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Thursday, October 31, 2013
Sec.271 of INCOME TAX ACT = The AO has to initiate penalty proceedings when he found difference between the reported and assessed income - No separate reasons not necessary to record whether to intiate proceedings or not - but the burden lies on the assessee to give suffcient reasons for show cause notice and the burden shift on the Ao then he has to given reasons for imposing penalty = MAK Data P. Ltd. … Appellant Versus Commissioner of Income Tax-II … Respondent = http://judis.nic.in/supremecourt/filename=40925
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Sec.271 of INCOME TAX ACT = The AO has to initiate penalty proceedings when he found difference between the reported and assessed income ...
Civil court has no jurisdiction against the properties covered under Securitisation Act. = Jagdish Singh …….. Appellant Versus Heeralal and others ……. Respondents - http://judis.nic.in/supremecourt/filename=40924
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Civil court has no jurisdiction against the properties covered under Securitisation Act.= Section 13, as already indicated, deals wit...
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