CIT(E) to inform assessee as to what other approvals are required before rejecting Sec. 12AA application
AO may assess or reassess income in respect of any issue which comes to his notice subsequently in the course of proceedings under s. 147 though the reasons for such issue were not included in the reasons recorded in the notice under s. 148(2)
Treating the amount as deemed Dividend without disputing Purpose of Transaction is invalid as it is violation To CBDT Circular No. 19/2017 and therefore it
Notice issued on 11/06/2021 (Friday), Time for reply given 14/06/2021 (Monday): HC quashed the order passed in such a hurry