Guidelines for recording reasons for reopening assessments are only a guidance for the AO: Calcutta HC
ITAT Mumbai dropped non-compliance of penalty of Actress Shilpa Shetty as compliance with notices was done prior to assessment order
Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority
Reviewing authority, Revisional Authority and Appellate Authority in respect of orders passed by Common Adjudicating Authority (CAA) for show cause notices issued by DGGI
Based upon an inconclusive or tentative opinion of an AO, no breach of Article 265 can be alleged or established: Bombay HC
Reassessment, Unexplained Deposits & Section 148A: ITAT Ahmedabad Rules on Limitation & Justification
Home Truths for Global Indians: Can NRIs Really Claim Capital Gains Exemptions under Sections 54 & 54F?