Completed or unabated assessment could not be interfered without any incriminating material unearthed during search.
Short Overview : There was no dispute to the fact that no assessment proceedings were pending for the year under consideration as on date of search ...
Read More
Posts tagged "section 143"
Completed or unabated assessment could not be interfered without any incriminating material unearthed during search.
Completed or unabated assessment could not be interfered without any incriminating material unearthed during search.
Short Overview : There was no dispute to the fact that no assessment proceedings were pending for the year under consideration as on date of search ...
Read More
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
Short ovreview Where notice under section 143(2) was not served at correct address, the assessment proceedings concluded on the basis ...
Read More
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
Non-service of notice is factual and serious defects in framing of assessment and renders the assessment proceedings null and void.
Short ovreview Where notice under section 143(2) was not served at correct address, the assessment proceedings concluded on the basis ...
Read More
No disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover
No disallowance under section 40A(2)(b), once the net profit is estimated at a certain percentage of turnover
Short Overview Once net profit was estimated as a percentage of turnover, there could not be any further addition towards any regular business ...
Read More
CBDT circular on 143(1) (a)(vi) adjustment.
CBDT circular
Sub-clause (vi) of clause (a) of sub-section (1) of section 143 of the Income-tax Act,. 1961 ('Act') as introduced vide Finance Act, 2016, w.e.f. 01.04.2017, while processing the return of income, prescribes that the total income or loss ...
Read More