Register Price / Packages DEMO Option My Bookmarks Daily Newsletters Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Unexplained cash credit u/s 68 - onus to prove...     TaxTMI    Validity of Show Cause Notice and the consequential...     TaxTMI    Regular Approval u/s 80G(5) - Constitutional...     TaxTMI    Settlement applications u/s 245C (1) - “full and...     TaxTMI    Attachment order - SCN was not uploaded on the...     TaxTMI    Validity of assessment order of GST demand -...     TaxTMI    Condonation of delay in filing returns - due to...     TaxTMI    Carry forward of excess payment of tax as ITC for...     TaxTMI    Refund of service tax on Ocean Freight - Precedents...     TaxTMI    Violation of principles of natural justice -...     TaxTMI    Quantification of pre-deposit of 20% before filing...     TaxTMI    Validity of action taken by the GST officers in...     TaxTMI    Eligibility for Composition scheme - ice-cream -...     TaxTMI    Seeking reimbursement of GST amount paid by the...     TaxTMI    Condonation of delay in filing an appeal before the...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Validity of reopening of assessment - unexplained bank deposits ...

Income Tax

February 19, 2021

Validity of reopening of assessment - unexplained bank deposits - A.O. has recorded incorrect, wrong and non-existing reasons in the reasons recorded for reopening of the assessment reproduced above and have also did not apply his mind to the information received from REIC - reopening of the assessment is illegal and bad in Law and liable to be quashed - AT

View Source

 

← Previous Next →

 

You may also like:

  1. Reopening of assessment u/s 147 - Unexplained loan - There were no justification for the A.O. to record non-existing, incorrect and wrong facts in the reasons for...

  2. Reopening of assessment - based on Investigation Wing report - apparently wrong facts in reasons - No primary independent enquiry - non-application of mind - notice u/s...

  3. Reopening of assessment u/s 147 - A.O. has recorded incorrect, wrong and non-existing reasons for reopening of the assessment and also failed to verify the information...

  4. Reopening of assessment u/s 147 - In case incorrect, wrong and non-existing reasons are recorded by the A.O. for reopening of the assessment and A.O. failed to verify...

  5. Validity of reopening of assessment - notice against non existent entity / amalgamated company - Notices issued.

  6. Validity of reopening of assessment u/s 147 - Unexplained cash deposit in the bank account - Apparently, the explanation given by the assessee has been rejected without...

  7. Validity of reopening assessment - unexplained investment - survey u/s 133A - the vague statements giving estimated details without supporting evidence would not help...

  8. Validity of reopening of assessment - Reasons were recorded by the Assessing Officer in an arbitrary manner and there is no application of mind by the AO. For example,...

  9. Unexplained cash deposits in Bank account - The explanation given by assessee cannot be simply rejected when he states that he encashed the traveler cheques and...

  10. Validity of reopening of assessment - It is well settled Law that validity of the reassessment proceedings is to be judged with reference to the reasons recorded for...

 

Quick Updates:Latest Updates

F: Man power supply to Poultry Farm - Taxable or exempt
F: iterest liability
N: Seeks to extend the due date for filing of FORM GSTR-1, for the month ...
N: State Government notifies special procedure by a registered person eng...
H: Inclusion of gender specific infrastructure facilities - The Trade Not...
H: The Ministry of Finances recent notification amends the FEMA (Non-debt...
H: Adjustments in Excise Duty for Petroleum Crude: Notification No. 12/20...
H: Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold ...
H: Export of Onions to Sri Lanka and UAE. - The issuance of Notification ...
H: The Notification No. 06/2023 issued by the DGFT imposes port restricti...
H: Special procedure by a registered person engaged in manufacturing of t...
H: Service of SCN - Breach of principles of natural justice - intimation ...
H: Rectification petition - Validity Of Order passed - discrepancy betwee...
H: Validity of assessment order - Violation of Stay Order against the ope...
H: Denial of Input Tax Credit (ITC) - Proof of movement of Goods (E-way b...
H: Validity Of Order passed u/s 73 of the Central Goods and Services Tax ...
H: Validity of Communication over Email - The petitioner claims that noti...
H: Validity Of assessment order passed - SEZ unit - Supply of services wi...
H: Maintainability of Writ Petition since GST Appellate Tribunal not cons...
F: Section 16(4)
A: REJECTION OF APPLICATION FOR INSOLVENCY RESOLUTION PROCESS OF PERSONAL...
A: Right to personal hearing and Right to object the SCN cannot be compro...
N: Foreign Exchange Management (Non-debt Instruments) (Third Amendment) R...
F: Section 73(11)
N: Amendment in Notification No. CCT/26-2/2018-19/64/1825 dated the 25th ...
N: Seeks to rescind Notification No. S.O. 261 dated the 05th October 202
N: Seeks to extend the due date for filing FORM GSTR-1 for the month of M...
A: Optimizing Efficiency: The Crucial Role of Integrating Inventory Accou...
A: REPAYMENT PLAN IN INSOLVENCY RESOLUTION PROCESS OF PERSONAL GUARANTORS...
A: If an Assessee deposits all taxes, interest, etc. and complies with ot...