assessment u/s 153C or 147

Recent Posts

• No notice u/s 143(2) issued by the AO – ITAT Quashed Assessment as Jurisdiction
• Reasons recorded were vague and scanty and the approval has been granted mechanically – ITAT quashed the Reassessment Assessment
• Tax demands due to non-reflection of the ITC in GSTR 2A/GSTR 2B despite paying the same to the seller – Landmark order by High Court
• Unsigned notices are void ab initio and cannot confer jurisdiction or attract any legal consequence
• AO must independently form a reasoned belief while initiating proceedings u/s 147: Bombay HC
• Unsecured loans from trustees without prior approval from the Charity Commissioner: ITAT directed CIT (E) for giving Permanent Registration
• Private Discretionary Trust: Surcharge is applicable at respective surcharge slab rate: SB- Mumbai ITAT
• Lack of Jurisdiction and Non-Application of Mind by AO: ITAT declared Reassessment Proceedings as invalid, deleted addition of Rs. 12.39 Cr done U/s 68
• GST ITC Refund on Exports with Tax Payment: Points & Precautions
• ITAT granted relief with regard to the jewellery of the married daughter kept at parent house