Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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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.
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