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Bombay High Court Quashes Reopening Notice Under Section 148 Income Tax Act for Lack of Fresh Material. Assessment Completed Under Section 143(3) Cannot Be Reopened Based on Same Material Already Considered.

The petitioner, Regency Nirman Ltd., a company engaged in real estate development, filed its return of income for the assessment year 2013-14 on 29th ...

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High Court of Karnataka Allows Wealth Tax Appeals on Limitation Grounds — Assessment Orders Barred by Section 17-A of Wealth-Tax Act, 1957. Reassessment for Assessment Years 1979-80 to 1983-84 Initiated After Expiry of Limitation Period, Hence Unsustainable.

The appellant, Smt. Kamakshi Devi Avaru, filed appeals under Section 27-A of the Wealth-Tax Act, 1957 against the order of the Income Tax Appellate Tr...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Lack of Proof of Income. Claimants failed to establish deceased's income as a Chartered Accountant, leading to reassessment of compensation under Motor Vehicles Act, 1988.

The case involves a first appeal filed by New India Assurance Co. Ltd. against the judgment and award of the Motor Accident Claims Tribunal, Nanded, i...

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Bombay High Court Allows Writ Petition Challenging Retail Outlet Dealership Selection for Arbitrary Marking. Court directs reassessment of marks for 'Liquid cash' criterion and fresh selection process.

The petitioner, Shri Pundalik Tukaram Chowgule, filed a writ petition before the Bombay High Court at Goa challenging the selection process for a Reta...

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Bombay High Court Quashes Reassessment Notice for Lack of Reasonable Belief of Income Escaping Assessment — Section 148 Notice Based on Change of Opinion Invalid. Reopening Beyond Four Years Requires Failure to Disclose Material Facts, Which Was Not Established.

The petitioner, Fiat India Automobiles Limited, challenged a notice dated 30 March 2012 issued by the Assistant Commissioner of Income Tax under Secti...

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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Lack of Income Proof. Claimants failed to establish deceased's income from business, leading to reassessment of compensation under Motor Vehicles Act, 1988.

The case arises from a motor vehicle accident that occurred on 4 October 2002 involving a scooter bearing registration number MH 27/E316 and a truck b...

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Bombay High Court Quashes Reopening of Assessment in Income Tax Case — Change of Opinion Not Permissible Beyond Four Years. Reassessment Notice Under Section 148 of Income Tax Act, 1961 Set Aside as No Failure to Disclose Material Facts Was Alleged.

The petitioner, Shriram Foundry Ltd., challenged a notice dated 10 February 2011 issued under Section 148 of the Income Tax Act, 1961, seeking to reop...

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Bombay High Court Quashes Reopening Notice Under Section 148 of Income Tax Act for Lack of Fresh Material — Full Disclosure of Waiver of Interest in Original Assessment Precludes Reassessment After Four Years.

The Petitioner, Lok Housing and Construction Limited, challenged a notice dated 29 March 2011 issued under Section 148 of the Income Tax Act, 1961, se...