Grand 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…
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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
independent 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…
......Read MoreTax Terrorism
Even before the closing time limit of filing the reply in response to notice , the assessment orders were passed…
......Read MoreJurisdiction basis
Under the law the AO would get jurisdiction over the return of income filed by the assessee only upon service…
......Read MoreTaxpayer’s Stand Caution
Courts may be helpless if the assessee does not update his account on the tax portal for email address and…
......Read MoreDuty of AO in the conduct of reassessment
In the matters of reopening the AO is duty bound to provide copy of the satisfaction note and order of the…
......Read MoreAffidavits may provide shelter in certain situations during assessments
Sometimes an affidavit sworn on oath could serve as good and proper material when bills or proofs in support of…
......Read MoreNotice without sharing material available with AO is liable to be quashed
Citing SC decision in Ashish Agarwal case the High Court in (2023] 454 ITR 326 (Bom) emphasised that it goes without…
......Read MoreNo double taxation no double recovery
In the matters of TDS deduction there is always a grey area for the payer whether to deduct or not…
......Read Morecaveat/precondition to 148/148A
Dr. Anita Sumanth J in her ruling in [2023] 450 ITR 568 (Mad) while dealing with the contextual relevance of the…
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