Friday, May 9, 2014

No reassessment when assessee had filed return before wrong AO.



Where assessee was subjected to search operations and he filed returns of income before his original Assessing Officer, who accepted same, and subsequently Assistant Commissioner (Investigation) sought to reopen completed assessments on sole ground that assessee had filed returns with his original Assessing
Officer with mala fide intentions, since in affidavit filed by department nothing had been pointed out to show that assessee with mala fide intentions filed returns before his original Assessing Officer, reopening of assessment was not sustainable

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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...