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
AP takes VAT on ATF to new heights
In a move that could erode Hyderabad's competitive edge in aviation — it had one of the lowest value added tax (VAT) on
Centre wants petroleum and alcohol included in GST
The Centre on Monday indicated that it wants the inclusion of petroleum products and alcohol in the proposed goods and
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