Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
Income escaping assessment - Where AO in the original assessment...
High Court Upholds Reassessment After AO's Oversight on Unconfirmed Creditors in Income Escaping Assessment Case u/s 41(1.
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Income TaxJanuary 17, 2012Case LawsHC
Income escaping assessment - Where AO in the original assessment order,made an addition u/s 41(1) but not in respect of other unconfirmed creditors - This was a factual lapse, which was pointed out in the audit objection and then examined by the authorities. - reassessment upheld .... - HC
Income escaping assessment - Where AO in the original assessment order,made an addition u/s 41(1) but not in respect of other unconfirmed creditors - This was a factual lapse, which was pointed out in the audit objection and then examined by the authorities. - reassessment upheld .... - HC
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