Safeguards u/s 151 and 148A
In dismissing the ground that sanction u/s151 for issue of notice u/s 148 has been given in mechanical manner the…
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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
Levy of taxes based on circumstantial evidence without following procedure of law
Here is a reopened case of a diamond merchant reported at [2021] 92 ITR (Trib) 647 (ITAT[Surat]) in which the…
......Read MoreINFRINGEMENT OF RIGHT TO LIVELIHOOD—business interests overweigh flight risks/economic interests
Justice Ms. Rekha Palli of the Delhi High Court in a very fine and reasoned order in quashing the look…
......Read MoreTaxpayer should mind their conduct before invoking article 226 remedy
A person who has not responded to any of the notices issued in the past cannot, without anything more, turn…
......Read MoreWhat is meant by change of opinion
The income tax officer is not permitted to review his own order so do his successor in office. If he…
......Read MoreSection 148A is in serious trouble
It is settled law that the Assessing Officer performs a quasi-judicial function while framing an assessment. And further the Revenue cannot…
......Read MoreUnjustly disallowance of expenses alleging them as preparatory in case of fleet management entity
The law provide for computation of total income starting the date of set-up of business. Any business other than manufacturing…
......Read MoreWhat is not erroneous
Income tax Commissioner before exercising power of revision has to be satisfied of twin conditions, namely, (i) the order of…
......Read MoreRevision u/s 263 is order specific to the subject
When it comes to period of limitation it is the order specific to the matter under revision. The limitation would…
......Read MoreReliance blocked from taking benefit of Vivad Se Vishwas scheme
In explaining the avowed object of the Direct Tax Vivad Se Vishwas Act the High Court in [2022] 441 ITR…
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