Tenet Tax Daily November 30 2019
Transfer of assessee’s case from one Jurisdiction to other without explaining reasons remanded back by HC
Reassessment initiated held unjustified since it was done on basis of audit objection
Tenet Tax Daily November 29 2019
Appeal cannot be dismissed by Tribunal for non appearance – case should be decided on merits: HC
Tenet Tax Daily November 28 2019
Section 54 relief not to be denied on ground that payment of new house was made from different bank a/c
Tenet Tax Daily November 27 2019
Filing of the Sec. 264 revision petition beyond the period of limitation cannot be the sole ground for rejection: HC
Tenet Tax Daily November 23 2019
Withholding refund u/s 241A without processing the ITR held invalid: HC
Tenet Tax Daily November 26 2019
Order passed by AO without considering assessee’s submissions is a non speaking order and needs to be quashed
Tenet Tax Daily November 25 2019
Capital receipt covers cases where compensation is received by lessor on termination of lease due to sale of property
Tenet Tax Daily November 22 2019
In case appeal is pending against assessment order, rectification application cannot be denied only giving reason
Tenet Tax Daily November 21 2019
Opportunity to be given to assessee to rectify defects before treating ITR as invalid: ITAT
Tenet Tax Daily November 20 2019
Rejection of Books of account merely on account of marginal fall in gross profit held invalid
Tenet Tax Daily November 19 2019
If entire material was available during original assessment, no reassessment is called for
Tenet Tax Daily November 18 2019
Non-speaking order passed by CIT(A) – matter remanded by ITAT
Tenet Tax Daily November 16 2019
In case assessee failed to substantiate claim of commission expenses. disallowance made to be held valid
Tenet Tax Daily November 15 2019
Failure to file evidence showing services were received from AE – fresh adjudication directed by ITAT
Tenet Tax Daily November 14 2019
Carry forward of business loss not available by filing revised return: HC
Tenet Tax Daily November 13 2019
Failure on part of AO to prove that legal heir was successor of deceased – additions deleted
Tenet Tax Daily November 12 2019
Construction expenditure incurred for completing construction after building sale eligible for deduction u/s. 37(1)
Tenet Tax Daily November 11 2019