Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
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Maintainability of the writ petition in HC - Validity of reassessment order passed - The petitioner raised concerns about procedural irregularities, including the lack of sufficient time for response and the initiation of multiple proceedings for the same period and issue. The High court considered the maintainability of the writ petition, emphasizing the importance of adhering to statutory remedies and precedents regarding writ jurisdiction. Ultimately, the court dismissed the petition, highlighting the availability of alternative remedies under the Income Tax Act, 1961, and refrained from making observations on the merits of the case.
Maintainability of the writ petition in HC - Validity of reassessment order passed - The petitioner raised concerns about procedural irregularities, including the lack of sufficient time for response and the initiation of multiple proceedings for the same period and issue. The High court considered the maintainability of the writ petition, emphasizing the importance of adhering to statutory remedies and precedents regarding writ jurisdiction. Ultimately, the court dismissed the petition, highlighting the availability of alternative remedies under the Income Tax Act, 1961, and refrained from making observations on the merits of the case.
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