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Kapil Goel (fca,llb)

Latest Posts by Kapil Goel (fca,llb)

Delhi HC Quashes Section 148 Notices Due to Approval by Incompetent Authority under Taxation & Relaxation Law

September 29, 2024 1641 Views 0 comment Print

Delhi High Court quashes notices issued under Section 148 due to lack of sanction from competent authority, emphasizing compliance with tax laws.

Non-Furnishing of Section 151 Approval Reasons Fatal to Reopening: SC

September 29, 2024 1296 Views 1 comment Print

Supreme Court rules non-furnishing of approval under Section 151 fatal for reassessment, affirming Delhi High Court’s decision in ITO Vs Tia Enterprises Pvt. Ltd.

Section 148 Notice Invalid; Should Have Followed Faceless Regime: Section 151A

May 3, 2024 20964 Views 1 comment Print

Detailed analysis of Bombay High Court’s ruling on Hexaware Technologies Ltd vs ACIT. Invalid notice under Section 148 scrutinized. Time limitation, violation of CBDT Circular, faceless regime, jurisdictional conditions, change of opinion, and more explored.

Notes of account do form part of Balance Sheet: Supreme Court

April 25, 2024 17319 Views 0 comment Print

Dive into the recent Supreme Court judgment on State of Bihar & Ors vs Ziqitza Health Care Ltd., highlighting the significance of explanatory notes in balance sheets.

Bombay HC Quashes AY 2013-14 Notices Post 31-03-2021, Rules TOLA Not Applicable

January 16, 2024 10911 Views 0 comment Print

The Bombay High Court recently delivered a significant judgment in the case of New India Assurance Company Limited Vs ACIT, reshaping the landscape of tax law.

PCIT Central not competent authority u/s 12AB(1) to pass order on registration of Trust

January 9, 2024 2967 Views 0 comment Print

The recent ruling by the Delhi ITAT in the case of Aggarwal Vidya Pracharni Sabha vs. PCIT has brought to light significant issues regarding the jurisdictional authority in registration cancellation under Section 12AB(4). The order, dated 08.01.2024, has declared the cancellation by PCIT Central as without jurisdiction.

No Denial of Concessional Tax Rate Due to Technical Glitch on ITBA portal

October 23, 2023 924 Views 0 comment Print

Explore the recent Gujarat High Court judgment in PCIT Vs KGY Glass Industries (P) Ltd regarding the denial of concessional tax rate due to a technical glitch in filing Form 10-IC under section 115BAA for AY 2020-21.

Invalid Reasons: Gujarat HC Quashes Assessment Reopening

October 11, 2023 1221 Views 0 comment Print

Gujarat High Court invalidates assessment reopening due to lack of nexus between petitioner and unsecured loans. Detailed analysis and conclusions.

ED Must Furnish Arrest Grounds in Writing: SC

October 5, 2023 10836 Views 0 comment Print

In a landmark decision, SC directs Directorate of Enforcement (ED) to provide written grounds of arrest, criticizing ED’s conduct as arbitrary & vindictive.

Subsequent Intimation of DIN without quoting It on Body of Assessment Order Is Invalid

September 28, 2023 10032 Views 0 comment Print

Learn about Harish Gupta Vs DCIT case at ITAT Delhi where subsequent intimation of DIN number without quoting it on assessment order is deemed invalid.

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