Department is not bound to accept the request of the assessee to issue summons u/s 131 to third party for verification of certain transactions

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..... Department is not bound to accept the request of the assessee to issue summons u/s 131 to third party for verification of certain transactions - Commentaries / Editorials Dated:- 27-5-2009 - News - .....

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..... In the a recent case ( 2009 -TMI - 33591 - DELHI HIGH COURT ), honorable High Court of Delhi has observed that; - The responsibility for maintaining proper accounts rests exclusively with .....

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..... the petitioner. - This is not a case where the petitioner had either filed confirmation or made available the books of accounts maintained by St. Kabir Modern School and Holy Convent Senior Se .....

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..... condary School. - It is the petitioner's case that these books of accounts must be summoned by the Department. - This would indeed be a very dangerous precedent fraught with possibilit .....

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..... ies of harassment at the behest of the assessee, if, without any foundation the Department insists on a third party to produce its books of accounts. - It is this aspect of the case which has .....

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..... persuaded us not to exercise the extraordinary powers vested in us under Article 226 of the Constitution . Whether or not there has been an infraction of the Affiliation Bye-laws is altogether a di .....

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..... fferent point. (For full text of judgment - visit: 2009 -TMI - 33591 - DELHI HIGH COURT ) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxman .....

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..... agementindia.com - TMI - TaxTMI - TMITax .....

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