Unsigned 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…
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Today's
All transactions in shares of penny stock company are not sham transactions ......Read More
Yesterday's Technical objections have no place in appeal proceedings ......Read More
Yesterday's Technical objections have no place in appeal proceedings ......Read More
AO 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.…
......Read MoreFailure to comply with the direction of the tribunal lead to annulling assessment
Here is a landmark ruling from a landmark judge DR. MS. ANITA SUMANTH J. of the Madras High Court in KALAIGNAR TV PVT.…
......Read Moreservice of draft assessment order and final show cause notice
The Madras High court in (2022] 449 ITR 351 (Mad) held that the requirement of show-cause notice/draft assessment order is mandatory…
......Read MoreRetain print outs of e-proceedings response acknowledgment as a safeguard
In the faceless mechanism it is always advisable to keep print-out of e-proceedings response acknowledgment from the Department against any…
......Read MoreDHC declined to admit Challenge to s. 148A(d) order but left a remedy to approach Statutory forums
In [2022] 20 ITR-OL 406 (Del) the Court declined to entertain the petition challenging 148A(d) order on the ground that no assessment…
......Read MoreAddition rule u/s 68 for sundry creditors
In the context of AO’s possible act to make addition for unverifiable sundry creditors the tribunal in (2022] 29 ITR…
......Read MorePower to reopen
The taxpayers shall be reminded of the fact the power to reopen is a very powerful tool and the same…
......Read MorePublicise High-pitched assessment instructions
The Allahabad High Court in [2022] 447 ITR 585 (All) has been outright in stating that the Board instructions dated April 23, 2022…
......Read MoreFaceless Reassessment – Failure to follow assessment procedure may lead to total quash
A final order passed without prior show-cause notice as well as draft assessment order causes violation of the principles of…
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