Opportunity 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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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
Gross breach of natural justice
In their classic order in (2001) 249ITR554 the Supreme Court upheld the High Court decision quashing/setting it aside the ex…
......Read MoreUpdate personal details at income tax portal as well as in permanent PAN database
Updated jurisdictional details as well personal details in the Income-tax Web Portal are vital for the communication of notice, summons,…
......Read MoreSlight 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 MoreFAILURE 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…
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