Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Limitation for passing a assessment order - Consequential order passed by the assessing authority beyond the time limit specified u/s 153 (2A) - The High Court examined the statutory provisions and concluded that the time limit applies to consequential orders following a remand by an appellate or revisional authority. The purpose of this provision is to ensure expeditious assessments and timely receipt of government dues. In the case at hand, despite specific directions from the Tribunal, the Assessing Authority failed to pass the consequential order within the prescribed time limit, leading to prejudice for the assessee.
Limitation for passing a assessment order - Consequential order passed by the assessing authority beyond the time limit specified u/s 153 (2A) - The High Court examined the statutory provisions and concluded that the time limit applies to consequential orders following a remand by an appellate or revisional authority. The purpose of this provision is to ensure expeditious assessments and timely receipt of government dues. In the case at hand, despite specific directions from the Tribunal, the Assessing Authority failed to pass the consequential order within the prescribed time limit, leading to prejudice for the assessee.
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