Failure 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.…
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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
service 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…
......Read MoreNon application of mind
An order passed without considering the reply to the show cause and draft assessment order filed by the taxpayer is…
......Read MoreNo GTI No MAT
The Tribunal in [2022] 98 ITR (Trib) 235 (ITAT[Kolk]) held that the provisions of section 115JB are not applicable when…
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