Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Communication of recorded reasons is a jurisdictional requirement for reassessment where the assessee requests those reasons. Non-supply prevents the assessee from challenging the reopening and obtaining a speaking decision on objections, thereby breaching principles of natural justice. Reassessment jurisdiction is invalidly assumed when recorded reasons are withheld despite repeated requests, and the reassessment notice and resulting order are liable to be quashed as void.
Communication of recorded reasons is a jurisdictional requirement for reassessment where the assessee requests those reasons. Non-supply prevents the assessee from challenging the reopening and obtaining a speaking decision on objections, thereby breaching principles of natural justice. Reassessment jurisdiction is invalidly assumed when recorded reasons are withheld despite repeated requests, and the reassessment notice and resulting order are liable to be quashed as void.
Note: It is a system-generated summary and is for quick reference only.
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