Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
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Section 167B's maximum marginal rate is inapplicable to income of a public charitable association assessed as an Association of Persons. Income from charitable activity for the public at large is to be computed at the normal tax rate applicable to an Association of Persons, rather than at the maximum marginal rate. Comparable treatment applies to registered trusts undertaking public charitable activity.
Section 167B's maximum marginal rate is inapplicable to income of a public charitable association assessed as an Association of Persons. Income from charitable activity for the public at large is to be computed at the normal tax rate applicable to an Association of Persons, rather than at the maximum marginal rate. Comparable treatment applies to registered trusts undertaking public charitable activity.
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