Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
A liquidator's determination of security interest and distribution entitlements was treated as tentative, because it was read as flowing from an earlier order already under challenge. The Appellate Tribunal held that the statement could not be read in isolation as a final adjudication overriding the pending appeal, and that the observation on paragraph 45 was not conclusive. As the decision itself showed it was subject to the outcome of the pending appellate proceedings, no party could claim a definitive advantage from it at that stage. The appeal was closed subject to this clarification.
A liquidator's determination of security interest and distribution entitlements was treated as tentative, because it was read as flowing from an earlier order already under challenge. The Appellate Tribunal held that the statement could not be read in isolation as a final adjudication overriding the pending appeal, and that the observation on paragraph 45 was not conclusive. As the decision itself showed it was subject to the outcome of the pending appellate proceedings, no party could claim a definitive advantage from it at that stage. The appeal was closed subject to this clarification.
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