Opportunity or adequate opportunity —- the unsolved question!!
Section 142/143 assessment scheme says that assessee be given ‘opportunity’ for the purpose of assessment. The word ‘adequate’ is missing. …
......Read MoreSection 142/143 assessment scheme says that assessee be given ‘opportunity’ for the purpose of assessment. The word ‘adequate’ is missing. …
......Read MoreIn their classic order in (2001) 249ITR554 the Supreme Court upheld the High Court decision quashing/setting it aside the ex…
......Read MoreThere is a provision in section 244A(2) by which a taxpayer is deprived of interest on refund for any noticeable…
......Read MoreThe Delhi High Court ruling in (2022) 443ITR441 emphasised the importance of rule 28AA and denounced action of the AO…
......Read MoreThe High Court in [2022] 19 ITR-OL 707 (Cal) held that the rule of consistency requires to be interpreted on facts bearing in…
......Read MoreCSR expenses debited in profit and loss account are considered as non business expense under the law hence disallowed in…
......Read MoreUpdated jurisdictional details as well personal details in the Income-tax Web Portal are vital for the communication of notice, summons,…
......Read MoreA taxpayer has a right to appeal an order that is prejudicial to him. Alternatively he can make application to…
......Read MoreTo disbelieve the sales, either the assessee should have insufficient stocks in its possession or there must be defects in…
......Read MoreVide [2022] 19 ITR-OL 606 (Mad) a slight irregularity in the proceedings carried out by the AO can provide a cause of…
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