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...
Assessment u/s 153C/153A - Computation of the Relevant Assessment Years Block - Jurisdiction for Reopening Assessments - The Delhi High Court meticulously analyzed the legal and procedural framework governing the reassessment process following search operations. It provided clarity on the computation of the relevant block of years for assessment, the jurisdictional reach of the Income Tax authorities in light of the 2017 amendments, and the procedural safeguards intended to ensure fairness in the reassessment process. The judgments underscore the necessity for a precise satisfaction note and uphold the legislative amendments aimed at capturing undisclosed income extending beyond the standard six-year limitation period, subject to meeting specific criteria outlined in the statute.
Assessment u/s 153C/153A - Computation of the Relevant Assessment Years Block - Jurisdiction for Reopening Assessments - The Delhi High Court meticulously analyzed the legal and procedural framework governing the reassessment process following search operations. It provided clarity on the computation of the relevant block of years for assessment, the jurisdictional reach of the Income Tax authorities in light of the 2017 amendments, and the procedural safeguards intended to ensure fairness in the reassessment process. The judgments underscore the necessity for a precise satisfaction note and uphold the legislative amendments aimed at capturing undisclosed income extending beyond the standard six-year limitation period, subject to meeting specific criteria outlined in the statute.
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