Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Assessment under Section 147

Mere low income cannot constitute understatement of income by an Assessing Officer 4 min read

Income Tax

Mere low income cannot constitute understatement of income by an Assessing Officer

Sourav 9 years ago

The provisions contained in the section 147 of the Income Tax Act authorizes the Assessing Officer for reassessment by reopening the case wherever there is... Read More

What if the Assessing Officer erred assuming jurisdiction under Section 153A of Income Tax Act? 5 min read

Income Tax

What if the Assessing Officer erred assuming jurisdiction under Section 153A of Income Tax Act?

Rebecca Ghomes 9 years ago

Following a series of proceedings and subsequent discussions, the Honorable ITAT declared the assessment order passed u/s 143(3) r.w.s 153A of the Income Tax Act... Read More