Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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Limitation for assessment under the amended timeline was upheld: the substituted second proviso to section 153(1) extended the time for passing the assessment order for AY 2020-21 to 30.09.2022, so an order dated 28.09.2022 was within time. In faceless assessment, service of a draft assessment order was held necessary only for an eligible assessee; for an ordinary assessee, disclosure through a show-cause notice satisfied the statute. The objection of denial of personal hearing failed because the notice permitted a video-conference hearing and no request was made. Merits-based objections involving disputed facts were left to the statutory appellate forum, and the writ petitions were dismissed with protection on limitation for appeals.
Limitation for assessment under the amended timeline was upheld: the substituted second proviso to section 153(1) extended the time for passing the assessment order for AY 2020-21 to 30.09.2022, so an order dated 28.09.2022 was within time. In faceless assessment, service of a draft assessment order was held necessary only for an eligible assessee; for an ordinary assessee, disclosure through a show-cause notice satisfied the statute. The objection of denial of personal hearing failed because the notice permitted a video-conference hearing and no request was made. Merits-based objections involving disputed facts were left to the statutory appellate forum, and the writ petitions were dismissed with protection on limitation for appeals.
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