Income Tax

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October 27, 2021

Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt

Circular 18/2021, dated 25-10-2021 The … Continue reading “Benefit of Sec. 36(1)(vii) available even if sugarcane price fixed by State Govt is more than price fixed by Central Govt”

Blog, News, Income Tax

October 27, 2021

Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid

Case Details: Unisource Hydro Carbon … Continue reading “Series of adjournments granted to assessee indicates that hearing opportunity was granted; assessment order valid”

Blog, News, Income Tax

October 26, 2021

Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC

Case Details: DDIT v. Ms. … Continue reading “Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: HC”

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October 26, 2021

Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN

Case Details: Lamba Techno Flooring … Continue reading “Delhi HC set-asides faceless assessment order as time frame provided to assessee was too short to respond to SCN”

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March 4, 2022

CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT

Case details: Har Nihal Charitable … Continue reading “CIT can’t deny sec. 12AA registration on grounds not related to object & genuineness of trust’s activities: ITAT”

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October 23, 2021

Govt. notifies Sovereign Gold Bond Scheme 2021-22

G.S.R. 750 (E), dated 21-10-2021 … Continue reading “Govt. notifies Sovereign Gold Bond Scheme 2021-22”

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October 22, 2021

Right of ‘limited finality’ violated if reasoning adopted by CIT(A) for dismissing appeal not considered at assessment

Case Details: Energy Infratech (P.) … Continue reading “Right of ‘limited finality’ violated if reasoning adopted by CIT(A) for dismissing appeal not considered at assessment”

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October 22, 2021

Rule 11UA amended in mid of Assessment Year is applicable for transactions occurred during whole AY: ITAT

Case Details: UKN Hospitality (P.) … Continue reading “Rule 11UA amended in mid of Assessment Year is applicable for transactions occurred during whole AY: ITAT”

News, Blog, Income Tax

October 21, 2021

Assessee can’t seek parallel remedy by filing writ on same day of lodging of objections before AO: Bombay HC

Case Details: John Sebastian Zezito … Continue reading “Assessee can’t seek parallel remedy by filing writ on same day of lodging of objections before AO: Bombay HC”

Blog, News, Income Tax

October 20, 2021

Passing order without disposing of request of adjournment is violation of principles of natural justice: HC

Case Details: Sudev Industries Ltd. … Continue reading “Passing order without disposing of request of adjournment is violation of principles of natural justice: HC”