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...
Validity of the final assessment order due to non-implementation of the directions of learned DRP - Royalty/FTS receipts - The ITAT underscored the legal requirement u/s 144C(13) of the Income-tax Act, which obligates the AO to strictly adhere to the DRP's directions. Citing key judicial precedents, including the Bechtel Limited and ESPN Star Sports cases, the ITAT concluded that the AO's failure to implement the DRP's binding directions resulted in the final assessment order being declared void ab initio and without jurisdiction. Consequently, the Tribunal quashed the assessment order, thereby partly allowing the appeal in favor of the assessee.
Validity of the final assessment order due to non-implementation of the directions of learned DRP - Royalty/FTS receipts - The ITAT underscored the legal requirement u/s 144C(13) of the Income-tax Act, which obligates the AO to strictly adhere to the DRP's directions. Citing key judicial precedents, including the Bechtel Limited and ESPN Star Sports cases, the ITAT concluded that the AO's failure to implement the DRP's binding directions resulted in the final assessment order being declared void ab initio and without jurisdiction. Consequently, the Tribunal quashed the assessment order, thereby partly allowing the appeal in favor of the assessee.
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