Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Validity of reopening of assessment - The case involved a dispute over the deletion of addition on account of undisclosed capital gain and the validity of the assessment order. The Revenue's arguments regarding undisclosed capital gain were dismissed by the Tribunal, highlighting the lack of responsibility on the assessee's part and the significance of matching amounts in documents. Furthermore, the Tribunal found the assessment order invalid due to improper notice under section 148 of the Act, emphasizing the jurisdictional requirement for proper notice and quashing the reassessment proceedings as a result.
Validity of reopening of assessment - The case involved a dispute over the deletion of addition on account of undisclosed capital gain and the validity of the assessment order. The Revenue's arguments regarding undisclosed capital gain were dismissed by the Tribunal, highlighting the lack of responsibility on the assessee's part and the significance of matching amounts in documents. Furthermore, the Tribunal found the assessment order invalid due to improper notice under section 148 of the Act, emphasizing the jurisdictional requirement for proper notice and quashing the reassessment proceedings as a result.
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