Non production of party implications during assessment
Mere non-production of the party during assessment alone cannot be a basis to make disallowance, when all other supporting evidence…
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Today's
Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Meeting of objections guidelines
In meeting objections to the reopening the AO is bound by law to pass a reasoned order. The Bombay High…
......Read MoreClosed Inquiry u/s 133(6) whether can prevent upon AO to issue notice u/s 148
Section 133(6) can be issued during the assessment or even otherwise with prior approval of senior authority. Once a query…
......Read MoreApproach Courts of jurisdiction to fast-track reassessment
Tax officer has powers to reassess a case if he gathers any information suggestive of income escapement. Case closure in…
......Read MoreLimitation
Issues which are not subject matter of the reassessment, do not merge in the reassessment order. It is because of…
......Read MoreNon disclosure of reimbursements
Non-disclosure of the amount of reimbursement of expenses, non-submission of the details of expenses incurred for verification during the assessment…
......Read MoreWhen to challenge
Taxpayer has a right to ask for a speaking order. Further a Challenge to a non speaking order on objections…
......Read MoreCompensate taxpayer for costs of litigation for failure to follow strict procedures of law
The High court in [2022] 20 ITR-OL 1 (Guj) held that the new regime of section 148A should be strictly followed so as…
......Read Morelower rate advantage under tax treaty in 197 applications
In making application u/s 197 a non resident can take benefit of DTAA as well as protocols issued for a…
......Read MoreInter department arrangement cannot have impact on limitations under the Act
The transfer of the files from one TP charge to the other cannot extend the time for assessment and can…
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