Stay-High pitched assessment case
A typographical error in mention of exemption section lead to a high pitched assessment in [2023] 451 ITR 77 (Bom). As…
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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
In a scenario of mechanical approval
By the provisions of section 153A /153D approval is to be obtained by the Assessing Officer on the draft assessment…
......Read MoreNo writ remedy for error of fact
Before the High Court in (2023] 453 ITR 150 (P&H) the petitioner challenged the order u/s148A (d) stating that the stand…
......Read MoreNew procedure
The High Court upon their reference to Apex Court decision in Union of India v. Ashish Agarwal [2022] 444 ITR…
......Read MoreUrgent 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…
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