Presumptive taxation under section 44AC: assessments to follow jurisdictional High Court rulings pending Supreme Court appeal. Conflicting High Court rulings on the scope and validity of section 44AC require assessors to follow the law of the jurisdictional High Court pending the Supreme Court appeal; where no such decision exists, assessors may apply section 44AC and refer to supportive precedents; stays on operation of the provision must be observed and timing extensions apply selectively; a register of cases affected by High Court decisions must be maintained for subsequent rectification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Presumptive taxation under section 44AC: assessments to follow jurisdictional High Court rulings pending Supreme Court appeal.
Conflicting High Court rulings on the scope and validity of section 44AC require assessors to follow the law of the jurisdictional High Court pending the Supreme Court appeal; where no such decision exists, assessors may apply section 44AC and refer to supportive precedents; stays on operation of the provision must be observed and timing extensions apply selectively; a register of cases affected by High Court decisions must be maintained for subsequent rectification.
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