The Bombay High Court has quashed a reassessment notice and subsequent assessment order issued by the Income Tax Department to a company that had already been converted into an LLP years earlier. A Division Bench of Justices B. P. Colabawalla and Amit S. Jamsandekar held that the notice issued under Section 148 for Assessment Year…
Bombay High Court Quashes Income Tax Reassessment Against A Company Converted Into LLP
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
Latest articles
Direct Tax
Parallel Proceedings U/S 143(3) and 147 Impermissible: ITAT Quashes Reassessment Against Lalit Kumar ModiÂ
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings...
Notification
Credit Support Framework for MSME E-commerce Exporters Notified: DGFT
The Directorate General of Foreign Trade (DGFT) issued a trade notice outlining eligibility criteria...
GST
GST Electronic Credit Ledger Blocking Cannot Continue Beyond 1 Year: Karnataka High CourtÂ
The Karnataka High Court has held that the blocking of a taxpayer’s Electronic Credit...
GST
Depreciation on Unavailed ITC Does Not Bar Credit U/s 16(3): Kerala High Court
The Kerala High Court has ruled that banking companies opting for the 50% Input...
More like this
Direct Tax
Parallel Proceedings U/S 143(3) and 147 Impermissible: ITAT Quashes Reassessment Against Lalit Kumar ModiÂ
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings...
Notification
Credit Support Framework for MSME E-commerce Exporters Notified: DGFT
The Directorate General of Foreign Trade (DGFT) issued a trade notice outlining eligibility criteria...
GST
GST Electronic Credit Ledger Blocking Cannot Continue Beyond 1 Year: Karnataka High CourtÂ
The Karnataka High Court has held that the blocking of a taxpayer’s Electronic Credit...

