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 TaxSame Bank Deposits Can’t Be Subjected To Reassessment Twice: Orissa HC

Same Bank Deposits Can’t Be Subjected To Reassessment Twice: Orissa HC

Direct Tax

Published on

By Mariya Paliwala
Orissa High Court

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Orissa High Court has quashed reassessment proceedings initiated by the Deputy Commissioner of Income Tax (DCIT) against a Cuttack-based partnership firm, holding that the same transaction cannot be subjected to reassessment twice under Section 147 of the Income Tax Act, 1961. The bench of Chief Justice Harish Tandon and Justice Murahari Sri Raman has…

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

GST

DGGI Gawahati | GST Bank Account Attachment Automatically Lapses After 1 Year: Gauhati High Court

The Gauhati High Court has held that provisional attachment of bank accounts under Section...
GST

S. 74 GST Can’t Be Invoked to Question CENVAT Credit Availed Under Pre-GST Regime: Punjab & Haryana High Court

The Punjab and Haryana High Court has held that GST authorities cannot invoke Section...
Indirect Taxes

Service Tax Order Passed 8.5 Years After SCN Quashed: Meghalaya High Court

The Meghalaya High Court has quashed a service tax adjudication order against the Assam...
Indirect Taxes

DRI Busts International Gold-Smuggling Syndicate Operated By Chinese National

The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, has busted an international gold-smuggling...

More like this

GST

DGGI Gawahati | GST Bank Account Attachment Automatically Lapses After 1 Year: Gauhati High Court

The Gauhati High Court has held that provisional attachment of bank accounts under Section...
GST

S. 74 GST Can’t Be Invoked to Question CENVAT Credit Availed Under Pre-GST Regime: Punjab & Haryana High Court

The Punjab and Haryana High Court has held that GST authorities cannot invoke Section...
Indirect Taxes

Service Tax Order Passed 8.5 Years After SCN Quashed: Meghalaya High Court

The Meghalaya High Court has quashed a service tax adjudication order against the Assam...