Application of Section 14A r.w.rule 8D - whereas in the earlier ...

Court Addresses Section 14A with Rule 8D: Consistency in Tax Assessments Requires Strong Reasons for Change.

May 9, 2017

Case Laws Income Tax SC

Application of Section 14A r.w.rule 8D - whereas in the earlier years AO did not make any disallowance - While it is true that the principle of res judicata would not apply to assessment proceedings under the Act, the need for consistency and certainty and existence of strong and compelling reasons for a departure from a settled position has to be spelt out which conspicuously is absent in the present case - SC

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Application of Section 14A r.w.rule 8D - whereas in the earlier ...

Court Addresses Section 14A with Rule 8D: Consistency in Tax Assessments Requires Strong Reasons for Change.

May 9, 2017

Case Laws Income Tax SC

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