If two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”
0
If two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”…
prejudicial to the revenue
Recent Posts
- Will the notice sent by the wrong officer invalidate the assessment proceeding?
- Rs. 175 crore GST illegal Scam – HC verdict to release the Tax officer as there are procedural violations that render his detention null & void
- Inadmissible credit utilized is output tax unpaid or credit liable to reversal or both?
- 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
- An overview of the GST Circular No.239/33/2024-GST Dated 4th December 2024
- Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC
- 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 “property” under the BPTA
- Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT Agra
