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AO Fails To Scrutinize Cash Payments By Assessee Under Lens Of Sec 40A; Indore ITAT Upholds Revisional Interference U/s 263

On finding a lack of inquiry on the part of AO in allowing cash sales, which renders the assessment order erroneous so far as it is prejudicial to the interests of revenue, the Indore ITAT upheld . ....

Anil Khandelwal , Vijay Pal Rao , Judicial Member , Manish Borad , Accountant Member , Income Tax Rules , Indore Itat , Flash Sales , Ssessment Order , Disallowance Us 40a 3 Of The Income Tax Act , R Cit , Section 263 , Rule 6dd Of The Income Tax Rules , Crutiny Assessment ,

Assessment By AO Can't Be Termed As Prejudicial To Interest Of Revenue If It Doesn't Result In Any Loss To Revenue: Indore ITAT

On finding that the facts of the case do not warrant application of section 263 of the Income Tax Act, the Indore ITAT set aside the revision order passed by PCIT and restored the original . ....

Madhya Pradesh , Vijay Pal Rao , Manoj Fadnis , Honble Rajasthan High Court , Judicial Member , Accountant Member , Hon Ble Rajasthan High , Indore Itat , Ection 263 Of The Income Tax Act , Set Aside The Revision , Restored The Original Assessment Order , Nterest Of Revenue , Xcess Stock , Section 69 69a 115bbe ,

Erroneous focus on altering the Constitution

AFTER much thought and research, I am convinced the recent kerfuffle over amending or revising the Constitution is so misplaced I m close to using the adjective mindless that its hidden goal, as it was when President Fidel Ramos first tried it, is merely to establish a parliamentary system that would be a venue for House Speaker Ferdinand Martin Romualdez s ascension to power. ....

Republic Of , Fidel Ramos , Ferdinand Martin Romualdez , President Fidel Ramos , House Speaker Ferdinand Martin Romualdez ,

Popular coffee shop removes 'erroneous' signage on senior citizen, PWD discounts

MANILA, Philippines: A popular coffee shop told lawmakers on Wednesday that it had removed the erroneous signage related to the discount for senior citizens and persons with disabilities (PWDs). ....

Starbucks Coffee Philippines ,

Northeastern sends erroneous acceptance letters to applicants

A similar error also happened last year at the same university. ....

Northeastern University , United States , Acceptance Letters ,