[aaykarbhavan] No reassessment for alleged non-disclosure of sum earmarked under sec. 11(2) if it was disclosed during assessment June 25, 2014[2014] 45 taxmann.com 514 (Gujarat) IT: Where reasons themselves did not indicate anywhere that assessee had not truly and fully disclosed all material facts nor had any material brought to reveal such non-disclosure in respect of sum set apart by assessee charitable trust under section 11(2), notice under section 148 would be invalid

Failure to maintain books of account would bar assessee to claim min. exemption benefit from undisclosed income

June 25, 2014[2014] 45 taxmann.com 435 (Punjab & Haryana)

IT : In block assessment, assessee shall not be entitled to exclude basic exemption granted under section 139(1) without satisfaction of Assessing Officer regarding genuineness of books of account or other documents in respect of his income

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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