Doctrine of substantive benefit
Application in form 10 is gateway to benefit of exemption under section 11 of the Income-tax Act, 1961. Further such…
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Today's
Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Instance of manifest violation of business of justice
Passing assessment order before the appointed day and time without considering reply filed by the assessee would amount to an…
......Read MoreA Daunting ruling of AAR for suppressing of facts – Part 3- travesty of justice
Section 245R (2) require upon AAR to examine the application and the records and only thereafter allow or reject the…
......Read MoreA Daunting ruling of AAR for suppressing of facts – Part 2
The AAR in their 100+ pages order in [2021] 435 ITR 456 (AAR) held the applications as non-maintainable and further…
......Read MoreA Daunting ruling of AAR for suppressing facts
Even while dismissing the 2012 application by a Mauritius entity as nonmaintainable the Authority for Advance Ruling in[2021] 435 ITR…
......Read MoreDisaster for the assessee
Even when the High Court in [2021] 435 ITR 533 (Mad) formed a view that the invocation of section 148/147…
......Read MoreAO can now take refuge under reconceptualized escapement of income
Even when we are being critical of and debating the subject of the jurisdiction of the AO for procedural changes…
......Read MoreEscapement of income redefined
Even when we are debating on the subject of the jurisdiction of the AO for procedural changes brought by FA…
......Read MoreNo WITHHOLDING OF REFUND without prior hearing
The Delhi High Court in [2021] 18 ITR-OL 1 (Del) in their landmark order issued constructive ease of doing business…
......Read MoreFresh claims before ITAT
The ITAT has powers to entertain fresh claims even when one misses on a claim in the return , reaffirms…
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