Pune ITAT rules that
service of notice u/s. 143(2) on the manager of assessee-firm and not partners,
would not invalidate the assessment proceedings for AY 2010-11; Observes that
though the assessee had raised objection before the AO during the course of
assessment proceedings itself that the notice was not properly served, the
authorized representative (AR) of the assessee appearing before the AO gave his
‘no objection’ for furthering the assessment proceedings; ITAT remarks that
“the proviso to section 292BB of the Act, which was triggered by raising an
initial objection before the AO, was given a go by and got set to rest by the
ld. AR not objecting to such objection in terms of order sheet entry..”; ITAT
rules that once the proviso is held to be inapplicable, the main provision of
Sec. 292BB gets magnetized, which deems proper service of notice on assessee;
Further clarifies that once an assessee empowers his AR to appear in the income
tax proceedings and undertakes to ratify his acts, there is no need to ignore
any concession made by the ld. AR and personally call upon the assessee to make
concession in every case, distinguishes assessee’s reliance on SC ruling in
Himalayan Cooperative Group Housing Society on facts:ITAT
Subscribe to:
Post Comments (Atom)
Draft Income-tax Rules, 2026 - Key changes and brief overview
The Central Board of Direct Taxes (‘CBDT’) has released the Draft Income-tax Rules, 2026, along with accompanying Draft Forms, to operatio...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
01. No change in Income Tax rates, surcharge & cess. 02. Income tax Act 2025 effective from April 1, 2026. 03. Old regime tax ...
-
The Central Board of Direct Taxes (CBDT) released the Draft Income Tax Rules, 2026 on February 7, 2026. It has invited suggestions and opi...
-
01. The present employer contribution is restricted to 12%. 02. In the proposal the 12% limit removed 03. It means employer contri...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
At first glance, DGFT Public Notice No. 42/2025-26 appears to be a mundane update—just three new fields to populate on the electronic ...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
In a recent and noteworthy ruling, the Hon’ble Delhi Income Tax Appellate Tribunal has provided important clarity on the scope of appellat...
-
In a significant ruling that provides relief to taxpayers and clarifies the scope of the Goods and Services Tax (GST) law, the Nagpur Benc...
-
COMMON ERRORS OF GST PORTAL. 1. Error Code- 404- No documents found Error Category / Form- Download File request Error Massage – ...
No comments:
Post a Comment