New Law Minister Is An Experienced Administrator
Capable Of Solving Woes
Shri. Sadananda Gowda has practiced as a Public Prosecutor and is well aware
of the problems plaguing the judiciary. In his previous roles, he has
demonstrated a strong desire to solve problems. We are confident that he will
spearhead important changes in the Judiciary.The Bar Association shall shortly approach the Hon’ble Law Minister with a request that the following long-standing issues raised by the Bar be addressed at the earliest:
Mohan Manoj Dhupelia vs. DCIT (ITAT Mumbai)
Information received
by the AO that the assessee is a beneficary in a "discretionary"
trust set up in Liechtenstein can form the basis of assessment of undisclosed
income in the assessee's hands. Argument that the trust is
"discretionary" and that the amount has not "accrued" to
him or that the documents are "not corroborated" is not acceptable (i) There is no substance in the assertion of the assessee that the reopening of assessment was bad, without following the due process of law or violation of principle of natural justice. The assessment was reopened because a tax-evasion petition (TEP) has been received from CBDT that the assessee is a beneficiary of Ambrunova Trust […]
Ganpatraj A Sanghavi vs. ACIT (ITAT Mumbai)
Purchases cannot be
treated as bogus solely on the ground that suppliers are not traceable if the
assessee has paid by a/c payee cheques and produced the income-tax and
sales-tax documents and bank statements of the suppliers (i) A perusal of the orders passed by the tax authorities would show that they have suspected the genuineness of the purchases only for the reason that the above said five parties were not available in the given addresses. It is pertinent to note that the AO himself, during the course of remand proceedings, have […]
No comments:
Post a Comment