Answers By Expert: Research Team
  Wrong Assessment Year selected while filing Income Tax Return Read more at: https://www.caclubindia.com/experts/wrong-assessment-year-selected-while-filing-income-tax-return-2898369.asp
Dear all, I had one query: An assessee had himself filed his income tax return for the F.Y. 2014-15 and inadvertently shown Income of F.Y. 2015-16 in F.Y. 2014-15. There was no income in F.Y. 2014-15 as the assessee was unemployed. Later on Return of FY 2015-16 was filed with the actual income of FY 2015-16. Can the return of income filed for F.Y. 2014-15 be deemed invalid by the Department and vacate the demand? The return of income filed for F.Y. 2014-15 was filed erroneously and there was no income during the relevant financial year and thereby NO TDS,…


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  Legal, will
  Dear Sir /Madam , pl advise  on below note: Elder son looking after the family for 20 years and in this duration he buy the property in the name of  Mother .Now  78 years old mother willed the property in the name of Younger brother is there any hope the edler son claim his right


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  Sec. 148, Reassessment , amalgamation , search
A Search and Seizure action was carried out on the residence of Mr. X  and his Group Company  premises. In pursuance of the said search, the Dept has issued notices u/s 148 for A.Y. 2013-14 onwards to various entities. In light of the same, Certain Notices are issued in the name of Y and Co  Private Limited' which had merged with Z and Co  Limited; Writ Petitions against the same are filed in light of Maruti Sukuzi (SC) and Alok Knit Exports Pvt Ltd (Bom HC).  M/s. T  Private Limited is also been issued with a similar notice which is…


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  Third party evidence for making reassessment
Third-party evidence for making a reassessment of whether valid


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  topic wise search
is it possible to search query qua topics on this portal ?


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  transfer of a case to other bench of ITAT for NRI
what is the procedure to shift file from one to other bench of itat if PAN is migrated ? If there is no address in INDIA for NRI If POA is in other city


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  Sec. 263 of the Act .
Assessee is an individual and his assessment U/Sec. 143(3) was completed for A_Y. 2016-17.  Later on it was reopened U/Sec  147 on the ground that claim of Interest paid and allowed as deudction U/Sec 56 and assessment was completed U/Sec. 147 r.w.s. 143 (3) Assessing at same income which was earlier accepted U/sec  143(3). Again Notice U/Sec. 263 was issued on the ground that claim of interest paid and allowed by the AO is incorrect and therefore order is erroneous and prejudicial to the int of revenue and without appreciation of submission passed the order U/sec. 263 holding order passed…


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  Sec153C of Income Tax Act.
Search conducted U/Sec. 132 prior to June 2015 on Mr. X. On the basis of documents found during the course of search. Assessee Y received Notice U/Sec. 153C. In the Satisfaction Note, it is mentioned that certain documents seized during the course search at Mr. X , pertains to Mr. Y. The documents seized were slips of cash deposits in Bank. Assessee challenge the proceedings u/Sec  153C on the ground that satisfaction is incorrect as it mentioned documents pertains to Y and not Belonging to Y. Whether proceedings initiated U/Sec. 153 c are valid ?


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  under/mis- reporting
whether ratio of 280 Taxman 334 / 125 taxmann.com 253 (Panji)(FB) ( Bom) (HC) apply to 270A as well ?


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  Questions about order passed without and search conducted as a case of mistaken identity as detailed below
Dear Sir, Please give your view and guide us: Order for A.Y. 2010-11 to 2019-20 have been passed on 24.04.2021 after taking approval on 23.04.2021. On 24.04.2021, it was Saturday. DIN was intimated to the assessee on 31.05.2021 mentioning in the letter that order has been passed on 31.05.2021. The body of the assessment order does not contain DIN. As per circular no.19 dated 14.08.2019, the maximum number of days for generating DIN is 15 days. The AO issued another letter dated 26.07.2021 mentioning that order has been passed on 24.04.2021 and generated another DIN for order passed u/s 153A.…


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