As Gujarat High Court orders to extend ITR filing due date for audit cases, here are the key takeaways from case

The Gujarat High Court has directed the Central Board of Direct Taxes to extend the Income Tax return filing deadline for ...
Tax Guru

Reassessment notice u/s. 148 quashed as being barred by limitation

ITAT Kolkata held that issuance of reassessment notice under section 148 of the Income Tax Act expiry of specified period of limitation is time barred and hence invalid and bad-in-law. Accordingly, ...
Tax Guru

ITAT Quashes Reassessment: Revenue’s Appeal Fails Because 148 Notice Invalidity was Unchallenged

The ITAT instantly dismissed the Revenues appeal because it only challenged the merits of additions, not the CIT(A)s core finding that the reassessment notice was time-barred. When the foundation of ...

Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and win case

A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT ...