Section 153

Assessment of income of third person under the Income Tax Act 3 min read

• Income Tax

Assessment of income of third person under the Income Tax Act

Rebecca Ghomes 8 years ago

Section 153C – Under this provision provides for the procedure for assessment of income of any other person. Section 153C (1) provides that notwithstanding anything... Read More

What if the Assessing Officer erred assuming jurisdiction under Section 153A of Income Tax Act? 5 min read

• Income Tax

What if the Assessing Officer erred assuming jurisdiction under Section 153A of Income Tax Act?

Rebecca Ghomes 8 years ago

Following a series of proceedings and subsequent discussions, the Honorable ITAT declared the assessment order passed u/s 143(3) r.w.s 153A of the Income Tax Act... Read More

Draft Assessment – Bombay High Court Judgment 2 min read

• Income Tax

Draft Assessment – Bombay High Court Judgment

Anuj Mathur 9 years ago

The draft assessment request on 30th March, 2015 was even with the choice for  the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More