New procedure
The High Court upon their reference to Apex Court decision in Union of India v. Ashish Agarwal [2022] 444 ITR…
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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
Urgent need for issue of an instruction by CBDT for blanket stay in section 263 bound assessments
Section 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MorePRINCIPLE OF CONSISTENCY MUST BE FOLLOWED and APPLIED
Assessments are governed by certain rules. Rule of consistency is one such rule. The Delhi High Court in [2023] 452…
......Read MoreEstimation of income is a prerequisite for 148A process
The Cuttack bench of the Tribunal in [2023] 102 ITR (Trib) 701 (ITAT[Ctk]) held that as the reasons recorded does…
......Read MoreCPC at default
By the Delhi Tribunal pathbreaking decision in (2023] 102 ITR (Trib) 399 (ITAT[Del]) the taxpayer is required to be put…
......Read MoreAssess notice for missing-out jurisdiction , incorrect address
Notice received from X ward instead of Y ward can ruin the assessment order sometimes. In (2023] 102 ITR (Trib)…
......Read MoreIdea of faceless assessment
The idea of bringing faceless assessment is to increase ease of doing business. In upholding the constitutional validity of section…
......Read MorePersonal hearing is a default choice to taxpayer
In the case report @ (2023] 451 ITR 447 (Mad) the revenue is led by the argument that personal hearing may…
......Read MoreUnsigned notices are invalid under the law
A notice issued under section 148 having no signature of the AO affixed on it, digitally or manually, would be…
......Read MoreAO is not permitted to initiate rectification and reassessment simultaneously
Vide [2023] 450 ITR 1 (SC) the AO cannot choose to have parellel actions u/s154 nd 147 on the same dispute.…
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