Notice u/s 148 quashed as time period to issue notice u/s 143(2) for conducting assessment u/s 143(3) had not expired.…
An invalid or illegal assessment order cannot be revised under the provision of section 263 In a recent judgment, Hon'ble…
CIT can not assume revisionary powers u/s 263 for issues not forming part of limited scrutiny assessment. In a recent…
NFRA imposes penalty of Rs. 4.50 crores on CA/Audit Firm for professional misconduct for not exercising due diligence In a…
Show cause not giving minimum seven days to respond to proposed variation – Assessment order set aside In a recent…
Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…
Service Tax Liability admitted Before Cut-off Date amounts to “quantified” under Sabka Vishwas (Legacy Dispute Resolution) Scheme- Allahabad High Court…
Voluntary ex-gratia compensation not taxable u/s 17(3)(i). Department has to confine to the grounds taken in appeal - ITAT Voluntary…
When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…
Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…