Slight irregularities could mar reassessment
Vide [2022] 19 ITR-OL 606 (Mad) a slight irregularity in the proceedings carried out by the AO can provide a cause of…
......Read More
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
FAILURE TO CONSIDER ASSESSEE’S SUBMISSIONS- ORDER DISPOSING OF ITS OBJECTIONS QUASHED
Vide [2022] 443 ITR 191 (Del) an order passed by the AO in disposing of objections against reopening which when does…
......Read MoreIncorrect content of notice-Challenge 148/148A jurisdictions upfront for gathering/tossing wrong facts/information
Notice issued on the basis of wrong keeping of facts suffered dismissal by the Tribunal in [2022] 95 ITR (Trib)…
......Read MorePreconditions to notice for reassessment
The tax officer has both powers to assess or reassess incomes. By the ruling in [2019] 16 ITR (Trib)-OL 35…
......Read MoreSafeguards u/s 151 and 148A
In dismissing the ground that sanction u/s151 for issue of notice u/s 148 has been given in mechanical manner the…
......Read MoreTaxpayer should mind their conduct before invoking article 226 remedy
A person who has not responded to any of the notices issued in the past cannot, without anything more, turn…
......Read MoreWhat is meant by change of opinion
The income tax officer is not permitted to review his own order so do his successor in office. If he…
......Read MoreSection 148A is in serious trouble
It is settled law that the Assessing Officer performs a quasi-judicial function while framing an assessment. And further the Revenue cannot…
......Read MoreJurisdictional defect
Before the Mumbai bench in [2022] 94 ITR (Trib) 216 the assessee took a ground that notice under section 143(2)…
......Read MoreDisclosure methods Disclosures of important transactions in directors report and notes are good indicators to prevent AO to resort to reopening of cases after 4 years.
The High Court in [2015] 4 ITR-OL 517 (Bom) in their pointer held that in this case the director’s report…
......Read More