1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

AO cannot ignore Adjournment request @ Income Tax Portal

ByCA Gopal Nathani

Jan 28, 2022

In [2022] 440 ITR 607 (Mad)

an order of assessment was passed without taking note of the request of the assessee for adjournment. Neither did the AO rejected request of adjournment nor did he intimate the assessee and conveniently closed the assessment window @Income tax Portal.

The High Court also conveniently called it a case of violation of principles of natural justice and directed the AO to open the assessment window and to facilitate the assessee to receive objections and provide hearing opportunity to the assessee.