No revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue
Penalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned in the board report
CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB
Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?
If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.
If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC
Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC
Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad
AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA
CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.
No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years
