Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
Final benami adjudication bars contradictory tax-evasion prosecution where settlement findings confirm full disclosure and cooperation without conceal...
Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
For a non-searched person, the block period for assessment under section 153C is computed from the date seized material is handed over to, or satisfaction is recorded by, the Assessing Officer having jurisdiction over that person, rather than from the search date. Applying that rule, the relevant assessment years fell outside the permissible period, making the assessments time-barred and depriving the Assessing Officer of valid jurisdiction. ITAT upheld the relief granted to the non-searched person and dismissed the Revenue's appeals, following Supreme Court and High Court precedent.
For a non-searched person, the block period for assessment under section 153C is computed from the date seized material is handed over to, or satisfaction is recorded by, the Assessing Officer having jurisdiction over that person, rather than from the search date. Applying that rule, the relevant assessment years fell outside the permissible period, making the assessments time-barred and depriving the Assessing Officer of valid jurisdiction. ITAT upheld the relief granted to the non-searched person and dismissed the Revenue's appeals, following Supreme Court and High Court precedent.
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TaxTMI 
TaxTMI 
of 4891 
