ignorance of assessee

Recent Posts

• Lack of definitive quantum of escapement and change of opinion: Gujarat HC held reopening invalid
• Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC
• Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries
• To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.
• What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.
• Delhi HC upheld Concurrent Jurisdiction of JAO/FAO for issuing notice under section 148
• Profit on sale of assets is still taxable even if the block of assets continues to exist?
• PF WITHDRAWAL SIMPLIFIED – FROM 13 RULES TO JUST 3
• Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum Sahgal v. ACIT
• TCS on Motor Vehicles Above ₹10 Lakh: The Most Misunderstood Provision in Income Tax-And Why Even Second-Hand Dealers, Companies, Firms and Large Individuals Must Comply