Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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Reassessment jurisdiction was upheld because the earlier scrutiny proceedings had already been dropped pursuant to CBDT directions, and the assessee's participation without objection attracted deemed service of notice under section 292BB. The addition for unexplained money was deleted, as earlier cash withdrawals shortly before the redeposit in the same bank account were treated as an available source and the contrary inference was found conjectural. The claim for indexed cost of improvement on sale of house property was remanded for fresh verification, with direction to allow the construction cost if proved. Penalties were adjusted consequentially: the penalty linked to the deleted addition was vacated, the penalty linked to the sustained addition was upheld, and the penalty on the remanded issue was set aside subject to fresh proceedings.
Reassessment jurisdiction was upheld because the earlier scrutiny proceedings had already been dropped pursuant to CBDT directions, and the assessee's participation without objection attracted deemed service of notice under section 292BB. The addition for unexplained money was deleted, as earlier cash withdrawals shortly before the redeposit in the same bank account were treated as an available source and the contrary inference was found conjectural. The claim for indexed cost of improvement on sale of house property was remanded for fresh verification, with direction to allow the construction cost if proved. Penalties were adjusted consequentially: the penalty linked to the deleted addition was vacated, the penalty linked to the sustained addition was upheld, and the penalty on the remanded issue was set aside subject to fresh proceedings.
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