Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
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.
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