ITR

HC presumes existence of culpable mind in not filing return within time; confirms prosecution     Where assessee had not filed return of ...

  Fact that procedure envisaged by section 153C is somewhat cumbersome and that person other than searched person is put to some inconvenie...

S. 153A: Assessments pending in appeal do not abate For AY 2002-03, an addition of Rs. 99 lakhs was made by the AO & confirmed by...

  Whether adjustment made by Revenue u/s 245 can be treated as 'recovery' - YES, rules Delhi HC NEW DELHI, DEC 02, 2011: T...

S. 147: “Full & true disclosure of material facts” means “specific” disclosure of “each” fact The assessee entered into...

Honda Siel Power Products Ltd. Vs. Dy. Commissioner of Income Tax & Anr. [SLP No. 19085/2011, dtd. 29.07.2011] Despite bar in Proviso to...

In the balance sheet enclosed with the ROI, the assessee disclosed sundry creditors of Rs. 1.66 crores. In the course of the s. 143 (3) asse...

I-T - Whether when someone else deducts tax at source from payments made on behalf of assessee, it can be...

Delhi High Court: Search Assessment u/s 153A Does Not Require Issue of Notice U/s 143(2) Issue of notice u/s 143(2) before passing search a...

2011-TIOL-89-SC-IT + it sc story : - ITO Vs M/s Mangat Ram Norata Ram Narwana (Dated: May 5, 2011 ) Income tax - Sections 142(...

If assessee does not ask for s. 147 reasons & object to reopening, ITAT cannot remand to AO & give assessee another opportunity The...

Legal error apparent on record can be corrected by the AO in exercise of his power under s 154, as held by DelHC in Mitsubishi Corporation ...

Income-tax - Penalty [Section 271(1)(c)] : Where Tribunal, holding assessee's explanations to be reasonable, deleted penalty under secti...

Income-tax : Process of coating with oxides of Noble Metals on Titanium Metal Electrode / Anode bringing about a change in its character a...