S. 147 : Reassessment-Cash deposit in bank-Denomination-Pendency of appeal-limited scrutiny-. No question was asked in the original assessment proceedings-Reassessment notice is held to be valid. [S. 69A, 148, Art. 226]
S. 147 : Reassessment-Cash deposit in bank-Denomination-Pendency of appeal-limited scrutiny-. No question was asked in the original assessment proceedings-Reassessment notice is held to be valid. [S. 69A, 148, Art. 226]
S. 147 : Reassessment-SEB price used as indicator of realizable value of power for claim-Assessing Officer had elaborately questioned assessee on very same issue during scrutiny assessment and assessee had submitted relevant details and documents-No fresh material-Reassessment for review of original assessment is not valid. [S. 80IA, 148]
S. 147 : Reassessment-Transfer pricing-Reference to TPO-Section 144C(4) only states that AO has to pass an assessment order in accordance with provisions of Act and it nowhere states that reopening notice can be issued only after passing an assessment order-Reassessment notice is held to be valid. [S. 92CA, 144C (4), 148, Art. 226]
S. 147 : Reassessment-Mark-to-Market loss-No new material-Notice for reassessment and order disposing the objection was quashed. [S. 14A, 37(1), 72, 148, Art. 226]
S. 147 : Reassessment-After the expiry of four years-Capital gains-Excess cost of acquisition of property-Question of fact-Alternative remedy-Directed to file an appeal.Directions for maintenance of status qua subject to payment of 10 percent of demand . [S. 143(3), 147, Art. 226]
S. 145 : Method of accounting-Construction and development of property-Project completion method-Principle of consistency-Not justified in adopting percentage completion method.
S. 144B : Faceless Assessment-Personal hearing request was rejected-Order was quashed and set aside-Matter remanded back to Assessing Officer for a fresh decision. [S. 143(3),144B(7)(vii), Art. 226]
S. 144B : Faceless Assessment-Principle of natural justice-Technical difficulties-Order passed without granting an opportunity of hearing with sufficient time-Order was set aside. [S. 80P, 144 147, Art. 226]
S. 144B : Faceless Assessment-Not granting personal hearing-Unexplained investments-Mutual funds-Joint names-Factual dispute-Pendency of appeal-Writ petition was dismissed. [S. 69, 156, 246A, Art, 226]
S. 139 : Return of income-Condonation of delay-litigation between promoters and investors-Beyond control of assessee-PCIT and Additional CIT recommending condonation of delay-Rejection of application by CBDT was set aside by High Court was affirmed. [S. 119(1), 119(2)(b), Art, 136, 226]