Section 153C jurisdiction requires timely deemed search and assessee-specific satisfaction material; otherwise reassessment must use the proper statut...
Credit-note turnover adjustments preserve inverted-duty refunds, while ministerial re-computation does not constitute an impermissible appellate reman...
Acceptance of an alternative concession before the Tribunal precluded the assessee from challenging the resulting disallowance of agricultural loss relating to saplings. Because the assessee had accepted the disallowance as an alternative contention, the High Court declined the proposed questions and dismissed the appeals. The principle applied was that a party cannot pursue an appeal against an order reflecting its own concession.
Acceptance of an alternative concession before the Tribunal precluded the assessee from challenging the resulting disallowance of agricultural loss relating to saplings. Because the assessee had accepted the disallowance as an alternative contention, the High Court declined the proposed questions and dismissed the appeals. The principle applied was that a party cannot pursue an appeal against an order reflecting its own concession.
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TaxTMI 
TaxTMI 
of 4879 
