Where there is variation in the quantum of income under approval and in draft order, such order u/s148(d) and consequential notice u/s 148 is liable to be quashed.
Reopening proceedings against wife should be dropped when the investment was made by husband: Bombay HC
No order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:
ROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined
No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC
Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources”