Recent Posts

Recent Posts

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Discussion / Re: Reopening- Internal audit mechanism
« Last post by Remdiron on September 06, 2017, 02:32:09 PM »
I'm sure the information you give is really valuable.
2
Discussion / Reopening on interoretation
« Last post by rajul5234 on August 30, 2017, 12:13:11 PM »
SCA 11877 / 2017. Cadila health care, GUJ H C Dt. 28/8/17

Held, reopening on same evidence for interpretation of provision not permissible.

R K Patel
3
Discussion / Penny stock and sebi penalty
« Last post by rajul5234 on August 30, 2017, 12:11:02 PM »
TA 631/2017, dated 28/8/17. Gautam Jhaveri GUJ H C

Held, Past penalty by SEBi has no relevance to evidence on record for year under consideration.

R K Patel
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Discussion / s.263 revision jurisdiction
« Last post by rajul5234 on August 24, 2017, 09:53:23 PM »
SCA 4036/2016. Dt. 21 7 22/8/17.  Micro inks

Gujarat high court held that s. 263 cannpt be invoked if AO has taken a plausible view on interpretation of ratio of SC decision.

R K Patel
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Discussion / s. 132A and seizure of cash
« Last post by rajul5234 on August 17, 2017, 11:36:18 AM »
Gujarat high court. SCA 20532 / 2015 dated 9/8/17
ITO (Investigation) vs. DSP & others

Held, In absence of requisition u/s 132A or crimainal case by police, seizure of cash by intercepting a vehicle is illegal.

R K Patel
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Discussion / s.245 I Finality
« Last post by rajul5234 on August 04, 2017, 11:09:22 AM »
TA 276/2017 B. Nanji. Guj H C. Dt 26/7/17

Held, s. 245 I attaches finality to taxing of an issue in dispute.
Taxation of another assessee as a right person thereafter cannot be a correct stand of revenue.  R K Patel
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Discussion / Reopening- Internal audit mechanism
« Last post by rajul5234 on July 31, 2017, 01:07:28 PM »
Gujarat high court. SCA 16232 / 2010. Dt. 24/7/17 Axis bank

Reopening at instance of internal audit opinion not sustainable if AO disagrees with the view but notice is issued under compulsion of higher authorities. CAG audit or internal audit department does not make any difference.
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Discussion / S. 179 order - natural justice principle
« Last post by rajul5234 on July 26, 2017, 07:45:09 AM »
Gujarat high court. SCA 9822/2017. Dt. 18/7/17, Susan Chako Perumal

Held, A show cause notice is a must in director's case prior to passing of order u/s 179(1).

R K Patel
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Discussion / s. 147 , 246, 251 - Reopening of assessment
« Last post by rajul5234 on June 26, 2017, 12:46:28 PM »
Gujarat high court. SCA 16644 / 2012, dated 14/6/17, Radha wami salt

Court struck down reopening considering change of opinion theory and also corelated s.246 , 251(1) and third proviso to s.147 for explaining merger of assessment order with appellate order.

R K Patel
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Discussion / Re: Reopening on basis of post assessment information
« Last post by rajul5234 on June 26, 2017, 12:42:46 PM »
Can get from gujarat high court website
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