Judgement

Reassessment held void ab initio as AO failed to dispose of objections before passing assessment order

Income Tax Reassessment Without Deciding Objections Held Void: ITAT

Tribunal finds no justification for using a later panchnama to extend limitation; holds Section 153A assessment invalid

Shriram Pistons &amp; Rings Ltd. has disclosed receiving a Rs. 74.24 lakh income tax penalty for AY 2020-21 over a disputed cess deduction.

Flair Writing Industries received a show cause notice for claiming excess Input Tax Credit for FY 2018-19 and plans to challenge it

Interarch Building Solution Receives Multiple Show Cause Notices Worth over Rs 1 Crore for availing ITC from Cancelled/Suspicious TaxPayer

The company had earlier received an assessment order and tax demand notice from the Assistant Commissioner of Profession Tax, Mumbai.