Reopening – 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…
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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
Powers & 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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In Bhubneshwar Stock Exchange v. Union of India (2004) 137TAX 318 the demand in dispute related to issues that had…
......Read MoreOrder u/s 210(3) – Requiring payment of advance tax
In Punjab Tractors Ltd. v. Asstt. CIT (2004) 137TAX211 the assessing officer demanded advance tax on the basis regularly assessed…
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