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Delhi HC says can t reopen I-T cases below ₹50 lakh after 3 years

Delhi high court rules on limitation period for reopening tax assessments based on concealed income | Latest News India

India generalJustice girish kathpaliaJustice rajiv shakdherDelhi high court onDelhi high courtRepresentative imageIncome tax actCertain provisionsHindustan timeReopening income tax assessmentsConcealed income

10-yr period for income tax review applies to income over Rs 50 lakh: Delhi high court

The Delhi high court had to decide the validity of the notices issued to petitioners under section 148, keeping in view the ‘period of limitation (time within which notices for re-opening of cases can be issued). The court was responding to a bunch of petitions for FY16 and FY17.

Deepak joshiSupreme courtAshish agarwalCentral boardCertain provisionsFinance billIncome taxIncome tax reviewDelhi high court

Delhi High Court Clarifies Limit For I-T Assessment Notices: Upholds ₹50 Lakh Threshold For 10-Year Review

Delhi High Court Clarifies Limit For I-T Assessment Notices: Upholds ₹50 Lakh Threshold For 10-Year Review
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Deepak joshiAshish agarwalIncome tax departmentDelhi high courtSupreme courtIt actIit calendarCentral boardDirect taxesCertain provisionsFinance ministerFinance billIncome tax

Ten-year re-opening period for I-T assessments to apply only if escaped income above Rs 50 lakh: Delhi high court

The Delhi High Court has ruled that the extended period of ten years for re-opening income tax assessments should only apply in cases involving seriou

Deepak joshiAshish agarwalSupreme courtCentral boardDirect taxesCertain provisionsFinance ministerFinance billTax evasionSerious tax evasionIncome tax assessmentsEscaped incomeDelhi high court

Concealment Of Income Above Rs 50 Lakhs, Extended Period Of Limitation Would Apply: Delhi High Court

The Delhi High Court has held that an extended period of 10 years would apply in serious tax evasion cases where there was evidence of concealment of income above Rs. 50 lakhs.The bench of Justice.

Justice rajiv shakdherSatyen sethiJustice girish kathpaliaAshish agarwalDelhi high courtUnion of indiaSupreme courtIncome tax actCentral boardDirect taxesCertain provisionsFinance ministerPrincipal chief commissionerIncome taxFor petitioner