Income escaping Assessment u/s 147/148 - mere attachment of ...

High Court: Attaching Income Computation and Claiming Section 54EC Exemption Isn't Full Disclosure for Sections 147/148.

December 18, 2011

Case Laws Income Tax HC

Income escaping Assessment u/s 147/148 - mere attachment of computation of income with the return and claiming exemption u/s 54EC in the computation can not be held as full and proper disclosure by the assessee .... - HC

View Source

← Previous Next →

Income escaping Assessment u/s 147/148 - mere attachment of ...

High Court: Attaching Income Computation and Claiming Section 54EC Exemption Isn't Full Disclosure for Sections 147/148.

December 18, 2011

Case Laws Income Tax HC

You may also like:

Notification on Income Computation and Disclosure Standards (ICDS) - ICDS notified in 2015 rescinded - Notification

Order of settlement u/s 245D(1) - full and true disclosure in application filed u/s 245C(1) - once the assessee approached settlement Commission with a certain amount,...

Disclosure of additional income before settlement commission u/s 245C(1) - whether for every year mentioned in the application there should be a disclosure? -...

Rejection of application for settlement of the Case - full and true disclosure of the income - the manner in which such income has been derived - Section 245(C) of the...

The Income Tax Settlement Commission (ITSC) has wide powers under Chapter XIX-A to examine and evaluate all aspects of an application for settlement, including calling...

HC quashed Tribunal's order regarding reopening of assessment based on alleged non-disclosure of unabsorbed investment allowance. The Tribunal erroneously concluded that...

Settlement of a Case - receipt of the application u/s 245C(1) - Procedure u/s 245D - Whether full and true disclosure of income while making application under Section...

Reopening of assessment - reason to believe - The Court evaluates the concept of "true and full disclosure" as mandated by Section 147, considering relevant legal...

ITAT affirmed that insurance companies are eligible for exemptions under sections 10(38), 10(15), and 10(34) for profits from sale of shares/securities, interest on...

Settlement of case - full and true disclosure - failure to disclose certain income - taking into consideration the spirit and mandate of the provisions contained in...

Clarifications on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2) of the Income-tax Act, 1961 - ICDS applicable w.e.f. FY 2016-17

Income Tax - Rebate u/s 87A - Benefit of full exemption from Income is extended where the total income is not exceeding Rs. 7 lakhs as computed under the New Tax Regime...

Exemption u/s 11 - claiming benefit of accumulation u/s 11(2) over deemed income u/s 11(3) - non application of income - the assessee should not be eligible to claim...

The HC upheld the rejection of petitioner's application for compounding an offense under Section 137 of the Customs Act, 1962. The court determined that compounding...

Validity of Reopening of assessment u/s 147 - The order of learned Judge suggesting that the question of whether there was true and full disclosure is still open, again...

Quick Updates: