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...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law.
Under the statutory scheme for draft assessments, filing objections before the Dispute Resolution Panel requires the Faceless Assessing Officer to keep assessment proceedings in abeyance until the Panel issues directions. A final assessment cannot be made after objections have been filed and the Transfer Pricing Officer has been informed, but before those objections are decided. The final assessment order and consequential demand notice were quashed, while the pending Dispute Resolution Panel proceedings remained unaffected and may be followed by further action in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
