Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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Jurisdiction of AO - Validity of notice issued u/s 143(2) - No objection were filed within one month u/s 124 - The Appellate Tribunal found that the notices were indeed issued by a non-jurisdictional AO, and there was no dispute regarding this fact from the Revenue's side. However, the Revenue relied on Section 292BB, arguing that the absence of objection within the stipulated time period validated their actions. In response, the Tribunal referred to the case of ITO vs. Almak Finance P. Ltd., where it was held that actions taken by authorities lacking jurisdiction are void ab initio. Thus, failure to dispute jurisdiction under Section 124(3) did not preclude the appellant from challenging it later. Consequently, the Tribunal concluded that the AO lacked jurisdiction, leading to the quashing of the assessment order.
Jurisdiction of AO - Validity of notice issued u/s 143(2) - No objection were filed within one month u/s 124 - The Appellate Tribunal found that the notices were indeed issued by a non-jurisdictional AO, and there was no dispute regarding this fact from the Revenue's side. However, the Revenue relied on Section 292BB, arguing that the absence of objection within the stipulated time period validated their actions. In response, the Tribunal referred to the case of ITO vs. Almak Finance P. Ltd., where it was held that actions taken by authorities lacking jurisdiction are void ab initio. Thus, failure to dispute jurisdiction under Section 124(3) did not preclude the appellant from challenging it later. Consequently, the Tribunal concluded that the AO lacked jurisdiction, leading to the quashing of the assessment order.
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