Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
Validity of assessment order passed u/s 153C - Third Member Order - addition u/s 69A r.w.s. 115BBE - cash deposited in various bank accounts post demonetization - search and seizure operation carried out in case of Third Party - The tribunal concluded that the assessment order under section 143(3) read with section 153C was invalid. This conclusion was primarily based on the procedural impropriety in the issuance of the assessment order without proper compliance with the prerequisites outlined in section 153C, notably the recording of satisfaction. - Regarding the Cash Deposit, the tribunal underscored the importance of drawing statutory presumptions against the entity in whose name the deposits were made, rather than the assessee, in the absence of incontrovertible proof to the contrary.
Validity of assessment order passed u/s 153C - Third Member Order - addition u/s 69A r.w.s. 115BBE - cash deposited in various bank accounts post demonetization - search and seizure operation carried out in case of Third Party - The tribunal concluded that the assessment order under section 143(3) read with section 153C was invalid. This conclusion was primarily based on the procedural impropriety in the issuance of the assessment order without proper compliance with the prerequisites outlined in section 153C, notably the recording of satisfaction. - Regarding the Cash Deposit, the tribunal underscored the importance of drawing statutory presumptions against the entity in whose name the deposits were made, rather than the assessee, in the absence of incontrovertible proof to the contrary.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
