Case Laws Discussion

It often happens that assessing officer issues notice u/s 148 for reassessment . These notices for reassessment , almost always, do not contain any...

Penalty imposition by assessing officer in a case selected for scrutiny after conducting survey u/s 133A is routine affair. However, times and gains ,...

It is routine for the assessing officer  to refer the valuation of a property to DVO during the assessment proceeding. As is the norm,...

It is clear that agriculture land does not come within purview of section 194LA of the Income Tax Act .However, when the interest is...

The casual shipping business income of non-residents are charged to tax under Section 172 of the Income Tax Act which apply for the purpose...

The income tax department losses most of its appeal cases before ITAT or High Court.s Even though major reason for such loss is bad...

Section 172 is the presumptive taxation scheme for Non Residents who have causal  income from shipping business under which a ship is not let...

The education cess  was introduced from Assessment Year 2005-06 vide Finance Act 2004 by which an additional tax was imposed computed on the basis...

Penalty u/s 271(1)© of the Income Tax Act is initiated  by assessing officer , usually when he makes addition while computing total income in...