Deputy Commissioner of Income Tax vs Sovereign Pharma Pvt Ltd, ITAT Pune

Can the AO open re-assessment on the basis of facts and documents which are already available?

Case: Deputy Commissioner of Income Tax vs Sovereign Pharma Pvt Ltd, ITAT Pune Listen to the case summary Deputy Commissioner of Income Tax vs Sovereign Pharma Pvt Ltd, ITAT Pune here Background: The Assessing Officer (AO) reopened the assessment four years from the end of the relevant assessment year and issued the notice under u/s … Continue reading Can the AO open re-assessment on the basis of facts and documents which are already available?

Tecnotree Convergence Lt d Bangalore vs Deputy Commissioner of Income Tax Circle-7(1)(1) Bangalore

Can a deduction u/s 10 A of the Act be denied if the application for extension of time to receive export sales proceeds is neither rejected nor accepted?

Case: Tecnotree Convergence Ltd Bangalore vs Deputy Commissioner of Income Tax Circle-7(1)(1) Bangalore, Banglore ITAT Listen to Tecnotree Convergence Ltd Bangalore vs Deputy Commissioner of Income Tax Circle-7(1)(1) Bangalore case summary and stay updated any time anywhere. Background:  The A/O denied deduction under Section 10A of the Income Tax Act to the assessee to extend the … Continue reading Can a deduction u/s 10 A of the Act be denied if the application for extension of time to receive export sales proceeds is neither rejected nor accepted?