Non application of mind
An order passed without considering the reply to the show cause and draft assessment order filed by the taxpayer is…
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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
No GTI No MAT
The Tribunal in [2022] 98 ITR (Trib) 235 (ITAT[Kolk]) held that the provisions of section 115JB are not applicable when…
......Read MoreNon production of party implications during assessment
Mere non-production of the party during assessment alone cannot be a basis to make disallowance, when all other supporting evidence…
......Read MoreMeeting of objections guidelines
In meeting objections to the reopening the AO is bound by law to pass a reasoned order. The Bombay High…
......Read MoreClosed Inquiry u/s 133(6) whether can prevent upon AO to issue notice u/s 148
Section 133(6) can be issued during the assessment or even otherwise with prior approval of senior authority. Once a query…
......Read MoreNon disclosure of reimbursements
Non-disclosure of the amount of reimbursement of expenses, non-submission of the details of expenses incurred for verification during the assessment…
......Read MoreWhen to challenge
Taxpayer has a right to ask for a speaking order. Further a Challenge to a non speaking order on objections…
......Read MoreCompensate taxpayer for costs of litigation for failure to follow strict procedures of law
The High court in [2022] 20 ITR-OL 1 (Guj) held that the new regime of section 148A should be strictly followed so as…
......Read MoreInter department arrangement cannot have impact on limitations under the Act
The transfer of the files from one TP charge to the other cannot extend the time for assessment and can…
......Read MoreOpportunity or adequate opportunity —- the unsolved question!!
Section 142/143 assessment scheme says that assessee be given ‘opportunity’ for the purpose of assessment. The word ‘adequate’ is missing. …
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