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Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Validity of assessment order - as argued without giving the petitioner an opportunity to reply by granting adjournment, the second respondent has now passed the assessment order by adding a further sum towards addition u/s 68 - The High Court, after careful consideration, agreed with the petitioner's contentions. It found that the order lacked procedural fairness and that the additions to the taxable income were not justified. As a result, the impugned order was quashed, and the case was remitted back to the first respondent for fresh assessment within 90 days.
Validity of assessment order - as argued without giving the petitioner an opportunity to reply by granting adjournment, the second respondent has now passed the assessment order by adding a further sum towards addition u/s 68 - The High Court, after careful consideration, agreed with the petitioner's contentions. It found that the order lacked procedural fairness and that the additions to the taxable income were not justified. As a result, the impugned order was quashed, and the case was remitted back to the first respondent for fresh assessment within 90 days.
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