Transfer Pricing Officer jurisdiction is transaction-specific, excluding permanent establishment determinations and requiring independent assessment o...
Rental income valuation requires credible local comparables; family-business salary and commercially expedient unsecured-loan interest remained deduct...
Service of reassessment notices under section 148A(b) must provide the petitioner a genuine opportunity to respond. Where notices and the section 148A(d) order were sent to a secondary email address and a former residential address, a further response opportunity was warranted. The reassessment notice and order, assessment, consequential demands, penalty orders and recovery notice were quashed, while reassessment proceedings were restored and the petitioner was permitted to respond within the stipulated time. Merits remained open.
Service of reassessment notices under section 148A(b) must provide the petitioner a genuine opportunity to respond. Where notices and the section 148A(d) order were sent to a secondary email address and a former residential address, a further response opportunity was warranted. The reassessment notice and order, assessment, consequential demands, penalty orders and recovery notice were quashed, while reassessment proceedings were restored and the petitioner was permitted to respond within the stipulated time. Merits remained open.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
