Our Incredible paper books could unsettle settlements
The group of assessee’s with as many as 1500 search cases assessments managed settlement in their cases after a high…
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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
Miserable on income tax lawmakers
In a most dreadful situation the Supreme Court in [2022] 447 ITR 766 (SC) were cornered with a question whether the Tribunal…
......Read MoreAddition rule u/s 68 for sundry creditors
In the context of AO’s possible act to make addition for unverifiable sundry creditors the tribunal in (2022] 29 ITR…
......Read MoreRule for verification of unexplained deposits – assessee cannot be kept in dark
In the matter of examination of cash deposits the tribunal in [2022] 98 ITR (Trib) 499 (ITAT[Amrit] held that the assessee cannot…
......Read MorePower to reopen
The taxpayers shall be reminded of the fact the power to reopen is a very powerful tool and the same…
......Read MorePublicise High-pitched assessment instructions
The Allahabad High Court in [2022] 447 ITR 585 (All) has been outright in stating that the Board instructions dated April 23, 2022…
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