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- A court will relegate a taxpayer to file a statutory appeal instead of hearing a writ petition, but may grant an extended time to file that appeal.
- A Commissioner cannot initiate revision proceedings under Section 263 to review an Assessing Officer’s order if an appeal against that same order is already pending before the Commissioner (Appeals).
- Reassessment notices must be issued in a faceless manner after April 1, 2021.
- An AO can’t reject a consistently followed, recognized method of accounting.
- Reassessment is valid if it’s based on specific information about bogus purchases.
- A write-off of accrued interest income is an allowable bad debt, provided that the interest was offered to tax in a previous year.
- An assessment order that is passed in the name of a non-existing company that has already merged with another entity is a legal nullity and is void from the beginning.
- Provisional sanction of refund claims on the basis of identification and evaluation of risk by the system
- Reclaim ₹75,000 Cr in Unclaimed Deposits Nationwide Drive Launched by Finance Minister
- Google has just released Gemini Robotics-ER 1.5
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