Bombay High Court orders de novo assessment in Pravir Polymers vs. ITO case, citing Rule 46A violation. Get insights on S. 254(2) rectification and due process.
Explore legal battle in Farzad Sheriar Jehani Vs ITO, analyzing assessment of long-term capital gains on a penny stock. Learn about tribunal’s decision and its implications.
Gujarat High Court rules in Amit Hospital Pvt Ltd vs PCIT, stating that Section 119(2)(b) applications can’t be rejected based on vague reasons for Income Tax Act, 1961.
The petitioner asserts that the draft assessment order, a prerequisite under Section 144B(xxi), was not provided, depriving them of the opportunity to contest and resulting in a substantial demand.
This article delves into regulatory uniformity, addressing challenges and the role of harmonization in fostering a resilient financial ecosystem.
Prepare for Customs Brokers Licensing Examination 2024 by Ministry of Finance. Computer-based test on 19.03.2024. Check www.cbic.gov.in for details. #FinanceExam #CustomsBroker
As of December 31, 2023, an outstanding 8.18 crore ITRs have been filed, marking a noteworthy year-on-year increase of 9% compared to corresponding period in previous fiscal year when 7.51 crore ITRs were filed.
