Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Electronic uploading of Dispute Resolution Panel directions on the ITBA portal constitutes valid and sufficient service for calculating the deadline for a final assessment under section 144C(13). Where directions were uploaded in October 2025, the final assessment had to be completed by the end of November 2025. Completion in December 2025 exceeded the prescribed limitation period, rendering the final assessment beyond jurisdiction and time-barred. Other grounds challenging the assessment remain open because limitation disposed of the matter.
Electronic uploading of Dispute Resolution Panel directions on the ITBA portal constitutes valid and sufficient service for calculating the deadline for a final assessment under section 144C(13). Where directions were uploaded in October 2025, the final assessment had to be completed by the end of November 2025. Completion in December 2025 exceeded the prescribed limitation period, rendering the final assessment beyond jurisdiction and time-barred. Other grounds challenging the assessment remain open because limitation disposed of the matter.
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