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...
Section 153C jurisdiction for assessment years beyond the six preceding years requires the Assessing Officer to record satisfaction that escaped income is represented by an asset. The six-year period is reckoned from the assessment year relevant to the previous year in which seized material is received by the Assessing Officer having jurisdiction over the other person; on that basis, AY 2015-16 fell within the extended period. However, a satisfaction note referring only to alleged cash transactions did not establish the mandatory asset-representation condition. The assessment was therefore treated as void for lack of valid jurisdiction, and the consequential addition could not survive; issues concerning digital evidence, consolidated satisfaction and merits remained open.
Section 153C jurisdiction for assessment years beyond the six preceding years requires the Assessing Officer to record satisfaction that escaped income is represented by an asset. The six-year period is reckoned from the assessment year relevant to the previous year in which seized material is received by the Assessing Officer having jurisdiction over the other person; on that basis, AY 2015-16 fell within the extended period. However, a satisfaction note referring only to alleged cash transactions did not establish the mandatory asset-representation condition. The assessment was therefore treated as void for lack of valid jurisdiction, and the consequential addition could not survive; issues concerning digital evidence, consolidated satisfaction and merits remained open.
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