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Dear Subscriber,
Adjustment By Income Tax Department U/S 143(1)(a) In Respect Of Debatable Issue
Advocate Parveen Kumar Bansal (Former ITAT Vice President) and CA Gaurav Bansal have pointed out that the Central Processing Centre (CPC) is making adjustments u/s 143(1)(a) of the Income tax Act for alleged "mistakes" in the returns of income, without considering the objections of the assessee and giving reasons. The ld. authors have pointed out that this practice of the CPC is contrary to the law and CBDT Circulars and is leading to wasteful litigation and harassment. They have requested the CBDT to intervene and issue necessary directions. A pdf copy of the article is available for download See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Legality Of Prior Approval Of JCIT In Search Cases U/s 153D Of The Income-tax Act 1961
CA Mohit Gupta has pointed out that under section 153D of the Income-tax Act, 1961, the prior approval of the JCIT is necessary before an assessment under sections 153A and 153C of the Act is passed. He has drawn attention to important judgements which have held that if the approval is granted by the JCIT in a mechanical manner and without application of mind, the assessment is vitiated. A pdf copy of the article is available for download__._,_.___
Posted by: "editor@itatonline.org" <itatonline.org@gmail.com>
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