Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Page of 4794
Press 'Enter' after typing page number.
1 to 20 of 95872 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Reassessment jurisdiction cannot rest on unverified, factually...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reassessment jurisdiction cannot rest on unverified, factually incorrect information or disregard the taxpayer's specific explanation. Aggregating distinct information-portal entries as escaped income, when only one entry was relevant, showed non-application of mind; the eventual addition also did not match the aggregated amount or one entry. Reopening on that premise was invalid because the Assessing Officer failed to verify the information before assuming jurisdiction and did not address the objection. The reassessment order was quashed and the appeal allowed.
Reassessment jurisdiction cannot rest on unverified, factually incorrect information or disregard the taxpayer's specific explanation. Aggregating distinct information-portal entries as escaped income, when only one entry was relevant, showed non-application of mind; the eventual addition also did not match the aggregated amount or one entry. Reopening on that premise was invalid because the Assessing Officer failed to verify the information before assuming jurisdiction and did not address the objection. The reassessment order was quashed and the appeal allowed.
Note: It is a system-generated summary and is for quick reference only.