Approach 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…
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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
Limitation
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…
......Read MoreAn act in terrorem
In [2022] 445 ITR 622 (Raj)the CPC adjusted the refund against the demand in dispute before Commissioner ( A). The High…
......Read MoreExport Commission to non resident director held chargeable at PE rate
Normally export commission is not chargeable to tax in india unless services are technical or specialised in nature and go…
......Read MoreWhat after cancellation of exemption/registration
The tax authorities have a right to cancel registration of trusts in some situations. At the same time the trust…
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