Issue of notice at email address not in use and one belonging to old CA
By the decision from the Allahabad High Court in (2024] 471 ITR 68 (All) a taxpayer may seek quashing of…
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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
Cut and paste reopening
The AO cannot merely do a cut and paste job and go by previous case history for reopening the assessment…
......Read MoreNOTICE SOLELY ON AUDIT OBJECTION WITHOUT INDEPENDENT APPLICATION OF MIND
Reopening a closed assessment is a serious business and therefore ought to meet all the tests of reopening. The Supreme…
......Read MoreIncome computation based on 26AS entries
26AS provide details of tax deducted or collected at source for the information of the taxpayer. In preparing return of…
......Read MoreAO bound to supply/adduce ‘reasons to believe’ to initiate reassessment under the new scheme too, confirms Madras High Court
On the sole subject of assumption of jurisdiction for reassessment the Madras High Court decision in IDFC Bank case [2023]…
......Read MoreGoof-Up by CPC got to have fair recompense
It so happened that in (2023) 108ITR (Trib) 94 (Jodhpur bench) the Assessee having filed a return within due date…
......Read MoreSignificance of DIN
Circulars of the Board bind the Income-tax Officer as well as those holding Administrative authority such as Commissioner, PrCIT/DIT etc.…
......Read MoreIllegal form of notice
Merely stating in show cause notice u/s148A(b) that there are fictitious or bogus transactions relying on some suspicious transaction report…
......Read MoreTravel back in time theory challenge
Covid arrived in the first quarter of 2020 in India and remained even beyond march 2021. To make up for…
......Read MoreS.148A do not limit duty of AO to verify facts
The Bombay High Court in [2023] 458 ITR 486 (Bom) declined to admit the writ stating that the matter involved…
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