Settlement application eligibility requires a pending assessment when filed, preventing an extra prior-eligibility condition from blocking considerati...
Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
Section 153C proceedings against a person other than the searched person require a satisfaction note as a precondition. Where the searched person's assessment has concluded, the satisfaction note must be recorded immediately thereafter; a delay exceeding four years does not meet that requirement. Proceedings initiated for Assessment Year 2017-18 on the basis of such delayed recording were invalidated, and the related notice, consequential order and demand notice were quashed.
Section 153C proceedings against a person other than the searched person require a satisfaction note as a precondition. Where the searched person's assessment has concluded, the satisfaction note must be recorded immediately thereafter; a delay exceeding four years does not meet that requirement. Proceedings initiated for Assessment Year 2017-18 on the basis of such delayed recording were invalidated, and the related notice, consequential order and demand notice were quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
