The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a reassessment holding that the reopening of assessment under Section 147 of the Income Tax Act cannot be sustained when it is based merely on information from the Investigation Wing without independent verification by the Assessing Officer. The bench of Vimal Kumar (Judicial Member) and…
HomeDirect TaxReassessment Based Solely on Investigation Wing Report Without Independent Application of Mind...
Reassessment Based Solely on Investigation Wing Report Without Independent Application of Mind Is Invalid: ITAT
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
Columns
MP Raises Concern in Parliament of India Over Prepaid Mobile Recharge Rules; Seeks Year-Long Incoming Facility
A Member of Parliament has raised concerns in the Parliament of India regarding issues...
GST
Rs. 450 Cr Profiteering By Tata Play For Charging Same Subscription Fee Pre-Post-GST: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT) has confirmed that Tata Play Limited...
GST
ITC Transfer After Amalgamation Allowed Despite Different State Registrations: Gujarat HC
The Gujarat High Court has ruled that input tax credit (ITC) cannot be denied...
Direct Tax
Unexplained Cash Deposits: ITAT Upholds Addition After Assessee Fails to Prove Source
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has upheld an addition of Rs....
More like this
Columns
MP Raises Concern in Parliament of India Over Prepaid Mobile Recharge Rules; Seeks Year-Long Incoming Facility
A Member of Parliament has raised concerns in the Parliament of India regarding issues...
GST
Rs. 450 Cr Profiteering By Tata Play For Charging Same Subscription Fee Pre-Post-GST: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT) has confirmed that Tata Play Limited...
GST
ITC Transfer After Amalgamation Allowed Despite Different State Registrations: Gujarat HC
The Gujarat High Court has ruled that input tax credit (ITC) cannot be denied...

