S.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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Today's
Right to reason HP Court pointer to flaw in section 148A ......Read More
Yesterday's Wrong reopening ......Read More
Yesterday's Wrong reopening ......Read More
classic case of DRP failure
The Delhi bench of ITAT in 107ITR( Trib) (SN) 93 encountered non-resident’s case reopening on irrelevant considerations. In the reasons…
......Read MoreTaxpayer need to preserve income tax papers/income statements /bank statements/pay slips etc. for 3 more assessment years
In [2023] 458 ITR 437 (SC) the dispute was whether the taxpayers are required to preserve records beyond 6 years.…
......Read MoreJAO is held incompetent to proceed with assessment/reassessment of cases under his permanent jurisdiction
In a new development the Telangana High Court set aside the notices issued u/s 148/148A and consequent orders passed by…
......Read MoreMandate of s 68
Section 68 provisions is most common to every income tax assessment where the AO could seek confirmation and explanation on…
......Read MoreRevised return capping – a statutory handicap
The income tax return once filed can be revised for any missing claims or deductions no later than three months…
......Read MoreDuty of taxpayer
The Kerala High Court in Koduvayur Constructions v. Assistant Commissioner-Works Contract [WP(C) No. 21212 of 2023] dated 7 August 2023…
......Read MoreReassessment of reassessment
In [2023] 456 ITR 709 (Del) the reasons to believe were provided to the taxpayer after a gap of one and…
......Read MoreGrand onus upon AO in 68/69 series sections
In (2023] 105 ITR (Trib) 610 (ITAT[Amrit]) the assessee claimed to have received excess sale consideration on sale of agricultural…
......Read Moreindependent inquiry and independent mind application
In the previous system of reopening action the AO initiation solely on the basis of some information received from fellow officer…
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