Author: Anil R Tikotekar
*******Reassessment Quashed: AO Lacked Jurisdiction Under Faceless Regime Section 151A
Clipped from: https://taxguru.in/income-tax/reassessment-quashedao-lacked-jurisdiction-faceless-regime-section-151a.html Vanitha Govindappa Vs ITO (Karnataka High Court) Karnataka HC quashes reassessment for AY 2020-21 as AO acted beyond scope of Section 151A; Revenue
*******Insurance Company Reassessment Quashed: Notices Invalid for Section 151A Breach
Clipped from: https://taxguru.in/corporate-law/insurance-company-reassessment-quashed-notices-invalid-section-151a-breach.html PNB MetLife India Insurance Company Limited Vs ACIT (Karnataka High Court) Karnataka HC quashes reassessment notices issued to PNB MetLife – follows Ramachandra
*******Reassessment Quashed: Karnataka HC Rules AO Exceeded Jurisdiction Under Section 151A
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-karnataka-hc-rules-ao-exceeded-jurisdiction-section-151a.html Muyeen Pasha Vs ITO (Karnataka High Court) Karnataka HC Strikes Down Reassessment for Exceeding Jurisdiction under 151A; Leaves Door Open for Revival if
*******Faceless Reassessment Quashed: Notices Issued Beyond Section 151A Scope
Clipped from: https://taxguru.in/corporate-law/faceless-reassessment-quashednotices-issued-section-151a-scope.html Navnidhi Infrastructure Private Limited Vs DCIT (Karnataka High Court) Karnataka HC quashes reassessment notices issued beyond Section 151A mandate — grants liberty to
*******Precision in Penalty: Why Misreporting Must Be Pinpointed Under Section 270A
Clipped from: https://taxguru.in/income-tax/precision-penalty-misreporting-pinpointed-section-270a.html 1. Introduction Section 270A of the Income Tax Act, 1961, introduced by the Finance Act, 2016, marked a paradigm shift in the penalty
ITAT Delhi Quashes 153C Assessment – One Approval for Two Years Held Invalid
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashes-153c-assessment-one-approval-two-years-held-invalid.html Vivaan Prakash Vs DCIT (ITAT Delhi) Delhi Tribunal quashed the 153C assessment, holding that the approval u/s 153D issued by Addl. CIT, Lucknow,
No Change of Opinion When Issue Never Examined – ITAT Delhi Upholds Reopening
Clipped from: https://taxguru.in/income-tax/change-opinion-issue-examined-itat-delhi-upholds-reopening.html Jain Textile Industries Vs ACIT (ITAT Delhi) Delhi ITAT dismissed Assessee’s appeal, holding that reopening u/s 147 was valid as the issues of