No failure on assessee's part to disclose fully and truly all material facts during original assessment - Whether Reassessment proeeding justified?
Short Overview There was a definite reason to believe that to the tune of excess deduction income chargeable to ...
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Posts tagged "section 147"
Legislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving enquiry
Legislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving enquiry
Delhi HC in the case of Ranbaxy Laboratories Ltd. vs. CIT has laid down few important principle of ...
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Validity of Reassessment if Additions made for items other than the items of reasons recorded
Validity of Reassessment if Additions made for items other than the items of reasons recorded
Short Overview When the grounds of reopening do not exist any longer and no additions are ultimately made on that account, then addition on account ...
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Validity of Reassessment if Additions made for items other than the items of reasons recorded
Validity of Reassessment if Additions made for items other than the items of reasons recorded
Short Overview When the grounds of reopening do not exist any longer and no additions are ultimately made on that account, then addition on account ...
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Claim towards depreciation is mandatory for Deduction under section 80-IB?
Claim towards depreciation is mandatory for Deduction under section 80-IB?
Short Overview While determining assessee’s entitlement to deduction under section 80-IB, depreciation is mandatory, even though assessee did not claim such depreciation because for purposes of deduction under Chapter VI-A, ...
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Claim towards depreciation is mandatory for Deduction under section 80-IB?
Claim towards depreciation is mandatory for Deduction under section 80-IB?
Short Overview While determining assessee’s entitlement to deduction under section 80-IB, depreciation is mandatory, even though assessee did not claim such depreciation because for purposes of deduction under Chapter VI-A, ...
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Mere change of opinion and would be completely without jurisdiction under section 147: Supreme Court in ACIT vs. Marico Ltd
Mere change of opinion and would be completely without jurisdiction under section 147: Supreme Court in ACIT vs. Marico Ltd
ACIT vs. Marico Ltd (Supreme Court)
Supreme court in the case of ACIT vs. Marico Ltd has observed the following fact ...
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