Levy of Interest u/s 234A,B & C
In an exparte ruling in the case of CIT v. R. Rammalingair (108TAX1) the Kerala High Court held that levy…
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Today's
54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's Club expenditure ......Read More
Yesterday's Club expenditure ......Read More
Onus discharge
The DHC in 350ITR407 held that it was not open to the assessee to direct the Assessing Officer to go…
......Read MoreSuccession of business
Before the Madras High court in CIT v. National Textile Corpn. Ltd. (109TAX300) there was a statutory transfer of a…
......Read MorePrinciples of Natural Justice
1.Principle of Res Judicata It is generally practiced that each assessment year is unit in itself and thus not…
......Read MoreGround for reopening cases
More than one Court in the case of CWT v. C. Seshachalam Chetty (108TAX570) , 101DTR244,209, 393ITR658 have held that…
......Read MoreIssue of Summons/notice without application of mind
In explaining the significance of powers enshrined u/s 131(1) of the Income-tax Act the Bombay High Court in the case…
......Read MoreAlternative Pleas/Grounds
Often assesses are found to have been making alternative pleas in the course of assessment proceedings or even before the…
......Read MoreRectification of Mistake- Scope
The J & K High Court in the case of Commissioner of Income-tax Vs. Agya Wanti (2001) 248ITR641 held that…
......Read MoreReopening Notice- Best Strategy
The Kerala High Court in dismissing a petition against issue of notice u/s 148 in the case of G Suresh…
......Read MoreStrong Need to Bring Legislation to Observe Uniformity and Consistency in Revenue Proceedings
Today it takes almost 4-5 years for any disposal of an appeal before Tribunal and in the case of High…
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