Interest 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…
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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
Interest on Refund- Not Automatic
Under the Income tax Act every entity is required to deduct tax on specified payments. Often it is found that…
......Read MoreSet Aside Assessment- Rule for Claim of Refund and Interest
The Supreme Court in CIT v. Chittoor Electric Supply Corporation (212 ITR 404) held that where an assessment order is…
......Read MoreDisposal of Stay Applications- Parameters Laid Down
Often it is found that the revenue authorities reject stay petitions before March 31 only as a reason to enforce…
......Read MoreProcess of appeal made nugatory and ineffective- held as excessive, unwarranted and unreasonable
In a very fine ruling the Mumbai Bench of the Tribunal in the case of RPG Enterprises Limited v. Dy.…
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