CA Vacancy in Myntra
The Myntra invited applications for the post Deputy Director - Business Finance (Growth & Marketing) Qualifications Qualified CA /...
Merely because Books of Account were available to AO not Reason for Triggering Reassessment Proceedings: Delhi HC [Read Order]
In a significant decision the Delhi High Court observed that merely because books of account were available to the Assessing Officer (AO) is not valid reason for triggering reassessment proceedings. ...
Penalty Proceedings u/s 271AAB(1A) is not Mandatory and can't be initiated by AO without Specifying Default of Assessee: ITAT
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty proceedings under Section 271AAB(1A) of the Income Tax Act, 1961 is not mandatory and cannot be initiated by the...
Carry Forward of Business Loss and set off against profit shall be decided by AO who deals with assessment concerning Subsequent Year: Delhi HC [Read Order]
In a significant case, the Delhi High Court held that the carryforward of business loss and set off against profit should be decided by Assessing Officers (AO) dealing with the assessment concerning...
![Carry Forward of Business Loss and set off against profit shall be decided by AO who deals with assessment concerning Subsequent Year: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Business-Loss-profit-assessment-concerning-Subsequent-Year-Delhi-High-Court-Assessing-Officer-taxscan.jpg "Carry Forward of Business Loss and set off against profit shall be decided by AO who deals with assessment concerning Subsequent Year: Delhi HC [Read Order]")
Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]
In a recent case, the Delhi High Court, while allowing the writ petition, held that material considered in prior reassessment proceedings should not be the subject matter of reassessment in fresh...
![Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Material-Reassessment-Proceedings-Delhi-High-Court-writ-petition-Fresh-Proceedings-taxscan.jpg "Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]")