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?
As we highlighted in an earlier article, there is a big burden of disputes on our economy. The government does realise this, and routinely takes measures to curb the problem. In this article, we will look at three measures in particular. Data used for analysis: The impact is calculated based on data from Income Tax Appellate … Continue reading Effect of Tax-Effect