ITAT Ahmedabad Decides: Can an assessment proceeding be initiated against a company which has ceased to exist?

Case Name: Amit Inter-trade Pvt. Ltd. v. DCIT Forum: ITAT Ahemdabad Members: Rajpal Yadav, Wasim Ahmed Background Assessee is a private limited company which filed its return declaring NIL income. The assessee company (Amit inter-trade Pvt. Ltd.) got merged with J.P. Iscon Ltd. with effect from April 1, 2014. The AO issued a notice under … Continue reading ITAT Ahmedabad Decides: Can an assessment proceeding be initiated against a company which has ceased to exist?

ITAT Ahmedabad Decides: Can approval granted u/s 151 without mentioning the date on which approval granted reckoned to be valid?

Case Name: AMRUTBHAI G PRAJAPATI vs ITO, WARD-1 Forum: Ahmedabad ITAT Background AO issued notice u/s 148 of the Act on 27.03.2015 followed by notice u/s 142(1) on 22.06.2015.The assessee filed the return of income on 05.01.2016 in response to notice under section 148 of the Act.On obtaining approval and memo u/s 151 it is … Continue reading ITAT Ahmedabad Decides: Can approval granted u/s 151 without mentioning the date on which approval granted reckoned to be valid?

Bell ceramics (Orient Bell Limited) – Part 2

Case: Bell ceramics (Orient Bell Limited) – Part 2, ITAT Surat Issue: If the raw material is measured in weight and the finished product is measured in volume, can the AO convert the product metric from volume to weight to check for excess usage of raw material? This case has multiple issues, and this case summary relates … Continue reading Bell ceramics (Orient Bell Limited) – Part 2