EMA India vs. ACIT (Allahabad High Court)In respect of AY 2000-01, the assessee filed a ROI. In the accompanying balanc
AO deemed to have applied his mind if facts are on record and reopening u/s 147 on change of opinion is not permissible even within 4 years
In CIT vs. Kelvinator of India Ltd. 256 ITR 1 the Full Bench of the Delhi High Court was considering a case of reopenin
Reopening u/s 147 not valid if there is no finding regarding failure to disclose material facts
In AY 2002-2003, the assessee claimed deduction u/s 80-IB (10) of Rs. 3.85 crs which was allowed by the AO vide s. 143
s.153A does not authorize de novo assessment. Non-pending assessments do not abate. Additions must be confined to search material
S. 153A provides that where a search is initiated u/s 132 the AO shall “assess or reassess the total income of six asse
Dispute Resolution Panel (DRP) is an optional remedy
F. No. 142/22/2009-TPL (Pt. II)Central Board of Direct Taxes,Department of Revenue,Ministry of Finance,Government of In
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