Self imposed limitation for alternative remedy has no buzz
Recalling words from the age-old historic decision in Calcutta Discount Co. Ltd. the Delhi High Court in [2021] 18 ITR-OL…
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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
Commissioner’s are often ignorant of S.264 powers!!! …..Case of frivolous litigation prompted by the AO and then pushed further by CIT
Even if the powers of the AO are restricted in the matter of allowance of expenditure in the absence of…
......Read MoreRefund of penalty
In an interesting case fact reported at [2019] 412 ITR 642 (Mad) the assessee gave up the claim of depreciation…
......Read MoreCourt declines to intercept TRO powers under rule 11 of Schedule II in property attachment case
Section 281 deem certain transfers of assets void if they are transacted during the pendency of any proceeding under this…
......Read MorePoint of limitation u/s 149
Once a notice u/s 148 is issued within the period of limitation, jurisdiction becomes vested in the ITO to proceed…
......Read MoreHow the power to grant stay u/s 220(6) is to be exercised by the AO ?
Reading from one instruction to other and another the High Court in [2021] 18 ITR-OL 120 (Mad) held that clause…
......Read MoreDoctrine of substantive benefit
Application in form 10 is gateway to benefit of exemption under section 11 of the Income-tax Act, 1961. Further such…
......Read MoreInstance of manifest violation of business of justice
Passing assessment order before the appointed day and time without considering reply filed by the assessee would amount to an…
......Read MoreA Daunting ruling of AAR for suppressing of facts – Part 3- travesty of justice
Section 245R (2) require upon AAR to examine the application and the records and only thereafter allow or reject the…
......Read MoreA Daunting ruling of AAR for suppressing of facts – Part 2
The AAR in their 100+ pages order in [2021] 435 ITR 456 (AAR) held the applications as non-maintainable and further…
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