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Income tax department can reopen old cases, even upto ten years, in case of big deals 3 min read

• Income Tax

Income tax department can reopen old cases, even upto ten years, in case of big deals

Baisakhi Ganguly 9 years ago

As per the memorandum of the Finance Bill 2017, the Income tax department can reopen old cases and the books of accounts of an assessee... Read More

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law 5 min read

• Income Tax

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law

Baisakhi Ganguly 9 years ago

The Income Tax Tribunal at Mumbai on the case of Torm Shipping India Pvt. Ltd. (earlier called Orinoco Marine Consultancy India Pvt. Ltd.), Second Floor,... Read More

Reopening of assessment invalid if done without application of mind 5 min read

• Income Tax

Reopening of assessment invalid if done without application of mind

Baisakhi Ganguly 9 years ago

The Hon’ble High Court of Gujarat at Ahmadabad in the case of Elecon Engineering Company Ltd. (Petitioner) vs. Assistant Commissioner of Income Tax (Respondent), being... Read More