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...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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Reassessment under section 148A requires the AO to verify the information, disclose the material and inquiry results to the assessee, consider the reply, and record a reasoned view before reopening. Where the notice was based on vague Investigation Wing inputs alleging bogus purchases, without identifying the disputed invoices or supplying supporting material, the Tribunal found no independent application of mind and held the reopening bad in law. On the merits, the assessee produced GST returns, bills, e-way bills, lorry receipts, ledger and bank evidence, while corresponding sales were accepted; in the absence of any defect or proof of grey-market sourcing, the addition for unexplained expenditure was deleted.
Reassessment under section 148A requires the AO to verify the information, disclose the material and inquiry results to the assessee, consider the reply, and record a reasoned view before reopening. Where the notice was based on vague Investigation Wing inputs alleging bogus purchases, without identifying the disputed invoices or supplying supporting material, the Tribunal found no independent application of mind and held the reopening bad in law. On the merits, the assessee produced GST returns, bills, e-way bills, lorry receipts, ledger and bank evidence, while corresponding sales were accepted; in the absence of any defect or proof of grey-market sourcing, the addition for unexplained expenditure was deleted.
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