principle 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…
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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
Limitations 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 MoreDelay in approaching High Court
Tax matters that crop up for complete lack of jurisdiction are better fought before jurisdictional Courts as even delay in…
......Read MoreFailure to challenge even one particular ITAT order can prove detrimental to revenue in their appeals before Courts
The High Court in [2020] 429 ITR 570 (Kar) has been very emphatic in stating that it is not open…
......Read MoreAdditional evidence in prejudice situation qua taxpayer
In the tax case report (2021] 91 ITR (Trib) 597 (ITAT[Jai]) the AO issued show-cause notice dated December 24, 2010,…
......Read Morestatutorily appeal is not the best course is all situations
The Madras High Court in [2021] 438 ITR 474 (Mad) advised taxpayer to plead the ground of violation of principles…
......Read MoreAlternate pleas before CIT(A) untenable
By the High Court in [2021] 438 ITR 227 (Ker) it is held that without a revised return being filed…
......Read MoreSelf imposed limitation for alternative remedy has no buzz
Recalling words from the age-old historic decision in Calcutta Discount Co. Ltd. the Delhi High Court in [2021] 18 ITR-OL…
......Read MoreCommissioner’s are often ignorant of S.264 powers!!! …..Case of frivolous litigation prompted by the AO and then pushed further by CIT
Even if the powers of the AO are restricted in the matter of allowance of expenditure in the absence of…
......Read MoreA Daunting ruling of AAR for suppressing of facts – Part 3- travesty of justice
Section 245R (2) require upon AAR to examine the application and the records and only thereafter allow or reject the…
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