Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Where a faceless reassessment effectively operates as a best judgment assessment because the assessee does not comply with section 142(1) notices and does not adequately to section 144 show-cause notices, the Commissioner (Appeals) may set aside the matter and remit it for fresh assessment. The Tribunal noted that the proviso to section 251(1)(a), inserted from 1 October 2024, expressly permits such a remand in appeals against orders made under section 144. As additional evidence in the form of e-way bills had been filed and the assessee alleged inadequate opportunity, the remand was held proper. The Revenue's challenge failed and the remand order was upheld.
Where a faceless reassessment effectively operates as a best judgment assessment because the assessee does not comply with section 142(1) notices and does not adequately to section 144 show-cause notices, the Commissioner (Appeals) may set aside the matter and remit it for fresh assessment. The Tribunal noted that the proviso to section 251(1)(a), inserted from 1 October 2024, expressly permits such a remand in appeals against orders made under section 144. As additional evidence in the form of e-way bills had been filed and the assessee alleged inadequate opportunity, the remand was held proper. The Revenue's challenge failed and the remand order was upheld.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
