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

When to challenge

ByCA Gopal Nathani

Aug 11, 2022

Taxpayer has a right to ask for a speaking order. Further a Challenge to a non speaking order on objections lies in the High Court only and once such right is foregone the only remedy therefore would be to fight the case on merits in appeal course.

In [2022] 20 ITR-OL 100 (Mad) the taxpayer challenged the reassessment order without having exercised his right to challenge the order disposing objections citing non speaking order and in the subsequent also participated in reassessment proceedings thus forfeiting a right to challenge.