PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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Revision under section 263 is not warranted where the Assessing Officer has made specific enquiries, examined supporting documents, permissions and valuation details, and taken a view on a trust's advance to a specified person. The assessment was therefore not erroneous and prejudicial to the interests of the Revenue merely because the revisional authority wanted a further or different examination. The text further notes that the alleged charitable trust violation did not justify revision because the record showed full and proper enquiry into the transaction, so the revisional order was set aside.
Revision under section 263 is not warranted where the Assessing Officer has made specific enquiries, examined supporting documents, permissions and valuation details, and taken a view on a trust's advance to a specified person. The assessment was therefore not erroneous and prejudicial to the interests of the Revenue merely because the revisional authority wanted a further or different examination. The text further notes that the alleged charitable trust violation did not justify revision because the record showed full and proper enquiry into the transaction, so the revisional order was set aside.
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