Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Reopening of assessment u/s 147 - Reassessment after expiry of four years and just prior to expiry of six years from the end of the relevant assessment year - outstanding sundry creditors - Assessee had demonstrated that in case of the present creditor also, repayment has been made. That being the factual position emerging on record, addition made by the assessing officer is unsustainable. - AT
Reopening of assessment u/s 147 - Reassessment after expiry of four years and just prior to expiry of six years from the end of the relevant assessment year - outstanding sundry creditors - Assessee had demonstrated that in case of the present creditor also, repayment has been made. That being the factual position emerging on record, addition made by the assessing officer is unsustainable. - AT
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TaxTMI 
TaxTMI 
