Friday, March 2, 2012

Time Limit for issuance of notice u/s 201

Assessee in default - Time limitation - issuance of notice u/s 201 after a period of 4 years - though there is no period of limitation prescribed for exercise of that power, still such a power must be exercised within reasonable time - HC
Commissioner of Income-tax (TDS), Chandigarh Versus H.M.T. Ltd. - High Court

No comments:

Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

  This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...