No penalty till decision in appeal, is an absolute law
Section 41 of Black Money (undisclosed foreign income and assets) act, 2015 empowers AO to levy penalty three times of…
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Today's
No penalty till decision in appeal, is an absolute law ......Read More
Yesterday's No fetters on AO in dealing with stay applications ......Read More
Yesterday's No fetters on AO in dealing with stay applications ......Read More
No fetters on AO in dealing with stay applications
From time to time CBDT issue departmental instructions, administrative circulars or memorandum for guidance of its officers in the matter…
......Read MoreAO not bound by departmental instruction for 20% payment as a precondition for grant of stay pending appeal
From time to time CBDT issue departmental instructions, administrative circulars or memorandum for guidance of its officers in the matter…
......Read MoreAO bound to supply/adduce ‘reasons to believe’ to initiate reassessment under the new scheme too, confirms Madras High Court
On the sole subject of assumption of jurisdiction for reassessment the Madras High Court decision in IDFC Bank case [2023]…
......Read MoreGOLAK DONATIONS
Charity is imbibed in every kind of religious faith so did the bench of the Tribunal in (2016] 47 ITR…
......Read MoreJudicial decision acts retrospectively
The rectification case report at (2023] 459 ITR 36 (Cal) showcase an interesting situation wherein the non resident assessee mistakenly…
......Read MoreGoof-Up by CPC got to have fair recompense
It so happened that in (2023) 108ITR (Trib) 94 (Jodhpur bench) the Assessee having filed a return within due date…
......Read MoreSignificance of DIN
Circulars of the Board bind the Income-tax Officer as well as those holding Administrative authority such as Commissioner, PrCIT/DIT etc.…
......Read MoreIllegal form of notice
Merely stating in show cause notice u/s148A(b) that there are fictitious or bogus transactions relying on some suspicious transaction report…
......Read MoreTravel back in time theory challenge
Covid arrived in the first quarter of 2020 in India and remained even beyond march 2021. To make up for…
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