CIT vs. Continental Warehousing Corporation (Bombay High Court)
S. 153A: No addition can be made in respect of an unabated assessment which has become final if no incriminating material is found during the search. An ICD is an "infrastructural facility" for s. 80-IA(4)
Once it is held that the assessment has attained finality, then the AO while passing the independent assessment order under Section 153A read with Section 143 (3) of the I.T. Act could not have disturbed the assessment / reassessment order which has attained finality, unless the materials gathered in the course of the proceedings under Section 153A of the Income-tax Act establish that the reliefs granted under the finalised assessment/ reassessment were contrary to the facts unearthed during the course of 153A proceedings
CBDT Order On Transfers & Postings Of Pr. CCIT, CCIT And DGIT
Vide Order No. 60 of 2015 dated 08.05.2015 the CBDT has ordered the transfers and postings of several officers in the grade of Principal Chief Commissioner of Income-tax, Chief Commissioner of Income-tax and Director General of Income-tax with immediate effect and until further orders
Regards,
Editor,
---------------------
Latest:Chennai Properties & Investments Ltd vs. CIT (Supreme Court)
S.22/28: Law on whether income from letting of properties is assessable as "business profits" or as "Income from house property" explained
No comments:
Post a Comment