Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
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Consistency in the assessee's own case governed the treatment of alleged notional interest on advances to a subsidiary: the addition was deleted because the issue had already been decided in the assessee's favour on identical facts, and the Revenue showed no distinguishing fact or change in law for the year. Pendency of earlier Revenue appeals before the High Court did not, by itself, justify departure from the settled view. The note records that the notional interest addition was therefore upheld as deleted for the relevant year.
Consistency in the assessee's own case governed the treatment of alleged notional interest on advances to a subsidiary: the addition was deleted because the issue had already been decided in the assessee's favour on identical facts, and the Revenue showed no distinguishing fact or change in law for the year. Pendency of earlier Revenue appeals before the High Court did not, by itself, justify departure from the settled view. The note records that the notional interest addition was therefore upheld as deleted for the relevant year.
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