Learn why a reassessment notice issued under Section 148 beyond the four-year period from the end of the relevant assessment year is deemed invalid, with insights from a recent ITAT decision.
Kuna Impex Pvt. Ltd. vs. DCIT – ITAT Ahmedabad allowed assessee’s appeal, holding that assessee had provided sufficient details regarding identity and creditworthiness of shareholders.
Explore the case of Snapdeal Ltd. vs. ACIT, involving a dispute over the tax treatment of business promotion expenses. Detailed analysis of ITAT Delhi’s decision provided.
ITAT upholds PCIT’s decision on erroneous assessment orders in tax evasion case. Changela’s appeals dismissed as inadequate inquiries led to erroneous orders.
