Principle of precedent
The prima facie case and the precedents are key to the jurisprudence in the recovery matters. Keeping this approach into…
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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
Improper Intimation for adjustment of refund
The invisible CPC often indulges in the instantaneous recovery of demands against hard-earned refunds of the assessee without meeting the…
......Read MoreQuestion of stay – What is a speaking order?
Vide [2021] 17 ITR-OL 66 (Kar) it is incumbent on the Principal Commissioner of Income-tax to decide on the application…
......Read MoreUncontroverted and protected right to appeal and to file application for stay of demand
Vide Dwarka Minerals & Chemicals (P.) Ltd. v. CCE(A) [1997] 93 ELT 330 (Punj. & Har.) where the appellate authority…
......Read MoreTrinity test for stay of collection
The circular of the Central Board of Revenue (No. 14 (SL-35) of 1955, dated April 11, 1955) requires the officers…
......Read MoreEconomic Hardship and Waiver of Interest case
Income tax law by design has provisions with enabling powers to authorized officers for waiver of interest to provide respite…
......Read MoreRevision/refund possible in case of over assessment
By the Gujarat High Court decision in 276ITR165 an intimation u/s 143(1) is not an order of assessment hence a…
......Read MoreRefund on Regular assessment
The Andhra Pradesh High Court in the case of CIT v. Bakelite Hylam Ltd. (107TAX429) held that the assessing officer…
......Read MoreInterest on Amount Refundable on Reassessment
In a set aside case, being relevant to A.Y. 1989-90 or any earlier year, the assessee made a claim for…
......Read MoreRefund on Regular assessment
The Andhra Pradesh High Court in the case of CIT v. Bakelite Hylam Ltd. (107TAX429) held that the assessing officer…
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