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. …
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Opportunity or adequate opportunity —- the unsolved question!! ......Read More
Yesterday's Gross breach of natural justice ......Read More
Yesterday's Gross breach of natural justice ......Read More
Gross breach of natural justice
In their classic order in (2001) 249ITR554 the Supreme Court upheld the High Court decision quashing/setting it aside the ex…
......Read MoreTDS mismatch could mean loss of interest
There is a provision in section 244A(2) by which a taxpayer is deprived of interest on refund for any noticeable…
......Read Morerule 28AA is a bible to lower rate applications
The Delhi High Court ruling in (2022) 443ITR441 emphasised the importance of rule 28AA and denounced action of the AO…
......Read Moreprinciple of res judicata to the advantage of taxpayer
The 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 qua donations
CSR expenses debited in profit and loss account are considered as non business expense under the law hence disallowed in…
......Read MoreUpdate personal details at income tax portal as well as in permanent PAN database
Updated jurisdictional details as well personal details in the Income-tax Web Portal are vital for the communication of notice, summons,…
......Read MoreLimitations of making application u/s 264
A taxpayer has a right to appeal an order that is prejudicial to him. Alternatively he can make application to…
......Read MoreNewspaper clippings as evidence of panic buying during demonetisation
To disbelieve the sales, either the assessee should have insufficient stocks in its possession or there must be defects in…
......Read MoreSlight irregularities could mar reassessment
Vide [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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