Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Intra-city transfer of a case between Assessing Officers falls within the statutory transfer power and does not require prior hearing where the officers are in the same city, locality or place. A valid transfer may be made at any stage of the proceedings and does not invalidate notices already issued. Once the transfer orders are in accordance with law, the transferee officer retains jurisdiction to continue and complete the assessment, and the assessment cannot be challenged solely for want of jurisdiction.
Intra-city transfer of a case between Assessing Officers falls within the statutory transfer power and does not require prior hearing where the officers are in the same city, locality or place. A valid transfer may be made at any stage of the proceedings and does not invalidate notices already issued. Once the transfer orders are in accordance with law, the transferee officer retains jurisdiction to continue and complete the assessment, and the assessment cannot be challenged solely for want of jurisdiction.
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