Principles of Natural Justice
1.Principle of Res Judicata It is generally practiced that each assessment year is unit in itself and thus not…
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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
Ground 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…
......Read MoreReopening – Courts cannot go into the sufficiency or correctness of the material relied by an AO
The P & H High Court in the case of Bal Ram Jakhar v. CIT (250ITR393) held that one of…
......Read MorePowers & Duty of AO
The Income-tax Officer is not fettered by technical rules of evidence and pleadings, and that he is entitled to act…
......Read MoreReopening of assessment – Foundation for issue of notice
The assessing officer is given a specific power under the Act to assess income that has escaped assessment in the…
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