#section 143(2)
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2,479 articlesIncome Tax

Income Tax
ITAT Quashes Reassessment Order Due to Non-Issue of Notice
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Income Tax
Rectification order u/s 154 quashed in absence of mistake apparent on record
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Income Tax
Penalty u/s 271(1)(c) of Income Tax Act not imposable in absence of willful concealment
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Income Tax
Addition u/s 69 sustained on failure to furnish explanation regarding cash deposited in bank accounts
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Claim of capital loss by furnishing of revised return is unsustainable
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Income Tax
Rejection of books of accounts merely because of lower gross profit rate is unsustainable
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Income Tax
Disallowance u/s 14A against Expenses for Exempt Income, Not Taxable Income
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Income Tax
Mere Non-receipt of confirmation from sundry creditors cannot result into addition
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Addition u/s 69A for cash deposited during demonetization untenable as transaction duly explained
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Income Tax
Deduction u/s 80G duly allowable even if expense is incurred for CSR
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Estimate of cost by Departmental Valuer cannot constitute concealment hence penalty u/s 271(1)(c) not leviable
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Income Tax
Order passed u/s 148A(d) would remain subject to order to be ultimately passed in reassessment proceeding u/s 148
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Income Tax
Provisions of section 14A r.w.r. 8D cannot be invoked in absence of any exempt income
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Income Tax
