Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Reassessment against a converted non-existing firm was jurisdictionally defective where no notice under section 148 was issued to the successor company and the proceedings were continued in the erstwhile firm's name. The HC also held that mandatory faceless assessment procedure was breached because no draft assessment order was issued under section 144B and a final order was passed directly. The reassessment order, demand notice and penalty notices were quashed, with liberty to proceed afresh in accordance with law after curing these defects.
Reassessment against a converted non-existing firm was jurisdictionally defective where no notice under section 148 was issued to the successor company and the proceedings were continued in the erstwhile firm's name. The HC also held that mandatory faceless assessment procedure was breached because no draft assessment order was issued under section 144B and a final order was passed directly. The reassessment order, demand notice and penalty notices were quashed, with liberty to proceed afresh in accordance with law after curing these defects.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
