Refund of penalty
In an interesting case fact reported at [2019] 412 ITR 642 (Mad) the assessee gave up the claim of depreciation…
......Read MoreIn an interesting case fact reported at [2019] 412 ITR 642 (Mad) the assessee gave up the claim of depreciation…
......Read MoreThe full bench of the Bombay High Court in [2021] 434 ITR 1 held that penalty initiation during assessment proceedings…
......Read MoreVide (2021] 432 ITR 201 (Kar) any clerical or typographical error or omission in the return of income, assessment, notice,…
......Read Moredisobedience of section 139(1) or 142(1) notices could lend a person into jail vide [2018] 12 ITR-OL 751 (Del). The…
......Read MoreIn (2020] 16 ITR-OL 3 (Mad) the counsel of the assessee for the first time before the High Court stated…
......Read MoreA new law called ‘THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015’ is passed…
......Read MoreIn D & H Secheron Electrodes (P) Ltd. (281ITR421) the assessee company is found to have suppressed profits by: Debiting…
......Read MorePenalty and assessment proceedings are independent proceedings. Penalty proceedings follow assessment proceedings and start much later so that their outcome…
......Read MoreThe Patna High Court in the case of CIT v. Kailash Crockery House (107TAX386) held that furnishing inaccurate particulars of…
......Read MoreFull and true disclosure of income is a primary obligation of the assessee. Any omission in this regard may lead…
......Read More