Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Reopening of assessment u/s 147 or assessment u/s 153C - reassessment was made based on the materials found in the course of search conducted on third party - The tribunal allowed the appeal, quashing the reassessment order dated March 28, 2016, on the grounds that the reassessment was conducted under an incorrect section of the law. It held that if the reassessment was based on incriminating materials found in the course of a third party's search, it should have been conducted under Section 153C rather than Section 147.
Reopening of assessment u/s 147 or assessment u/s 153C - reassessment was made based on the materials found in the course of search conducted on third party - The tribunal allowed the appeal, quashing the reassessment order dated March 28, 2016, on the grounds that the reassessment was conducted under an incorrect section of the law. It held that if the reassessment was based on incriminating materials found in the course of a third party's search, it should have been conducted under Section 153C rather than Section 147.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
