Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeDirect TaxReassessment Invalid Where Income Reopened U/s 68 but Ultimately Taxed as Anonymous...

Reassessment Invalid Where Income Reopened U/s 68 but Ultimately Taxed as Anonymous Donations U/s 115BBC: ITAT

Direct Tax

Published on

By Mariya Paliwala
Reassessment Invalid Where Income Reopened U/s 68 but Ultimately Taxed as Anonymous Donations U/s 115BBC: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The ITAT Pune held that Sections 68 and 115BBC operate in distinct and mutually exclusive fields, and a reassessment founded on one provision cannot be legally concluded under another. Since the final addition was not made on the ground forming the “reason to believe” for reopening, the assumption of jurisdiction under Section 147 was held…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
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

Live Cricket Broadcast Fees Not Royalty; ₹6.26 Crore IPL Player Release Fees Also Get Tax Relief: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi, has held that Rs. 244.78 crore received...
Direct Tax

‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore...
Direct Tax

2 Flats Merged Into 1 Home Qualify For Capital Gains Exemption: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has upheld capital gains exemptions totalling ₹28.45...
Indirect Taxes

Dealer Incentives Can’t Be Taxed Merely on Ledger Entries: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has set aside a...

More like this

Direct Tax

Live Cricket Broadcast Fees Not Royalty; ₹6.26 Crore IPL Player Release Fees Also Get Tax Relief: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi, has held that Rs. 244.78 crore received...
Direct Tax

‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore...
Direct Tax

2 Flats Merged Into 1 Home Qualify For Capital Gains Exemption: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has upheld capital gains exemptions totalling ₹28.45...