(W.P.(C) 7406/2022 dated May 12, 2022) S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Order passed without considering the replies of the assessee-Assessed income was Rs. 10,07,05,88,04,543) Rupees One lakh seven hundred and five crores eighty lakhs four thousand five hundred and forty -three...
(ITA/18/2021) IA No.GA/2/2018 (Old No.GA/515/2018) Sub:-Whether the interest subsidy and excise refund would be treated as capital receipt or revenue receipt for the purpose of computation of book profit under the provision of Section 115JB of the Income-Tax Act, 1961?” The division bench of Calcutta High Court...
(W.P.(C) No. 17176 of 2022) Sub- Whether an assesse claiming exemption from filing of return of income u/s 10/11 can be issued notice u/s 148? The matter related to issue of notice u/s 148 for AY2015-16 in view of cash deposit in bank etc and admitted non...
(ITA/18/2021) IA No.GA/2/2018 (Old No.GA/515/2018) Sub:-Whether the interest subsidy and excise refund would be treated as capital receipt or revenue receipt for the purpose of computation of book profit under the provision of Section 115JB of the Income-Tax Act, 1961?” The division bench of Calcutta High Court...
(ITA NO.1492/MUM/2015(A.Y.2010-11)) Computation of limitation period section 92CA(3A) and 153(1) of the Act. In calculating 60 days – the day on which limitation to pass assessment order expires has to be excluded Under section 92CA(3A) and 153(1) of the Act the TPO is required to pass order...
(WRIT PETITION NO.2179 OF 2022) S. 147: Reassessment-After the expiry of four years-Valuation of equity shares-Share premium-Income from other sources-No failure to disclose material facts-Notice of reassessment and order disposing objection was quashed. [S. 56(2)(viib), 148, Art. 226] The reason for reopening of the assessment was the...