Publication of names of tax defaulters in public domain. Notice must be given to assessee. CBDT seeks list of defaulters as per naming and shaming policy
In a recent letter written by CBDT to all the Income Tax Commissioners asking for reconfirmation of the details of tax defaulting assessees in cases where undisputed outstanding demand/tax exceeds Rs.1 crore as on 31.03.2017. As per the letter, these names of the defauletrs are to be submitted for approval of the Hon’ble Finance Minister by July, 2017.
The letter expressley provides that the notice for publication of name must invariably be given to assessee.
Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…
Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…
ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…
Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…
Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…