Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act on mere change of opinion is not ...

ITAT Delhi held that adhoc addition purely based on the guess-work and surmises is untenable in law. Accordingly, order set aside and assessment restored back to the file of AO for fresh assessment.

ITAT Delhi held that mere change of opinion would not confer jurisdiction upon the Assessing Officer to reopen proceedings without anything further. Thus, reopening of assessment under section 147 of ...

ITAT Delhi held that the issuance of notice u/s. 148 based on cryptic reasons combined with a mechanical approval of the Pr.CIT u/s. 151 of the Income Tax Act do not pass the test of judicial scrutiny ...

ITAT Delhi held that the law is very well settled that there cannot be any levy of penalty on an estimated addition on ad hoc disallowances of expenses. Accordingly, penalty proceedings initiated ...

CESTAT Kolkata held that valid specific license required for import of old and used worn clothing articles. Accordingly, redemption fine @10% and penalty @5% imposed for failure to comply with ...