Reassessment Cannot Travel Beyond Reasons Recorded Under Section 148A(b); Change of Stand Without Fresh Material Is Invalid – ATS Infrastructure Ltd. vs ACIT (Delhi High Court)

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27/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 323
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Facts of the CaseThe petitioner, ATS Infrastructure Limited, challenged reassessment proceedings initiated under Section 148 of the Income-tax Act, 1961 for Assessment Years 2014-15, 2015-16 and 2016-17. The reassessm...

Reassessment Reopened by Corrigendum Without Fresh Tangible Material Is Unsustainable; Change of Opinion Impermissible – Aarti Fabricott Private Limited vs Income Tax Officer (Delhi High Court)

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My Tax Expert
27/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 351
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Facts of the CaseThe petitioner, Aarti Fabricott Private Limited, is a company registered with the Registrar of Companies and a regular income-tax assessee. For Assessment Year 2017–18, it filed its return of income ...

ACIT, Central Circle, Varanasi vs. Shri Vinod Kumar Jalan, Gorakhpur — ITAT Dismisses Revenue Appeal on Low Tax Effect under Section 268A in View of CBDT Circular

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My Tax Expert
26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 365
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Facts of the CaseThe Assistant Commissioner of Income Tax, Central Circle, Varanasi, filed an appeal before the Income Tax Appellate Tribunal against the order passed in favour of the assessee, Shri Vinod Kumar Jalan, ...

DCIT, Range-I, Gorakhpur vs. Sri Manish Kumar Baranwal, Gorakhpur — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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My Tax Expert
26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 305
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Facts of the CaseThe Revenue, through the Deputy Commissioner of Income Tax, Range-I, Gorakhpur, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench against the order passed in favour of the assess...

Dy. CIT, Range-1, Gorakhpur vs. M/s Buddha Hospital Pvt. Ltd., Gorakhpur — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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My Tax Expert
26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 343
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Facts of the CaseThe Revenue, through the Deputy Commissioner of Income Tax, Range-1, Gorakhpur, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench against the order passed in favour of the assess...

Dy. CIT, Range-II, Gorakhpur vs. Shri Manoj Kumar Agarwal, Kushinagar — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 313
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Facts of the CaseThe Revenue, through the Deputy Commissioner of Income Tax, Range-II, Gorakhpur, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench against the order passed in favour of the asses...

ITO, Sonebhadra vs. M/s Suman Engineering Works, Sonebhadra — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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My Tax Expert
26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 337
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Facts of the CaseThe Revenue, through the Income Tax Officer, Sonebhadra, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench challenging the order passed in favour of the assessee, M/s Suman Engin...

ITO, Ward-(2), Gorakhpur vs. Tej Pratap Singh, Gorakhpur — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 332
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Facts of the CaseThe Revenue, through the Income Tax Officer, Ward-(2), Gorakhpur, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench against the order passed in favour of the assessee, Tej Pratap...

ACIT, Varanasi vs. Shri Lalit Kumar Baranwal (M/s Pee Woolen Mills), Bhadohi — ITAT Dismisses Revenue Appeal Due to Low Tax Effect under CBDT Circular (Section 268A, Income-tax Act)

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My Tax Expert
26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 318
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Facts of the CaseThe Revenue (ACIT, Varanasi) filed an appeal before the Income Tax Appellate Tribunal against the order passed in favour of the assessee, Shri Lalit Kumar Baranwal, proprietor of M/s Pee Woolen Mills, ...

ITO, Ward-II(1), Gorakhpur vs. M/s Swastik Associates, Gorakhpur — ITAT Varanasi Dismisses Revenue Appeal on Low Tax Effect under Section 268A (CBDT Monetary Limit Circular)

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26/02/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 283
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Facts of the CaseThe Revenue, through the Income Tax Officer, Ward-II(1), Gorakhpur, filed an appeal before the Income Tax Appellate Tribunal, Varanasi Bench against the order passed in favour of the assessee, M/s Swas...