Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Validity of Faceless assessment - procedure contemplated u/s 144B - The petitioner contended that their objections and replies were not considered before passing the assessment order, contrary to the procedures outlined in Section 144B(1)(vii), (xiv), and (xvi)(b) of the Act. The High Court found merit in this argument, noting that the failure to consider the petitioner's responses violated procedural requirements, thereby vitiating the assessment proceedings. - Matter restored back for fresh adjudication.
Validity of Faceless assessment - procedure contemplated u/s 144B - The petitioner contended that their objections and replies were not considered before passing the assessment order, contrary to the procedures outlined in Section 144B(1)(vii), (xiv), and (xvi)(b) of the Act. The High Court found merit in this argument, noting that the failure to consider the petitioner's responses violated procedural requirements, thereby vitiating the assessment proceedings. - Matter restored back for fresh adjudication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
