The Kerala High Court stated that burden of proof is on assessee to prove that he is entitled to capital gains tax exemption ...

In conclusion, the tribunal ruled in favor of India Thermit Corporation Ltd, reaffirming that scrutiny assessment proceedings under Section 143 (2) preclude further processing under Section 143 (1) (a ...

Delhi High Court held that initiation of re-assessment proceedings under section 148 of the Income Tax Act against merged company is invalid as company is dissolved after Scheme of Arrangement. Thus, ...