Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The ITAT admitted additional grounds and, given the age of the assessee and the need for fairness, allowed one further opportunity to produce evidence on the source of investment in the foreign property, mortgage repayments, and residential status at the time of acquisition and repayment. It noted that the existing material did not conclusively establish the assessee's claim that the property was bought while non-resident from overseas earnings and mortgage finance, but it expressly declined to decide the factual merits or legal objections. The appellate order was set aside and the matter was restored to the CIT(A) for de novo adjudication, with all contentions left open.
The ITAT admitted additional grounds and, given the age of the assessee and the need for fairness, allowed one further opportunity to produce evidence on the source of investment in the foreign property, mortgage repayments, and residential status at the time of acquisition and repayment. It noted that the existing material did not conclusively establish the assessee's claim that the property was bought while non-resident from overseas earnings and mortgage finance, but it expressly declined to decide the factual merits or legal objections. The appellate order was set aside and the matter was restored to the CIT(A) for de novo adjudication, with all contentions left open.
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