Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Validity of assessment order - breach of principles of natural justice - During an inspection, the petitioner addressed discrepancies pointed out by the authorities but failed to respond to subsequent notices and participate in assessment proceedings. Despite this, the High Court finds it necessary to interfere with the assessment order, subjecting the petitioner to certain conditions. These include remitting a specified sum towards the disputed tax demand and submitting a reply to the show cause notice within a stipulated period. The Court directs the assessing officer to issue a fresh assessment order within two months, adhering to prescribed procedures.
Validity of assessment order - breach of principles of natural justice - During an inspection, the petitioner addressed discrepancies pointed out by the authorities but failed to respond to subsequent notices and participate in assessment proceedings. Despite this, the High Court finds it necessary to interfere with the assessment order, subjecting the petitioner to certain conditions. These include remitting a specified sum towards the disputed tax demand and submitting a reply to the show cause notice within a stipulated period. The Court directs the assessing officer to issue a fresh assessment order within two months, adhering to prescribed procedures.
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