Tenet Tax Daily December 05 2019
Assessment completed by issuing notice u/s 142(1) to be quashed: ITAT
Additions made by AO without verifying facts – matter set aside by ITAT
Tenet Tax Daily December 07 2019
Date of execution of documents to be taken as the date for transfer of property
Tenet Tax Daily December 04 2019
Powers of CIT(A) are not limited to only the issues in appeal – he can confirm, modify or annul entire assessment
Tenet Tax Daily December 03 2019
Inability to prove nexus between education expenses incurred and business of the company would lead to disallowance of expenditure
Tenet Tax Daily December 02 2019
Transfer of assessee’s case from one Jurisdiction to other without explaining reasons remanded back by HC
Tenet Tax Daily November 30 2019
Reassessment initiated held unjustified since it was done on basis of audit objection
Tenet Tax Daily November 29 2019
Appeal cannot be dismissed by Tribunal for non appearance – case should be decided on merits: HC
Tenet Tax Daily November 28 2019
Section 54 relief not to be denied on ground that payment of new house was made from different bank a/c
Tenet Tax Daily November 27 2019
Filing of the Sec. 264 revision petition beyond the period of limitation cannot be the sole ground for rejection: HC
Tenet Tax Daily November 23 2019
Withholding refund u/s 241A without processing the ITR held invalid: HC
Tenet Tax Daily November 26 2019
Order passed by AO without considering assessee’s submissions is a non speaking order and needs to be quashed
Tenet Tax Daily November 25 2019
Capital receipt covers cases where compensation is received by lessor on termination of lease due to sale of property
Tenet Tax Daily November 22 2019
In case appeal is pending against assessment order, rectification application cannot be denied only giving reason
Tenet Tax Daily November 21 2019
Opportunity to be given to assessee to rectify defects before treating ITR as invalid: ITAT
Tenet Tax Daily November 20 2019
Rejection of Books of account merely on account of marginal fall in gross profit held invalid
Tenet Tax Daily November 19 2019
If entire material was available during original assessment, no reassessment is called for
Tenet Tax Daily November 18 2019
Non-speaking order passed by CIT(A) – matter remanded by ITAT
Tenet Tax Daily November 16 2019