend Not Salary: ITAT Rules Rs 18.34 Lakh PG Medical Stipend Exempt From Income Tax under Section 10(16) ITAT Quashes Section 271D Penalty as Barred by LimitationFrom September 30 to October 31? Tax Bar Seeks More Time for Tax Audit Reports
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
1925My Recent Articles
- CBI Arrests Four, Including Two Senior Officers of RDSO Lucknow, in Bribery Case
- From September 30 to October 31? Tax Bar Seeks More Time for Tax Audit Reports
- ICSI Urges MCA to Formally Recognise ‘Deemed Government Companies’ Under Companies Act, 2013
- ICSI Urges MCA to Introduce Time-Bound Refunds for Company, LLP Incorporation Fees After Rejected Applications
- Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 NoticesPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts