An UPDATE: Look Up @http://www.itatonline.org/info/cbdt-modifies-format-of-statutory-scrutiny-notice-issued-us-1432-of-the-income-tax-act/
Considered worth drawing attention to a judgment of Del. HC http://itatonline.org/archives/indu-lata-rangwala-vs-dcit-delhi-high-court/
for info., and further study
i think it is a quagmire of interpretation of
statutes r/w constitutional cum taxation jurisprudence. Tax payers are subjected to simple harassment by the government revenue.
some slow cycle theory in tax ing laws seems emerging. tks
Rider: To know more:suggest to read the posted comments on- http://itatonline.org/…/khubchandani-healthparks-pvt-ltd-v…/; shared on Facebook as well.
To update : Attention must be drawn to HC judgment in Khubchandani Healthparks Pvt. Ltd's case.As held,rightly so,Revenue has wrongly cited SC judgement in Zuari Estate...case, as a ‘Precedent’ to support its erroneous stance.
For a possible different line of reasoning,read the article, in CA Journal Nov 2015 Issue pg.709
A good law case provided.
Correction (of error in Display):
in PARA. 5.3. the title of published article be corrected and read, - LAW and ('vs'?) CASE LAW On “FLATS” – A Critical Analysis.
For required Hyperlinks look up this write-up shared on Facebook.
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