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

No writ remedy for error of fact

ByCA Gopal Nathani

Apr 21, 2023

Before the High Court in (2023] 453 ITR 150 (P&H) the petitioner challenged the order u/s148A (d) stating that the stand of the petitioner has not been taken into consideration resulting in miscarriage of justice.

In dismissing the writ petition the Court held that error of fact is to be explored in appeal or rectification before the statutory authority.