Once the (Assessing Officer) AO has called for necessary enquiries whether the (Principal Commissioner of Income Tax)PCIT can assume jurisdiction under section 263 of the Income Tax Act1961on the ground that the AO has not conducted required enquiries and alsonot applied in mind?
‘Indian Olympic Association’ won’t lose charitable status just because it received sponsorship from a private co.
Individual assessee having turnover below Rs. 1 Crore, got the books audited u/s 44AD(5) [net profit shown below 8% of turnover] for F.Y. 2016-17. Whether TDS provisions are applicable to him for F.Y. 16-17 / 17-18?
