INCOME TAX : Where a reopening notice was served upon assessee for treating purchase of shares by assessee as its unexplained investment by affixing it at an address at which…
INCOME TAX : Where founder trustee of assessee-trust was holding only 0.83 per cent of aggregate paid-up ordinary share capital of TSL, which was much less than threshold requirement of…
INCOME TAX : Where assessee questioned validity of a reassessment order on ground that objections raised by it against reopening were not answered by way of a speaking order, since…
INCOME TAX : New tangible material is sine qua non for reassessment even where ITR filed was processed amp; not selected in scrutinyINCOME TAX : New tangible material is sine…
INCOME TAX : Where AO issued reopening notice on ground that petitioner entered into a transaction amouting to Rs. 45 lakhs, however revenue in its counter affidavit did not respond…
INCOME TAX : Once assessee invested long term capital gain on sale of immovable property in buying residential house either in India or outside India prior to 1-4-2015, assessee is…
INCOME TAX : Even if appeal against revision order passed under section 263 was pending before Tribunal, Assessing Authority could complete assessment proceedings pursuant to findings given by revisional authority…
INCOME TAX : Where registration granted to assessee under section 12AA was cancelled by Commissioner and said order of cancellation of registration was set aside by Tribunal, assessee to be…
COMPANY LAW : Where registration of one of directors of Registered Valuer Entity (RV-E) as a registered valuer was suspended for his alleged role in misconduct committed by bank and…
INCOME TAX : Assessee was not entitled to reduce book profit by capital loss debited to Pamp;L account which was subject matter of qualification by auditors as such capital loss…