Tag:
Reassessment
Direct Tax
Reassessment for Excess S. 80HHC Deduction Claim Upheld: Madras High CourtÂ
The Madras High Court has upheld the validity of reassessment proceedings initiated by the Income Tax Department against a textile exporter, ruling that reopening...
Indirect Taxes
Reassessment Can’t Be Sought Years After Clearance: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai has dismissed an appeal which had sought reassessment of 56 Bills of Entry filed...
Direct Tax
Income Tax Reassessment | Karnataka High Court Quashes S. 148A Notice Prescribing 6 Days To Show Cause
BackgroundConclusionFAQsUnder which provision income tax reassessment can be initiated?What is the limitation for replying to income tax reassessment notice?Case DetailsThe Karnataka High Court has...
Direct Tax
Reassessment Notice Issued By JAO Is Invalid: Bombay High Court
The Bombay High Court ruled that reassessment notice issued by JAO is invalid.The bench said that it is now well settled that for a...