Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT
Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified: Mumbai ITAT
Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be quashed and set aside.
10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit has already expired: Delhi HC
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT
๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐ง๐ฎ๐ ๐ง๐ฟ๐ถ๐ฏ๐๐ป๐ฎ๐น ๐ข๐ฟ๐ฑ๐ฒ๐ฟ ๐ผ๐ป ๐ฑ๐ถ๐๐ฎ๐น๐น๐ผ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ผ๐ฟ๐ฒ๐ถ๐ด๐ป ๐ง๐ฎ๐ ๐๐ฟ๐ฒ๐ฑ๐ถ๐
Rs. 175 crore GST illegal Scam – HC verdict to release the Tax officer as there are procedural violations that render his detention null & void
Mere surrender of income would not absolve the assessee from the levy of penalty until and unless the mandatory provisions of Section 271AAA(2) has not been complied.
Final Assessment orders quashed by Mumbai ITAT as it was passed without issue of the draft assessment orders under Section 144C
Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT.
Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is โpropertyโ under the BPTA
