Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
A writ petition challenging search, seizure, suspension of registration, bank attachment and related proceedings was not entertained because the controversy had already moved to the final adjudication orders under the statute. Once those final orders were passed, the petitioners were required to pursue the appellate remedy, where the same grounds remained available. The Court also noted that no appeal could be treated as pending because the stated appeal had not satisfied the statutory pre-deposit requirement. In these circumstances, there was no basis to invoke writ jurisdiction again over the same subject matter, and the petition was dismissed with liberty to challenge the final orders in appeal.
A writ petition challenging search, seizure, suspension of registration, bank attachment and related proceedings was not entertained because the controversy had already moved to the final adjudication orders under the statute. Once those final orders were passed, the petitioners were required to pursue the appellate remedy, where the same grounds remained available. The Court also noted that no appeal could be treated as pending because the stated appeal had not satisfied the statutory pre-deposit requirement. In these circumstances, there was no basis to invoke writ jurisdiction again over the same subject matter, and the petition was dismissed with liberty to challenge the final orders in appeal.
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