Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Revision u/s 263 - Bogus LTCG/Share transaction - as per CIT AO failed to make necessary enquiries to ascertain the actual strength of the company, investment profile of the assessee - The Tribunal upheld the jurisdiction of the PCIT under section 263, emphasizing the lack of adequate examination of facts in the AO's assessment order. It concurred with the PCIT's finding that the AO failed to conduct necessary inquiries, leading to an erroneous assessment order. However, the Tribunal dismissed the allegation of violation of principles of natural justice, noting that the assessee was provided with opportunities to be heard.
Revision u/s 263 - Bogus LTCG/Share transaction - as per CIT AO failed to make necessary enquiries to ascertain the actual strength of the company, investment profile of the assessee - The Tribunal upheld the jurisdiction of the PCIT under section 263, emphasizing the lack of adequate examination of facts in the AO's assessment order. It concurred with the PCIT's finding that the AO failed to conduct necessary inquiries, leading to an erroneous assessment order. However, the Tribunal dismissed the allegation of violation of principles of natural justice, noting that the assessee was provided with opportunities to be heard.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
