Business shutdown
Any person discontinuing any business or profession is expected to give to the AO notice of such discontinuance within fifteen…
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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
Finding of fact
It is well-settled in law, that the High Court in exercise of powers under section 260A of the Act would…
......Read MoreWhen the power of remand can be exercised?
In a penny stock companies case [2021] 17 ITR-OL 86 (Mad)both the AO and CIT (A) are found to have…
......Read MoreAdditional ground- legal contentions
Vide [2020] 21 ITR (Trib)-OL 1 the Delhi ITAT held that where an issue raised by the assessee is purely…
......Read MoreOn Jurisdiction and powers of Tribunal
The jurisdiction of the Tribunal in issuing certain directions while remanding the matter to the Assessing Officer are held as…
......Read MoreNew claim new possibilities
The Madras High Court in 16ITR-OL 1 held that appellate authorities like CIT (A) and ITAT are bound under the…
......Read MoreRule 27 liberty-Right of the respondent in an appeal
According to rule 27 of ITAT Rules, the respondent in appeal before the Tribunal even without filing an appeal could…
......Read MoreMove appeal in case of over-assessment
Where the assessee inadvertently or mistakenly offers an amount to tax it can go for an appeal following SC in…
......Read MorePrima facie principle on approach by a fact finding authority
The following observations of the Supreme Court in the case of Omar Salay Mohamed Sait v. CIT [1959] 37 ITR…
......Read MoreCardinal principle on additional question
The Supreme Court in their decision in National Thermal Power Co. Ltd. v. CIT 229 ITR 383 held that while…
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