ITA Nos1535 to 1537_Mum_2022_221214

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This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

Reason to believe for Reassessment: AO must exercise discretion independently and not under the dictates of other authorities.
Re-assessment is valid if the AO independently verifies information and forms a reasoned belief of income escaping assessment.
Assessment order passed on a non-existent entity due to amalgamation is invalid considering the applicability of Section 170(2) of the Income Tax Act
Non filing of MSME-1 by Companies may attract penalty up to Rs. 3 Lakh
Courts, Sub-Registrars must report if they come across cash transactions over Rs. 2 Lakhs to Income Tax Department: Supreme Court

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