Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
A scrutiny assessment requires notice under section 143(2) from the jurisdictional Assessing Officer who completes the assessment. The notes state that a notice issued by a different officer does not cure the defect where there is no transfer order under section 127 or CBDT jurisdictional transfer, and the completing officer issues no fresh notice. As such notice is a mandatory condition for a valid assessment, the assessment is without jurisdiction and must be quashed; other grounds then become academic.
A scrutiny assessment requires notice under section 143(2) from the jurisdictional Assessing Officer who completes the assessment. The notes state that a notice issued by a different officer does not cure the defect where there is no transfer order under section 127 or CBDT jurisdictional transfer, and the completing officer issues no fresh notice. As such notice is a mandatory condition for a valid assessment, the assessment is without jurisdiction and must be quashed; other grounds then become academic.
Note: It is a system-generated summary and is for quick reference only.
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