Taxpayer 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…
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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
What 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…
......Read MoreCapital subsidies are exempt from MAT
The Tribunal in [2022] 26 ITR (Trib)-OL 403 (ITAT[Kolk]) held that amounts, which are not taxable in normal computation, could…
......Read MorePutting unlawful restrictions on business Entertainment
In the case of an exporter firm ( Maharani of india) reported at(2022) 94ITR(Trib) (S.N) 8 the A.O made some…
......Read MoreJurisdictional defect
Before the Mumbai bench in [2022] 94 ITR (Trib) 216 the assessee took a ground that notice under section 143(2)…
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