caveat/precondition to 148/148A
Dr. Anita Sumanth J in her ruling in [2023] 450 ITR 568 (Mad) while dealing with the contextual relevance of the…
......Read More
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
Stay-High pitched assessment case
A typographical error in mention of exemption section lead to a high pitched assessment in [2023] 451 ITR 77 (Bom). As…
......Read MoreFictitious Cash sales
The SC while dismissing the SLP in [2023] 453 ITR 754 (SC)held that merely because the sales tax authorities have accepted cash…
......Read MoreWhether there is any bar to income tax survey at residential premises!
There is a common notion that power to conduct income tax survey is limited to the business premises. In an…
......Read MoreIn a scenario of mechanical approval
By the provisions of section 153A /153D approval is to be obtained by the Assessing Officer on the draft assessment…
......Read MoreS.54 exemption at risk in multiple floors scenario
In a limited scrutiny case of section 54 exemption inspection of newly acquired property was initiated by the AO. Upon…
......Read MoreCash deposits
Pursuant to demonetisation ordinance in 1946 a husband and wife submitted High denomination notes in their respective names in [1953]…
......Read MoreBusinessmen point of view is key to the determination of head of income
In the taxation of rental incomes the High Court of HP in (2023] 21 ITR-OL 624 (HP) held that the businessmen…
......Read MoreAdditional window of opportunity for taxpayers
The Jodhpur bench of the Tribunal in (2023] 103 ITR (Trib) 388 (ITAT[Jodh] in allowing the miscellaneous application held that non-adjudication…
......Read MoreNo writ remedy for error of fact
Before the High Court in (2023] 453 ITR 150 (P&H) the petitioner challenged the order u/s148A (d) stating that the stand…
......Read More