Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Additional evidence supporting guest-house expenditure and the applicable head of income cannot be rejected solely for want of a separate Rule 46A application without independent merits adjudication; the dispute was remitted for fresh de novo consideration after hearing. The challenge to the appellate order issued after the assessee's death failed because the record did not show notices to a deceased person or that the appellate authority had been informed of the death. Objections to penalty initiation were premature absent a penalty order. Interest under sections 234A and 234B was treated as automatic, compensatory and consequential, for examination while giving effect to the order.
Additional evidence supporting guest-house expenditure and the applicable head of income cannot be rejected solely for want of a separate Rule 46A application without independent merits adjudication; the dispute was remitted for fresh de novo consideration after hearing. The challenge to the appellate order issued after the assessee's death failed because the record did not show notices to a deceased person or that the appellate authority had been informed of the death. Objections to penalty initiation were premature absent a penalty order. Interest under sections 234A and 234B was treated as automatic, compensatory and consequential, for examination while giving effect to the order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
