A company was penalised for filing an incomplete and incorrect INC-22 for change of registered office. Startup status helped secure a reduced penalty under Section ...
Easements can protect Seminole development The Orlando Sentinel is right to raise concerns about efforts to weaken Seminole ...
Responding to widespread taxpayer concerns regarding audit procedures, the Bureau of Internal Revenue (BIR) took a decisive step by suspending tax audits in November. This strategic pause allowed the ...
The Registrar held that non-filing of e-Form INC-22A constitutes a violation of Rule 25A read with Section 450. Maximum ...
The Tribunal upheld the remand of an ex parte assessment where substantial bank deposits were not supported by any documentary evidence. It held that unsupported explanations cannot replace proof, and ...
The Tribunal examined whether entire purchases from untraceable suppliers could be added to income. It held that only the embedded profit element can be taxed, not the full purchase ...
The ITAT ruled that rectification proceedings cannot substitute for an appellate remedy against an addition under section 69A. Absence of a mistake apparent from the record justified ...
The appellate order confirmed loan additions without addressing the Rule 46A plea. Holding this to be a serious procedural defect, the Tribunal set aside the order for de novo ...
The ruling clarifies that if purchases, stock, and trading results are accepted and books are not rejected, sales proceeds cannot be taxed as unexplained cash ...
The issue was whether reassessment is valid when reasons for reopening are not placed on record. The Tribunal held that non-recording of reasons under Section 148(2) vitiates jurisdiction, rendering ...
The Tribunal held that IGST demand based on alleged breach of pre-import condition was unsustainable where export obligations ...
The issue was whether DRP cases escape the outer limitation under section 153. The Tribunal held that section 153 continues to apply and quashed the assessment as ...
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