Urgent need for issue of an instruction by CBDT for blanket stay in section 263 bound assessments
Section 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MoreSection 263 empower commissioner of income tax to order for fresh assessment or revision of previous assessment framed provided such…
......Read MoreWhere the assessee company makes investment in its 100 per cent. subsidiary for extension of business marked by additional capacities in…
......Read MoreIn a case of transaction of purchase of immovable property from a non resident it is mandatory to deduct tax…
......Read MoreDestination wedding are not uncommon these days some of which are quite on a fat scale. In the run up…
......Read MoreThe Delhi High Court in a landmark decision in [2023] 452 ITR 107 (Del) provided relief to an ex-kingfisher airlines employee…
......Read MoreAssessments are governed by certain rules. Rule of consistency is one such rule. The Delhi High Court in [2023] 452…
......Read MoreThe Cuttack bench of the Tribunal in [2023] 102 ITR (Trib) 701 (ITAT[Ctk]) held that as the reasons recorded does…
......Read MoreWhereas a right to substitute an incorrect return with a correct and complete return is given to an assessee by…
......Read MoreBy the Delhi Tribunal pathbreaking decision in (2023] 102 ITR (Trib) 399 (ITAT[Del]) the taxpayer is required to be put…
......Read MoreNotice received from X ward instead of Y ward can ruin the assessment order sometimes. In (2023] 102 ITR (Trib)…
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