Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
The Tribunal upheld taxation under the concessional regime of section 115BAA and held that section 115JB could not be applied for the year in dispute. It accepted the first appellate authority's view that the assessee's option under section 115BAA was valid, and rejected the Revenue's objection based on the timing of filing Form 10-IC. The Tribunal also noted that the assessee had been processed under section 115BAA for three earlier years, and applied the principle of consistency to support the same tax treatment for the year under appeal. The Revenue's challenge was dismissed and the appellate relief was sustained.
The Tribunal upheld taxation under the concessional regime of section 115BAA and held that section 115JB could not be applied for the year in dispute. It accepted the first appellate authority's view that the assessee's option under section 115BAA was valid, and rejected the Revenue's objection based on the timing of filing Form 10-IC. The Tribunal also noted that the assessee had been processed under section 115BAA for three earlier years, and applied the principle of consistency to support the same tax treatment for the year under appeal. The Revenue's challenge was dismissed and the appellate relief was sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
