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...
Non-participating bidders cannot disturb concluded liquidation sales on speculative prejudice, while costs for such challenges must remain proportiona...
Revised tax audit reports and corresponding revised returns filed before processing under section 143(1) require consideration despite filing after the prescribed due date where they correct disallowances based on Form 26A. Form 26A activates statutory relief from disallowance for non-deduction of tax at source, and the same expenditure cannot be disallowed again under section 40(a)(ia) after disallowance under section 43B(da). Rule 46A(3) does not require remand when materials were electronically furnished before processing and no fresh appellate evidence is admitted. After deletion of adjustments, set-off of brought-forward losses is academic where no positive income remains.
Revised tax audit reports and corresponding revised returns filed before processing under section 143(1) require consideration despite filing after the prescribed due date where they correct disallowances based on Form 26A. Form 26A activates statutory relief from disallowance for non-deduction of tax at source, and the same expenditure cannot be disallowed again under section 40(a)(ia) after disallowance under section 43B(da). Rule 46A(3) does not require remand when materials were electronically furnished before processing and no fresh appellate evidence is admitted. After deletion of adjustments, set-off of brought-forward losses is academic where no positive income remains.
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TaxTMI 
TaxTMI 
of 4881 
